Education is the key by which we can each open the doors of opportunity. A quality public education for every American creates stronger communities and ensures that our nation is thoroughly prepared for the challenges of the 21st century. I am deeply committed to ensuring that our public education system functions effectively and successfully serves our students. That includes supporting federal funding to make schools safer, increasing and expanding Pell Grants for low-income students, and making college and vocational trade schools more affordable.
In the 116th Congress, I have co-sponsored and supported several important bills to help the nation continue to strive for educational equity and excellence for all.
H.R.4180 — The Teacher Tax Deduction Enhancement Act of 2019, which would allow teachers to deduct higher levels of their out of pocket expenses for classroom supplies on their federal income tax returns. Teachers who often reach into their own wallets to help our kids in class should not have to bear that burden on their own.
H.R.3511 — Transforming Student Debt to Home Equity Act of 2019, which would establish and implement a pilot demostration program to provide eligible applicants with student loan debt help in purchasing a home. Specifically, the program may provide for discounts on the appraised value of eligible properties; flexibility in certain underwriting standards; the development of new mortgage products specifically targeted to eligible applicants and other appropriate assistance. Especially important is a provision of the bill that would determine how the repayment of a federal student loan could be rolled into a mortage repayment schedule.
H.R.3257 — The Student Loan Fairness Act of 2019, which would change student loan law so that if you are still paying off your debt after making ten years of payments at 10% of your discretionary income, your remaining federal student loan debt would be forgiven. The bill would also cap federal student loan interest rates at 3.4% and allow existing borrowers whose educational loan debt exceeds their income to convert their private loan debt into federal Direct Loans and then convert those new federal loans into the 10-10 standard. The bill also requires the U.S. Department of Education to incorpoate regional variations in the cost of living when calculating monthly student loan repayment amounts.
More on Education
Congressman Lacy Clay, EPA Administrator Wheeler Celebrate Carter Carburetor Superfund Site Cleanup Completion
and Future Reuse with Boys & Girls Clubs of Greater St. Louis
$35 Million Superfund Cleanup Paves Way for Safer Neighborhood and Exciting Future in North St. Louis
Clay Applauds Passage of Historic Heroes Act
Bold Emergency Legislation Will Provide Critical Help to States and Local Governments, Hazard Pay for Essential Workers, Urgent Help for Homeowners and Renters
Clay Applauds Passage of Historic CARES Act to Put Families & Workers First
Emergency Coronavirus Legislation Will Save Lives, Save Jobs and Save Small Businesses
WASHINGTON, DC – Today, Congressman Wm. Lacy Clay (D) Missouri applauded passage of the historic CARES Act, the $2 trillion Families and Workers-First legislation, which will now go to the President’s desk for his signature.
Clay, Schiff, Sharp, join National, State and Local Leaders to Break Ground for new
$1.75 Billion Western Headquarters of the National Geospatial Intelligence Agency in North St. Louis
Largest Single Federal Investment in St. Louis history–
“A new beginning that will transform North St. Louis by generating a future of connection, confidence, security and equal opportunity”
Clay Introduces Student Loan Debt Reform Package to Lower Interest Rates,
Protect Borrowers and Reduce Excessive Debt
RED ACT and Student Debt Relief Act Will Target Nation’s $1.5 Trillion Student Loan Emergency
Clay Launches 2019 Congressional App Challenge
Calling All High School Coders…Congress Wants to See Your Best App!
Clay, Graves introduce legislation to help America’s Teachers
Teachers Are on the Front Lines of Shaping the Next Generation of America’s Future.