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How the funding process works

Here are the basics about how we invest in New Zealand tertiary system – all your "who", "when" and "how" questions answered.
How, who and what we fund
Each year, we invest over $3.3 billion in tertiary education. This page outlines how, who and what we fund.
What is a tertiary education organisation (TEO)?
A tertiary education organisation (TEO) is any organisation that supplies tertiary education and/or training and/or assessment services.
Introduction to the TEC’s investment process
This page describes TEC’s investment process, as well as who’s responsible for each part of the process and what the different stakeholders in the system d…
Our Investment Framework for Learner (Delivery) Funds
This page explains the Tertiary Education Commission’s Investment Framework and what goes into our decision-making, and gives examples of how this works in…
Workplace literacy and numeracy funding