Some education advocates are concerned that a congressional committee charged with reigning in the federal debt will decide to cut K-12 funding. Others believe student lending and Pell Grant programs are more likely to be targeted. However, if the "super committee" fails to reach an agreement, across-the-board budget cuts go into effect, which the Center on Budget and Policy Priorities projects could cost the Education Department about $4 billion, or 9% of its budget.

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