According to the Federal Reserve, total student loan debt in the country has recently surpassed $1 billion:

The effects of student loans pop up throughout the economy: housing is out of reach for many, and even social security can be affected.

So, how would YOU re-create financial aid, if you could? Would you require work-study programs to bring down the cost of college while in school? A greater number of programs that cover student debt after you graduate?

Let us know on Twitter or email us, we’d love to hear your ideas.