The Government is providing an additional $128 million to tertiary education providers, for degree level and above courses, over the next two years – $64 million in 2024 and the same in 2025.

Budget 2023 provided an additional $496 million, over four years, to increase tertiary and training subsidies by 5 percent. Budget 2023’s increase in funding, together with today’s extra $128 million, will increase subsidies for degree-level and above tertiary delivery by 9 per cent for 2024 and 2025 over and above 2023 levels.

The Ministry of Education and the Tertiary Education Commission (TEC) are currently working to update the Delivery on the New Zealand Qualifications and Credentials Framework at Levels 7 (degree) and above funding determination. More information will be available once this has been reissued for consultation. 

This funding will help maintain the quality and breadth of higher education offerings and institutional research capability.

Further details are available on the Beehive website