Draft strategy warns of funding drought

Posted By TEU on Oct 1, 2009 |

Tertiary Update Volume 12 Number 33

The minister of education Anne Tolley’s Draft Tertiary Education Strategy 2010-2015 has emphasised that the government intends to ‘exercise restraint on its spending’ during the term of the strategy.

It states government expenditure on tertiary education in New Zealand has increased at an average rate of around 6 percent a year in real terms since 2000. However, with the current tight fiscal environment, the government will be unable to provide significant funding increases to meet the growing demand for tertiary education.

Instead the strategy proposes to focus funding on areas that the government sees as best contributing to economic growth:

“We will need to move funding away from low-quality qualifications (such as those with”  low completion rates or poor educational or labour market outcomes) to fund growth in high-quality qualifications that benefit New Zealanders and contribute to economic growth.”

The strategy indicates that one of the central measures of high value public investment in tertiary education will be an improvement in student completion rates.

Providers will be directed to ‘seek efficiency gains, ensure the qualifications they offer best meet student and employer needs and explore additional sources of revenue’.

While the strategy says that the government is committed to maintaining reasonable fees for students, it will also explore ways of giving providers ‘some additional flexibility’ to raise revenue.

You can read more about the Draft Tertiary Education Strategy at the Government’s Beehive website: http://www.beehive.govt.nz/release/consultation+tertiary+strategy

Also in Tertiary Update this week:

  1. Tertiary institutes follow market signals
  2. Firms to have greater say in public research
  3. Where are all the academics going?
  4. Open Country Cheese attracts international opprobrium
  5. Ako Aotearoa wants more reflective teaching
  6. UK Universities face fines for too many students

TEU Tertiary Update is published weekly on Thursdays and distributed freely to members of the Tertiary Education Union and others. You can subscribe to Tertiary Update by email or feed reader. Back issues are available on the TEU website. Direct inquiries should be made to Stephen Day, email: http://scr.im/stephenday

Print Friendly, PDF & Email