Thursday 2 June 2005
TEC announces a new integrated funding system for PTEs The TEC has developed a new integrated funding system for Student
Component Funded Private Training Establishments that will make sure government money is being used to deliver relevant
and quality education and training.
Under the new system, PTEs will receive a baseline funding allocation and an opportunity to apply for additional
funding.
"This will provide high performing PTEs with the opportunity to increase the number of programmes they offer or the
number of students they have in areas of proven relevance and need," said Acting Tertiary Education Commission General
Manager, Colin Webb.
The new baseline funding allocations sent to PTEs this week also included significant reductions for a number of
providers. Dr Webb said it is important to realise that these reductions were made because some providers were not using
their allocations.
"However, the new system allows for PTEs who have been given a baseline allocation reduction to apply for more funding.
They will need to show that any new programme meets the tests of quality and relevance though, and that students will
enrol in it."
PTEs are an integral part of the tertiary education sector with many addressing training needs not met by other tertiary
education providers. There are about 200 private providers receiving approximately $150 million in public funding from
the TEC via the Student Component Fund.
ENDS