Funding and payments

Funding and payments

Last updated 17 March 2017
Last updated 03/17/2017

This page sets out funding and payment information for the Adult Literacy Educator (ALE) Fund.

Funding

The Literacy and Numeracy funding mechanism is issued by the Minister for Tertiary Education, Skills and Employment. The funding mechanism outlines the general form and essential components of the fund. It provides the mandate for the TEC to allocate the funding, what the funding can be used for, and details how we administer the fund.

We fund Adult Literacy Educator grants through a tertiary education organisation's (TEO) Investment Plan (Plan) (i.e. it is on-Plan funding).

A TEO that receives Adult Literacy Educator funding is required to:

Funding rate

We allocate Adult Literacy Educator funding to a TEO on the basis of a specified number of places in programmes leading to literacy and numeracy qualifications at level 5 on the NZQF. 

The funding rate is $2,000 per learner, as a grant to contribute to the learner's fees. 

Payment

Payments are made in equal monthly instalments.

Funding recoveries

Minimum achievement levels

A minimum of 80 percent of learners must complete 40 credits towards an approved adult literacy educator qualification over a 12-month period.

Where the 80 percent threshold is not met, we recover funding.

Recovery is based on the dollar value of the difference between the percentage of completions achieved within the 12-month timeframe, and approved funding (100 percent).

We also recover funding if the TEO does not meet a condition of funding set out in its funding approval documentation.