Present component of further education (4)
I believe the answer is:
here
'present' is the definition.
(both can mean in attendance)
'component of further education' is the wordplay.
'component of' indicates a hidden word (I've seen this in other clues).
'HERE' is hidden within 'further education'.
(Other definitions for here that I've seen before include ""___ be dragons" (old map inscription?)" , "In attendance" , "In this place - present" , "The present location" , "Present; I say!" .)