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This Pod has been archived and is no longer updated. For recent information on VET-related topics, access the current Pod Network or search VOCEDplus. Last updated: December 2018.
The central aim of the vocational education and training (VET) system is to develop skills for individuals, the community and the economy of a country. This task requires adequate levels of funding and financing which can come from various sources including governments, industry and households. Financial aspects of the VET sector are of ongoing interest to policy makers; these aspects are required for accountability and to inform policy development. Research in this area provides a more complete picture of the sources, impacts and destinations of funding, including effects on public and private training markets. Calculations of the return on investment to education and training are also a central focus; in turn, this research improves understanding of the efficiency and effectiveness of VET and higher education systems.
Research
Access items in VOCEDplus
- Demand driven system
- Fee deregulation
- Funding - private vs public providers
- Global financial crisis
- Training investment
- Training market
- TVET in the Pacific
- VET FEE-HELP
Recent publications
- A National Learning Entitlement: moving beyond university tuition fees [UK]
- Avoiding regulatory responsibility and its impact on student loan programs: how to really understand the Education Legislation Amendment (Provider Integrity and Other Measures) Bill 2017 [Australia]
- Degrees with less debt: effective higher education strategies for underrepresented student populations [US]
- Eight economic facts on higher education [US]
- Financial incentives for steering education and training [OECD countries]
- Getting student financing right in the US: lessons from Australia and England
- Investing in tertiary education assets [New Zealand]
- Lessons from Chile's transition to free college
- Local labor markets and human capital investments [US]
- Money counts, but so does timing: public investment and adult competencies [OECD countries]
- Risk-sharing and student loan policy: consequences for students and institutions
- Testing the limits of the price elasticity of potential students at colleges and universities: has the increased direct cost to the student begun to drive down higher education enrolment? [US]
Resources
General
- Australian TAFE teacher (journal)
- Education GPS - Finance & Funding (OECD)
- European Social Fund
- Funding from the Australian Federal government - Commonwealth budget
- Financial Incentives (Canadian Apprenticeship Forum)
- Financing training (Cedefop) [European Union]
- Higher Education and Research Reform Amendment Bill 2014 [Australia]
- Higher Education Funding Council for England (HEFCE)
- National Fund for Workforce Solutions [US]
- Putting Your Major to Work: Career Paths after College [US]
- Skills Funding Agency [England]
- Tertiary Education Commission [New Zealand]
- The sticker price of college (infographic - CAPSEE) [US]
- Understanding college affordability (Urban Institute) [US]
- VET FEE-HELP [Australia]
- VET student loans application for additional courses from listed and not-for-profit providers (Fact sheet)
Statistical
Suggested reading
Key research from a broad date range
- Global economic benefits of investment in vocational education and training: summary report
- How much do tertiary students pay and what public support do they receive? [OECD countries]
- International investment models for tertiary education [OECD countries]
- University funding explained [UK]
- VET FEE-HELP redesign: regulation impact statement [Australia]
- VET funding in Australia: background, trends and future directions
- VET Funding Review: final report [Mackenzie review] [Victoria, Australia]
- Young adults, student debt and economic well-being [US]