(CNN) - Forced spending cuts that take effect today will slice $2.5 billion from the Department of Education's nearly $70 billion budget, CNN's René Marsh reports. At the college level, about 70,000 students could lose work study and grant money. The biggest cuts wouldn't take effect until the 2013-14 school year, and Pell grants will be spared.
At the preschool, elementary and secondary levels, the Department of Education expects a $725 million cut to Title I grants, which Education Secretary Arne Duncan estimates will impact 1.2 million disadvantaged students, and put 10,000 teacher and support staff jobs at risk. States and districts might have to cover the cost of 7,200 teachers, aides and staffers as $600 million is cut from the special education, too. Some 70,000 Head Start students might no longer be able to attend classes.