A decision to give millions of pounds to colleges and universities has been reversed by the Scottish government.
A total of £46m was due to be spent on the Scottish college and university sector however it has now been identified as an "essential saving".
The money, which is distributed by the Scottish Funding Council (SFC), had been voted through by MSPs.
Colleges Scotland members were "deeply dismayed" while Universities Scotland said it was "extremely disappointed".
The money was pledged by former finance minister John Swinney in the budget last December.
The college sector has been due to receive £26m and the university sector £20m.
