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Bloomberg Government was first to report the administration’s plans, and a White House official confirmed the reporting to ABC News.

According to a memo released by the White House later, the administration wants \"to increase access to affordable, flexible, and innovative postsecondary education and skills attainment to meet the interests and lifelong learning needs of every American.\"

Other priorities laid out by the Trump administration include proposals like expanding the Pell Grant to \"include high-quality, short-term programs that provide students with a credential, certification, or license in a high-demand field,\" and urging Congress to reform the Federal Work Study program to include more opportunities for work in related fields to what the student is studying.

The Trump administration also proposes simplifying the student loan system and says Congress \"should consolidate the five income-driven repayment options into one simple plan that caps monthly payment at 12.5 percent of a borrower’s discretionary income,\" and \"should extend loan forgiveness to all undergraduate students (after 180 months of repayment through an income-driven repayment plan).\"

The White House also included a proposal for Congress to provide financial aid to prisoners \"eligible for release to improve employment outcomes and reduce recidivism,\" -- a proposal that comes not long after the White House and Congress worked on various prison reform initiatives.

Alexander, the Tennessee Republican, released a statement on Monday in support of the administration's proposal.

\"I share the Administration’s goals to make a college education worth it and to make it simpler to apply for federal student aid and pay back student loans. It is helpful to have these suggestions as I work with Senator Patty Murray, the senior Democrat on the education committee, to develop bipartisan recommendations so that we can report legislation to the full Senate before summer,\" Alexander's statement said.

ABC News' Jordyn Phelps, Anne Flaherty and Trish Turner contributed to this report.

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