Education Policy | Post Primary | Preschool | Primary | Tertiary | Search


Open Polytechnic Funding Agreed

13 September 2004

Media Release: Immediate

Open Polytechnic Funding Agreed

One of New Zealand's largest and fast-growing tertiary institutions (TEIs) has agreed a funding arrangement to enable it to meet the Government's managing growth policy for enrolments.

The agreement between national distance learning provider The Open Polytechnic of New Zealand and the Tertiary Education Commission (TEC) will allow the Polytechnic to exceed the Government's funding cap in 2004 and 2005 and manage its way back within the cap over the subsequent two years.

The managing growth policy was introduced in June 2003 and was implemented as from the beginning of this year. It retrospectively calculated the funding cap for TEI's based on 2002 equivalent full-time students (EFTS).

The Open Polytechnic's enrolments grew rapidly last year due to its new LifeWorks programme proposed in 2002 and launched in February 2003 before the announcement of the funding policy. This resulted in the need for an agreed variation to the funding cap.

The new agreement will allow the Polytechnic to manage its EFTS to meet the requirements of the policy.

Open Polytechnic Chief Executive Paul Grimwood said the agreement was a positive outcome for all parties.

"We understand and support the intent behind the managing growth policy and are committed to operating within its parameters. We prepared for the launch of LifeWorks throughout 2002 and signalled the projected growth at the end of that year. The timing of the policy announcement in mid-2003 and the retrospective basis for calculating allowable EFTS created unintended consequences for us.

"We were confident that a transitional arrangement could be put in place that both recognised our exceptional situation and met the requirements of Government policy. That is what we have now achieved with the TEC."


© Scoop Media

Culture Headlines | Health Headlines | Education Headlines


Scoop Review Of Books: Almost Getting Away With Murder

The Black Widow by Lee-Anne Cartier: Lee-Anne Cartier is the sister of the Christchurch man found to have been murdered by his wife, Helen Milner, after an initial assumption by police that his death, in 2009, was suicide. More>>

Howard Davis: Triple Echo - The Malevich/Reinhardt/Hotere Nexus

Howard Davis: The current juxtaposition of works by Ralph Hotere and Ad Reinhardt at Te Papa perfectly exemplifies Jean Michel Massing's preoccupation with the transmigration of imagery in a remarkable triple echo effect... More>>

Scoop Review Of Books: Nō Tāu Manawa

Vaughan Rapatahana responds to Fale Aitu | Spirit House by Tusiata Avi.

9 Golds - 21 Medals: NZ Team Celebrates As Rio 2016 Paralympic Games Close

The entire New Zealand Paralympic Team, led by kiwi sprinter and double gold medallist Liam Malone as flag bearer, are on the bus to the Maracanã Stadium in Rio de Janeiro for the Closing Ceremony of the Rio 2016 Paralympic Games. There, they will celebrate the fantastic successes of the past 10 days. More>>


New Zealand Improv Festival: The Festival Of Moments To Return To The Capital

The eighth incarnation of the New Zealand Improv Festival comes to BATS Theatre this 4-8 October , with a stellar line-up of spontaneous theatre and instant comedy performed and directed by top improvisors from around New Zealand and the world. More>>


CDF Tim Keating: NZ Somme Centenary

"Our generals also knew what to expect, and they built that knowledge into their planning. Each of the four set-piece attacks was fought with a single brigade, with the expectation that the brigade would be used up. A fresh brigade would then be brought up to conduct the next set-piece..." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news