Three quarters of England's universities are facing real-term budget cuts this year - for the first time since Labour came to power.
University funding body Hefce has told institutions how much they will get next year from a fund of £7.3bn - £449m less than the sector was expecting.
The situation though is not the same across the United Kingdom.
The BBC's education correspondents in Wales, Scotland and Northern Ireland look at the different funding challenges in the devolved nations.
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