As a former professor, Madeleine knows that the key to a successful future is quality education.
Ensuring quality education includes making sure students and educators are well supported with adequate funding, beginning with universal pre-k and robust support for Kindergarten through 12th grade, special education, college, and technical training.
And for students that choose to further their education — they should not be burdened by life-long debt. If you can buy a car at 3% interest, then there is no reason that anyone should have to pay more interest for an education. As a member of the Financial Services Committee, Madeleine has used its jurisdiction over the private student loan market to confront bad lenders head on and ensure they are working in the best interest of student borrowers, not their shareholders. Additionally, she has led oversight over the Consumer Financial Protection Bureau – the very agency meant to protect borrowers from bad lenders.
Madeleine has introduced legislation to pay off $10,000 in education debt for borrowers during the COVID-10 pandemic, providing a lifeline for young people during an economic crisis. Madeleine has also introduced H.R. 4545, the Private Loan Disability Discharge Act, which would fill a gap in current law by allowing private student loan borrowers who become permanently disabled and will never work again to be relieved of their student loan debt.
Finally, Madeleine co-led the America’s College Promise Act, which would create new partnerships with state governments and provide two years of tuition-free access to community college programs that lead to a degree of industry-recognized credential. We know that community colleges are incubators of a healthy and prosperous economy, and they lift up millions of students who are looking for alternatives to a four-year degree.