Updated at 8:12 p.m. ET on 8/22

Binghamton, New York (CNN) – President Barack Obama kicked off a two day bus tour in upstate New York Thursday, unveiling plans to change the way the federal government will award federal student aid to colleges and universities.

Complaining that "college has never been more expensive," the president said to students at the University at Buffalo that "a higher education is the single best investment you can make in your future."
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