Key features of the performance-linked funding framework for the Student Achievement Component-funded sector
The performance of each Student Achievement Component (SAC)-funded tertiary education organisation (TEO) is measured at four grouped New Zealand Qualifications Framework (NZQF) levels: 1 - 2, 3 - 4, 5 - 6 and 7 - 8. In order to create a level playing field, performance-linked funding treats all TEOs in each grouped qualification level the same.
TEOs performing above the 50th percentile in each grouped qualification level continue to receive 100 percent of their funding.
A maximum of 5% of a TEO's funding, at each of the grouped qualification levels, is based on the TEO's performance in the previous year(s) against up to four of the following Educational Performance Indicators.
Qualification completion rate: this measures successful qualification completions as a proportion of total enrolments in a given year.
Course completion rate: this measures successful course completions as a proportion of course enrolments in a given year.
Retention (completion/continuation): this measures the proportion of students in a given year that complete a qualification, or re-enrol at the same organisation in the following year.
Progression: this measures the proportion of students who progress to a higher level of study after completing a qualification in the previous year.
These performance indicators have been selected for performance-linked funding as they are a good indication of a TEO's performance in relation to the educational achievement of its students.
Further details of how performance-linked funding for SAC funded TEOs will work. These include details on weightings, performance scores, and thresholds.
5 November 2015
5 November 2015