"Congress should act before we experience a collapse in the student debt market similar to the collapse in the subprime mortgage market that led to the recession after the 2008 financial crisis. Fortunately, the House Committee on Education and the Workforce, chaired by former educator Virginia Foxx (R-N.C.), has a bill that would do the job. Known as the Prosper Act, it would address this crisis by reducing the student loan burden, making it easier to repay student loans and increasing the educational opportunities that qualify students for jobs that actually exist."