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President Obama will announce on Thursday more than $100 million in new commitments from universities, foundations, nonprofits and corporations at an event designed to improve college access for low-income students.

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The president, first lady Michelle Obama and higher education leaders will meet at the White House to unveil the pledges, which include fee waivers, scholarship opportunities and additional advisory support for children in the nation's poorest communities.

"We are going to be hosting a White House summit of university presidents from all across the country, and we'll be challenging them to recruit and support even more underserved young students at their schools," the first lady said Wednesday.

The new efforts, solicited by the White House over the past year, are divided into four categories: programs to connect more low-income students to the right college for them, increasing the pool of students preparing for college, leveling the playing field on standardized college entrance exams and strengthening remediation programs.

White House economic adviser Gene Sperling said the efforts would help reverse trends by which children from low-income families were not only substantially less likely to enroll in college, but also less likely to pick the school that gives them the greatest chance of graduating and getting a job.

"In our country today, there are a pool of low-income, high-performing youth who are still not attending the colleges they should be attending," Sperling said Wednesday.

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