The money Obama is targeting is what's known as "campus-based" aid.

President Barack Obama is announcing a plan to shift some federal dollars away from colleges and universities that don’t control tuition costs and new competitions in higher education to encourage efficiency as part of an effort to contain soaring college costs.

Obama will spell out his plans Jan. 27 at the University of Michigan in Ann Arbor. The speech will cap a three-day post-State of the Union trip by the president to promote different components of his economic agenda in politically important states.

On Jan. 24 during his State of the Union address, Obama put colleges and universities on notice to control tuition costs or face losing federal dollars. That’s had the higher-education community nervous that he could set a new precedent in the federal government’s role in controlling the rising costs of college.

Read the full story on eCampusNews.com here