Student Achievement Component

Payment

From 2011 SAC[1] funding will no longer be paid to TEOs[2] in 12 equal monthly payments. Information on the payment schedules for each sub-sector is listed below.

For more information please see the website update on Changes to Calendar Year Baselines.

Information for Universities

• Equal monthly payments from January to June 2011 will make up 50.01% of each University's annual funding allocation.
• The remaining 49.99% will be paid through equal monthly payments from July to December 2011.

Information for ITPs[3]

• Equal monthly payments from January to June 2011 will make up 50.03% of each ITPs annual funding allocation.
• The remaining 49.97% will be paid through equal monthly payments from July to December 2011.

Information for Wananga

• Equal monthly payments from January to June 2011 will make up 49.97% of each Wananga's annual funding allocation.
• The remaining 50.03% will be paid through equal monthly payments from July to December 2011.

Information for PTEs[4]

• Equal monthly payments from January to June 2011 will make up 50.60% of each PTE's annual funding allocation.
• The remaining 49.40% will be paid through equal monthly payments from July to December 2011.

• [1]

  Student Achievement Component fund (SAC)

• [2]

  Tertiary education organisation (TEO)

• [3]

  Institutes of technology and polytechnics (ITPs)

• [4]

  Private training establishments (PTEs)