The Commonwealth Government has released the formula by which funding will be determined for future undergraduate places. The four components are:
While these metrics will be rolled up to university level, our contribution will be important. Our undergraduate degrees typically do well in several of these areas. For example our B.Ed sits above the national benchmarks in student satisfaction and graduate employment. Retention and equity are areas for more focused analysis, which we will undertake with the Associate Deans and PMs over the coming months.
For those with an interest in the details of this funding, the following Technical Note provides more information.