| Who applies?
ITPs, PTEs, REAPs, Universities, Wānanga
|| Fund focus:
|| Agreed through?
Investment Plan (on Plan)
The information on the following pages relates to Student Achievement Component (SAC) funding for provision at level 3 and above only, as indicated by the initials SAC3+. Please see the pages specific to each SAC-funding type for the relevant information.
Student Achievement Component (SAC) funding is the Government’s contribution to the cost of teaching and learning. The Government determines the total amount of SAC funding available through its Budget process.
The SAC fund includes:
SAC funding for provision at level 3 and above is allocated through the Investment Plan process. Funding for provision at levels 1 and 2 is allocated either through the Investment Plan process, or through a competitive allocation process.
The information on the following pages relates to Student Achievement Component (SAC) funding for provision at level 3 and above only, as indicated by the initials SAC3+.
The TEC agrees the amount of each tertiary education organisation’s (TEO’s) SAC funding through the Investment Plan process, calculated as equivalent full-time student (EFTS) units. SAC funding reflects the volume and mix of provision agreed in a TEO’s Investment Plan.
SAC funding is calculated based on:
- the courses within the qualification that a TEO has been approved to deliver, and
- the number of valid domestic enrolments in each approved course that the TEO has delivered.
The funding mechanism for SAC provision at level 3 and above on the NZQF (PDF, 971 Kb) (and the 2016 supplementary funding mechanism, PDF 271 Kb) is issued by the Minister for Tertiary Education, Skills and Employment. The funding mechanism outlines the general form and essential components of the fund. It provides the mandate for the TEC to allocate the funding, and details how we administer the fund. Allocating this fund helps support the achievement of government policy and the Tertiary Education Strategy.
A TEO that receives SAC funding is required to:
- comply with the requirements of the Act (including achieving outcomes specified in its Investment Plan), and
- comply with the funding conditions specified in the TEO's Investment Plan funding approval letter.
If a course is approved as eligible for SAC funding, students enrolled in the course may be eligible for student allowances and the Student Loan Scheme.
For more information, see Approving a qualification for student allowances and the Student Loan Scheme on the Qualifications and courses page.