A government funding moratorium on new private training providers is likely to hit some IT training ventures.
Tertiary Education Minister Steve Maharey announced the move yesterday, in a review of private training establishments (PTEs).
New private training providers will not be able to access public tuition subsidies and the student loans and allowance schemes until the 2003 academic year.
A ministry spokesman says the moratorium is not subject-specific, so IT organisations may be affected.
It applies to new providers so existing training organisations won’t be affected, he says.
IT training provider Chris Mitchell, who recently launched his Wellington-based Information Technology Institute (see Private post-grad IT course to launch), says the move was expected.
His business is registered with the government and he applied for funding in June, though he still awaits approval.
He says the moratorium does not affect him and “it’s business as usual”.