Investing for the future
The Government is boosting funding to the sector to ensure universities can improve the quality of teaching, learning and research.
Boosting funding to help Australia compete
Australia has been a leader in higher education.
But, with our international competitors boosting their resourcing of higher education, Australia must plant the seeds today to maintain our position in the future. That is why the Government is investing $578 million over three years to increase the rate of indexation for higher education funding.
The higher rate of indexation will be phased in. For 2011, higher education providers will receive funding equivalent to the new indexation arrangements being applied to teaching and learning funding, conditional upon institutions agreeing to performance targets. From 2012, the new indexation rate will be applied to all funding components without condition.
These changes will improve funding across learning, teaching and research, reduce pressure to cross-subsidise courses, and improve quality. This will improve the student experience and help Australia compete in an increasingly international market for higher education.
Higher indexation will boost funding over time
