Competitive SAC funding to be stopped

Competitive SAC funding to be stopped

Last updated 1 March 2018
Last updated 03/01/2018

Today, Education Minister Hon Chris Hipkins, announced the Government will end competitive allocations of funding at New Zealand Qualification Framework levels 1 to 4. This change seeks to give providers greater funding certainty, so they can focus more on the students.

“It removes uncertainty and will enable providers to properly plan and develop programmes, build tutor capacity and focus on what they do best – improving the quality of outcomes for New Zealand’s learners,” Mr Hipkins said.

The change affects all Student Achievement Component (SAC) funding at levels 1 and 2, as well as funding at levels 3 and 4 for courses focusing on agriculture, horticulture and viticulture.

Funding from 2019 will be allocated through the 2018 Investment Plan process.

The TEC and the Ministry of Education are working on transition arrangements, which will be confirmed following Budget 2018. TEC will provide more information to providers post Budget announcements and over the coming months to assist providers in developing their Investment Plans for 2019-2020 funding.

If you have any questions about what this means for your organisation, please contact your Investment Manager.

Hon Chris Hipkins Media Release