Annex — Budget Initiatives

Tertiary Education

Cost Adjustment for Tuition Subsidies

This initiative will provide funding to increase tertiary education tuition and training subsidies to maintain the quality of tuition and training as costs in the tertiary education system (particularly labour costs) increase over time. The increase in per-student subsidies will help ensure delivery by providers remains relevant and responds to students' and employers' needs. The increase strikes a balance between helping providers manage increases in delivery costs but with an expectation that they make effective and efficient investments to maintain quality and sustainability.