The coming months and year could be a turning point for students, their families and for the future of higher education in this country. The long-term trends of state disinvestment and increased student enrollment have brought student debt to unprecedented levels, and with it, public agreement that something must be done. At the same time, the federal government is facing enormous financial decisions in the near term, with Washington debating choices around expiring tax cuts, automatic discretionary cuts known as sequestration, a Pell grant funding shortfall, and the fast-approaching reauthorization of the Higher Education Act. It is an understatement to say that large-scale decisions as to the future of investment in higher education in this country could be right around the corner. Now is the time for reform.