Micro-credentials funding and fees

Micro-credentials funding and fees

Last updated 14 December 2021
Last updated 14 December 2021

This page provides the information and guidance you need to apply for approval to use Tertiary Education Commission (TEC) funding for micro-credentials, and, the fee limit.

Funding for micro-credentials

We want to invest in highly capable tertiary education organisations (TEOs) that can deliver well-designed micro-credentials to meet the needs of learners, communities, and industries, and support government priorities.

Our investment in micro-credentials will complement rather than displace existing privately funded training. Alongside those we fund, we expect employers, industries, and learners will continue to cover the full cost of many micro-credentials themselves. 

Eligible organisations

All TEOs eligible for Student Achievement Component (SAC) or Industry Training Fund (ITF) funding are eligible to apply for funding to deliver micro-credentials.

We will assess how proposed micro-credentials will contribute to achieving government priorities, and consider TEO capability and any associated risks when making funding decisions.

Read the guidance below for more information.

How to apply

Information about how to apply is set out in the application guidelines. The guidelines for funding short learning packages below also provide information on what micro-credentials we are likely to fund. Please read both sets of guidelines carefully and submit your completed application using Workspace 2.

You can apply at any time. We will assess approval requests at the beginning of each month.

If you are thinking about delivering a micro-credential using TEC-funding, your first step should be to contact your Relationship Manager or our Customer Contact Group.

Fee Limit on Micro-Credentials

From 1 January 2021, the maximum that you can charge for micro-credential fees is $60 (GST inclusive) per credit, if they are approved for TEC funding. This includes both new and existing micro-credentials.

You may seek an exception to this by applying through our micro-credential fee limit exception process.

You would need to provide evidence that the micro-credential has:
Higher actual and reasonable costs: you would need to demonstrate that the fee cap makes it financially unsustainable to offer the micro-credential, in terms of the costs of delivering the micro-credential, and that there are no satisfactory alternatives to limit costs. This will take into account the total income that the micro-credential would receive from both government funding and fees.

Strong industry need: you must provide evidence that there is strong support from industry and/or employers to deliver the micro-credential and that this clearly meets industry and/or employer needs.

How to apply for an exception to the fee limit

Information about how to apply is set out in the application request form. Please read the instructions carefully.

Application Form – Exception to the Fee Limit on Micro-Credentials (Word, 263 Kb)

If you are seeking funding for your micro-credential, and, seeking an exception to the fee limit, you will need to submit both a funding application (form above in the previous section) and an exception to the fee limit application.

If you already receive funding for your micro-credential and are only seeking an exception to the fee limit, you will only need to submit an exception to the fee limit application.

Please submit your completed application to TEO Micro-Credential mailbox.

Shifting more of your existing funding to approved Micro-credentials

For information and guidelines on shifting more of your existing funding to approved short learning packages, including micro-credentials, please refer to ‘non-qualification based components of a programme’ information on our website.