Funding and payments

Funding and payments

Last updated 30 November 2017
Last updated 11/30/2017

How Equity funding is set and payments are made. Also includes funding calculation and funding recovery information. 

Funding

The funding mechanism for Equity funding is issued by the Minister responsible for tertiary education. The funding mechanism outlines the general form and essential components of the fund. It provides the mandate for us to allocate the funding and what the funding can be used for, and details how we administer the fund.

Funding is agreed through a tertiary education organisation’s (TEO’s) Investment Plan (Plan). A TEO that receives Equity funding is required to:

TEOs set participation and achievement rates for Māori and Pasifika students as part of their Plan. We expect each TEO to support Māori and Pasifika students to achieve at the same rates as other students in:

  • participation in tertiary education
  • retention
  • completion rates, and
  • progression to higher levels.

A TEO's Plan should address its engagement with Māori and Pasifika students, and their communities, to successfully transition students from secondary school into tertiary education.

 

Funding calculation

Equity funding for Māori and Pasifika students is calculated separately from Equity funding for students with disabilities.

Māori and Pasifika students

Equity funding for Māori and Pasifika students is based on a TEO's December Single Data Return (SDR) from the previous year. We use SDR-reported Māori and Pasifika equivalent full-time students (EFTS) to calculate the funding.

The funding should be used specifically for the learner type it is allocated to.

Funding rate

Fund type Qualification levels Rate per EFTS (excl. GST)
Student Achievement Component (SAC)
levels 1 and 2

levels 1-2

$0.00
SAC level 3 and above

levels 3-4

 

$0.00

 


level 5-6

$133.33 

level 7

$320.00 

level 8 and above

$444.44

Students with disabilities 

Equity funding for students with disabilities is allocated at a set rate per SAC-funded EFTS agreed in the Plan of a tertiary education institution (TEI).

The funding should be used specifically for students with disabilities.

Funding rate

Fund type Qualification levels Rate per EFTS (excl. GST)
SAC levels 1 and 2 (competitively allocated) levels 1-2 $28.60
SAC levels 1 and 2 (non-competitively allocated) levels 1-2 $28.60
SAC level 3 and above level 3 and above $28.60

Payment

Equity funding is paid in equal monthly instalments from January to June, and in equal monthly instalments from July to December.

Funding recoveries

If you receive Equity funding that is greater than it should have been, or that you were not entitled to receive, we will recover the extra funding.

See: Condition: Repayment of Equity funding.

Suspending or revoking Equity funding

Under section 159YG of the Education Act 1989 (the Act), we may suspend or revoke some or all funding given under section 159YA of the Act if we are satisfied on reasonable grounds that:

  • the TEO has not complied, or is not complying, with a condition on which funding has been given under section 159YA of the Act, or
  • the TEO has not provided, or is not providing, adequate and timely information required by the TEC or Ministry of Education under section 159YC of the Act.   

If a TEO has its funding approval revoked in accordance with section 159YG of the Education Act 1989, the unspent portion of funding is repayable to us (see Condition: Suspension or revocation of Equity funding).