The cost of college, which is already a stretch for many families, would increase substantially if President Donald Trump's proposed federal budget took effect.

The Trump budget, released Tuesday, proposes more than $143 billion in cuts for student loans and student aid over 10 years, beginning in fiscal 2018. The proposed cuts for that year alone total more than $4 billion.

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Bernice Napach

Bernice Napach is a senior writer at ThinkAdvisor covering financial markets and asset managers, robo-advisors, college planning and retirement issues. She has worked at Yahoo Finance, Bloomberg TV, CNBC, Reuters, Investor's Business Daily and The Bond Buyer and has written articles for The New York Times, TheStreet.com, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.