Under both the White House's budget proposal and House Republicans' reconciliation bill, students' access to financial aid through the Pell Grant is at risk.

KEY POINTS

Pell Grants, college aid for low-income families, could be slashed under both the White House budget proposal and House GOP reconciliation bill.

Donald Trump’s budget would cut the maximum award to the lowest amount in roughly a decade.

About 40% of undergraduates rely on Pell Grants to pay for college, and experts say if the plans are enacted, many of the lowest-income students would be forced to drop out.