The cuts are part of the government's proposals to slash £6.2bn in "wasteful" public spending.
But funding for schools, Sure Start and cash for the education of 16- to 19-year-olds will not be affected, as these budgets have been ring fenced, alongside the NHS, defence and international development spending.
The government announced that £80m will be cut from educational quangos including Becta (the British Educational Communications and Technology Agency).
The government also wants to save £320m by ending the so-called "ineffective elements" of employment programmes.
This includes the Future Jobs Fund, which is part of the Young Person's Guarantee to offer all 16- to 24-year-olds work or training after six months unemployment.
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