Extra $128m for cash-strapped universities, institutions

New Zealand Education Minister Jan Tinetti and Finance Minister Grant Robertson have announced an extra NZ$128 million (US$78 million) in funding for universities and tertiary education institutions, reports RNZ.

The additional funding will be invested to increase tuition subsidies at degree level and above by a further 4% in 2024 and 2025. This was in addition to the 5% increase provided at Budget 2023, which the government said was the most significant funding increase in 20 years.

“The government has heard the concerns of the sector,” Tinetti said. “When we began our Budget process, universities and other degree providers were forecasting enrolment increases. The opposite has occurred, and it is clear that there is a need for additional support.”
Full report on the RNZ site