Entrepreneurial Universities

The initiative establishes a competitive fund for co-investment with universities to attract world-leading entrepreneurial academics to New Zealand.  Their skills and experience foster stronger connections with overseas universities, research institutes and businesses.

EPI

Education performance indicator - a group of performance indicators that give a view of how well tertiary providers are helping their students to achieve.

EPIC

Education performance indicator commitment (EPIC).  A group of performance indicators that give a view of how well tertiary providers are helping their students to achieve.

EPIs

Education performance indicators that give a view of how well tertiary providers are helping their students to achieve.

Equity Funding

Equivalent full-time student (EFTS)

One EFTS unit is defined as the learner workload in a single academic year (12-month period) by a learner enrolled full-time. Usually is 120 credits on the New Zealand Qualifications and Credentials Framework (NZQCF).

Executive Leadership Team (ELT)

The Senior Management Team includes the Chief Executive, the Deputy Chief Executives and the Chief Advisor Māori (first and second tier managers).

Fees-free

The Fees-Free Tertiary Education and Training policy was introduced in January 2018. It makes the equivalent of one year tertiary study or training fees-free for new students and trainees.

Financial Monitoring Framework

The Financial Monitoring Framework (FMF) provides an initial assessment of the financial wellbeing of a TEI or TEO.

Financial performance monitoring

The Tertiary Education Commission is required to monitor tertiary education organisations (TEOs) that receive funding from the TEC.