Budget 2016: Universities facing funding cut get one-year reprieve

This year's budget will see universities facing a 20 percent funding cut get an extra year reprieve with reforms delayed until January 1, 2018.

As well as that an additional $1.2 billion in funding will be given to government and non-government schools across the country.

This has been labelled a “watered down” version of the Gonski reforms and falls short of the $4.5 billion Labor has promised.

- Between 2018 and 2020, the Commonwealth will provide additional $1.2 billion in funding for government and non-government schools

- The Government will delay the implementation of the higher education reforms announced in the 2014-15 budget, including fee deregulation by another year.

- Less funding to get poorer students into uni with $152 million cut to higher education participation program.

- Universities overall get $12.3 billion extra funding, a 0.9 percent increase.

- $49.4 billion for research and development

- $8.1 million to boost website helping students pick courses.

- $10.1 million to help Tertiary Education Quality and Standards Agency deal with more enrolments.

- $7 billion loan funding for private college students in 2016-17.

- $10 million national campaign to redesign embattled vocational education and training sector.