It warned that the quality of students' university experience would be reduced.
Chancellor George Osborne announced in last month's Budget that government departments whose budgets are ring-fenced would face spending cuts of 25%.
This includes the Department for Business, Innovation and Skills (Bis) which oversees universities.
The union said 10,163 academic staff could be at risk and 12,421 jobs in areas such as IT support, libraries, student counselling, careers advice, press offices and catering could be axed.
The sector currently employs the equivalent of nearly 262,000 full-time employees, the union said.
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University and college teaching budgets slashed by £82m
The cuts coms as campuses struggle to deal with a more than £1bn reduction to their budgets between now and the end of 2013 and higher education faces the harshest financial climate in more than a decade. University leaders have warned the cuts will lead to larger class sizes, further job cuts and a deterioration in quality.
It has also emerged 60 universities and further education colleges are being penalised £15.67m for over-recruiting 4,235 students this year. Data given to the Guardian by Hefce, which gives universities and colleges public funds on behalf of the government, reveals that some institutions, such as De Montfort University in Leicester, are being fined as much as £3.38m for taking on 913 students too many. Hertfordshire University has to pay £1.86m for over-recruiting 502 students, while Edge Hill University in Lancashire is being fined almost £1m for recruiting 268 students too many.
Read further here --> http://www.guardian.co.uk/education/2010/jul/21/college-university-teaching-budgets
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