In their 2012 budget proposal, House republicans propose slashing the program to the 2008 funding level of $16.3 billion. Under the republican plan, the maximum award level would drop to by $845 to $4,015. However, President Barack Obama is requesting $41.2 billion.
The reductions to Pell Grants are among the options in a Republican proposal to avoid a shutdown of the federal government. Democratic lawmakers have spoken out against the cuts and vowed to fight them.
The Republican bill also would reduce Pell funding by $66 billion over 10 years.
Regardless of whether Pell Grants are cut this year, they could face additional cuts next year under a separate Republican budget proposal that would reduce the scholarships by at least $800.