Cabinet Paper: Funding education initiatives using headroom and underspends in Vote Tertiary Education
On Wednesday 27 June 2018, the Minister of Education announced (external link) that the Government will invest $31.7 million a year to help maintain the quality of tertiary education, and provided an update on the first four months of Fees-Free tertiary education and training.
The Minister also announced:
- that the current seven-year limit on student loan scheme borrowing for students in long undergraduate programmes will be extended (external link) to ten equivalent full-time years of study from the start of 2019 (external link)
- an $8 million investment to progress the New Zealand Qualifications Authority’s NCEA Online programme (external link)
The Minister and Associate Minister of Education, Hon Tracey Martin have announced (external link) the establishment of a fund of up to $1 million in 2018/19 for providers of computers in homes programmes.
The paper considered by Cabinet’s Social Wellbeing Committee when making these decisions is available below. The paper provides detail on why and how these education initiatives will be funded.
The paper also provides an update on the first four months of Fees-Free tertiary education and training. More information about Fees-Free tertiary education and training is available at www.feesfree.govt.nz (external link) .
Student Achievement Component level 1 and 2 programme funding rates
On Thursday 28 June 2018, the Minister of Education announced (external link) increases to a number of funding rates for tertiary education programmes at qualification levels 1 and 2. The papers considered by the Minister when making these decisions are available below.
- Education Report: Additional information on Setting Student Achievement Component Level 1-2 funding rates [PDF, 2.8 MB]
- Education Report: Setting Student Achievement Component Level 1-2 funding rates [PDF, 3.6 MB]
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