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TEC to run assessment process for funding

3 August 2006

TEC to run assessment process for funding

The Tertiary Education Commission is to hold an assessment process this year for funding for providers affected by the recent student loans and allowances policy change.

This will allow for the 43 non-Student Component funded PTEs, whose access to Student Loans and Allowances is to be withdrawn from January 2007, to apply for government funding.

Following the Budget decision, the Tertiary Education Commission has been in contact with affected providers to consider the options for implementing the policy.

“This will ensure that affected PTEs have an opportunity to apply for Student Component funding and ensure good quality, relevant provision is not lost,” says TEC’s Acting Policy and Advice Group Manager James Turner.

Providers who wish to apply for government funding through this process will be required to provide evidence to demonstrate provision of high quality and relevant education.

Further information on the assessment process will be made available to affected PTEs in the next few weeks. Final decisions about which provision will be subsidised in 2007, will be confirmed later this year.

ENDS

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