Tuition subsidy increase for degree-level and above in 2024 and 2025

The tertiary sector will receive a further 4% increase to tuition subsidies at degree-level and above in 2024 and 2025.

An additional $128 million will be invested to help tertiary institutions deliver their strategic plans as agreed by their Councils.

Budget 2023 provided $496 million over four years to increase tertiary and training subsidies by 5%, and $24 million for te reo and mātauranga Māori delivery. This funding, along with the $128 million, will increase subsidies for degree-level and above tertiary delivery by 9 per cent for 2024 and 2025 over and above 2023 levels.

It was also signalled that there will be a review the funding system for the tertiary sector. There will be more information about this work once decisions on the scope and approach for the review are made.

For more information

Visit the Beehive website.

Government provides significant extra support for universities and other degree providers – link)

Last reviewed: Has this been useful? Give us your feedback