This document records testimony from a hearing held to examine ways in which federal student aid could be improved to better meet the needs of students. Member statements were presented by: (1) Honorable Susan A. Davis, Ranking Member, Subcommittee on Higher Education and Workforce Development; and (2) Honorable Brett Guthrie, Chairman, Subcommittee on Higher Education and Workforce Development. Witness statements were presented by: (1) Dr. Matthew M. Chingos, Senior Fellow, Urban Institute, Washington, DC; (2) Kristin Conklin, Founding Partner, HCM Strategists, Washington, DC; (3) Youlonda Copeland-Morgan, Vice Provost of Enrollment Management, University of California, Los Angeles; and (4) Joellen Soucier, Executive Director of Financial Aid, Houston Community College System, Houston, Texas. Additional submissions were presented by: (1) Honorable Alma S. Adams, Representative in Congress from the State of North Carolina: Letter dated March 30, 2017, from United Negro College Fund, Inc. (UNCF); (2) Mrs. Copeland-Morgan: Article: The University of California at a Glance; and (3) Honorable Joe Courtney, Representative in Congress from the State of Connecticut: Article: The Next Victims of the Student Debt Crisis: Mom and Dad. Questions for the record were submitted by: (1) Ms. Adams; (2) Mrs. Davis; (3) Chairman Guthrie; (4) Honorable Adriano Espaillat, Representative in Congress from the State of New York; (5) Honorable Virginia Foxx, Representative in Congress from the State of North Carolina; and (6) Honorable Mark Takano, Representative in Congress from the State of California. Responses to questions submitted for the record were provided by: Dr. Chingos, Ms. Conklin, Mrs. Copeland-Morgan, and Ms. Soucier.