Duncan: Cuts to education would ‘jeopardize’ nation’s ability to compete

“We all agree sequestration would be tremendously destructive,” Harkin said. “We all must come together with good will to hammer out a balanced agreement that will not only prevent sequestration, but reduce our deficit and protect America’s families.”

Duncan said a $1.1 billion cut in Title 1 would hit students in more than 4,000 schools. He said that more than 15,000 teachers and aides could lose their jobs.

Other programs, such as Race to the Top, School Improvement Grants, and the Impact Aid Basic Support Payments, also could be cut, Duncan said.

Duncan said that college students could experience delays in their financial aid decisions, because the cuts would make the department lay off or furlough staff members who determine financial aid eligibility, expedite financial aid, and process loan requests.

For more news about education funding, see:

Venture capital funding for ed tech at ‘unprecedented levels, expected to rise

District ‘Race to the Top’ rules spur mixed reaction

Cyber school funding formulas draw ire

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