We are responsible for the allocation of all post-compulsory education funding of approximately $2.8 billion each year. Most of this funding is provided in the government’s Budget via Vote: Tertiary Education. Occasionally we administer funding on behalf of other government agencies such as Immigration New Zealand.
How we fund
The Tertiary Education Strategy provides the overall framework within which funding decisions are made, ensuring that funding supports tertiary education organisations (TEOs) to deliver on the Government's outcome priorities.
We provide most funding through an Investment Plan, although there are some funds that are off-Plan that are managed through a funding letter.
Under the Education Act 1989, the Minister for Tertiary Education, Skills and Employment determines the design of the funding mechanisms that we use to fund TEOs. To achieve the desired educational outcomes, we may impose funding conditions and provide guidance for each fund for TEOs to follow. TEOs can also ask us a question by contacting our Sector Helpdesk.
Who we fund
Each fund has specific eligibility criteria that define which TEOs are eligible for that funding. Criteria are usually specified in the Minister's funding mechanisms. Only eligible organisations can be funded.
To learn more about each TEO type, please see the information about universities, institutes of technology and polytechnics (ITPs), wānanga, industry training organisations (ITOs), private training establishments (PTEs), and other types of TEOs.
What we fund
We administer a variety of different funds that target different types of tertiary education, such as foundation education, vocational education, and education at higher levels of the New Zealand Qualifications Framework.
For more information see our Fund Finder online directory which will direct you to detailed information about each fund.
25 June 2015
25 June 2015