Protests against possible cuts to higher education funding in Tuesday's emergency budget have taken place on Oxford campuses.
About 30 University and College Union (UCU) members met at 1245 BST at Oxford and Blackbird Leys Campus' of Oxford and Cherwell Valley College.
University vice chancellors have warned of "real and lasting damage" if cuts are too deep.
"What it means is fewer courses," said UCU president Alan Whitaker.
He added: "That's obviously going to have a devastating effect on students who want to learn."
Universities minister David Willetts has warned of "tough decisions" after a university funding review, which is due to published in the autumn.
Cuts of £200m in university spending in England were announced recently, in addition to £449m already announced for next year.