President Obama’s budget proposal would transform the federal financial aid system that struggling students and families rely on to pay for college. The proposed budget cuts excessive lender subsidies, moves to more efficient direct lending instead, and invests the savings in students. The changes are major steps toward making college opportunity affordable for all Americans.

American colleges and universities play a pivotal role in training the nation’s citizens, leaders, innovators, public servants and educators. In today’s economy, a college education is more desirable than ever before – millions of high school students strive for its promise and the benefits it brings for both the individual and society.