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.
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