Determinant Factors of Student's Perception Toward Educational Loan Repayment

The issue of unpayable educational loan that lead to student’s defaults has become a worrying trend all over the world. This research aims to examine the relationship of anxiety, parental influence, media awareness, and religiosity on student’s perception on educational loan repayment. A survey app...

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Main Authors: Siti Zulaika Zolkeplee, Abu Bakar Hamed, Ahamad Faosiy Ogunbado
Format: Article
Language:English
Published: Universiti Sains Islam Malaysia 2019
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Online Access:http://ddms.usim.edu.my:80/jspui/handle/123456789/18102
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spelling my.usim-181022019-04-16T08:09:27Z Determinant Factors of Student's Perception Toward Educational Loan Repayment Siti Zulaika Zolkeplee Abu Bakar Hamed Ahamad Faosiy Ogunbado Loan repayment anxiety parental influence media awareness religiosity The issue of unpayable educational loan that lead to student’s defaults has become a worrying trend all over the world. This research aims to examine the relationship of anxiety, parental influence, media awareness, and religiosity on student’s perception on educational loan repayment. A survey approach has been adopted to investigate student’s perception on educational loan repayment in Universiti Utara Malaysia. The data for this study were collected via structured questionnaires which were completed by 359 undergraduate Muslim’s students who acquire their financial loan from National Higher Education Fund Corporation (NHEFC). The data were then quantitatively analyzed using SPSS program. The findings of Pearson’s correlation showed a positive correlation between student’s perception towards educational loan repayment and religiosity, parental influence, media awareness, and anxiety. Further analysis using a multiple regression indicated that all independent variables explained 32.9 per cent of student’s perception on educational loan repayment. The result again indicated that religiosity and parent’s influence are most influential factors on student’s perception towards educational loan repayment. Whilst, media awareness slightly contributed to student’s perception towards educational loan repayment and anxiety gave no impact. The result implied that the Ministry of Education may design the syllabus in school and university curricular by adding the value of responsibility in loan repayment especially in religious and moral subjects. Besides, the Ministry Education of Malaysia are also urged to use media to disseminate the information regarding the importance for students to make loan repayment to parents as well as students. The collection of student loan then can be used for the next generation in financing their study which could result the prosperity of nation. 2019-04-16T08:09:27Z 2019-04-16T08:09:27Z 2018-06 Article http://ddms.usim.edu.my:80/jspui/handle/123456789/18102 en Universiti Sains Islam Malaysia
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language English
topic Loan repayment
anxiety
parental influence
media awareness
religiosity
spellingShingle Loan repayment
anxiety
parental influence
media awareness
religiosity
Siti Zulaika Zolkeplee
Abu Bakar Hamed
Ahamad Faosiy Ogunbado
Determinant Factors of Student's Perception Toward Educational Loan Repayment
description The issue of unpayable educational loan that lead to student’s defaults has become a worrying trend all over the world. This research aims to examine the relationship of anxiety, parental influence, media awareness, and religiosity on student’s perception on educational loan repayment. A survey approach has been adopted to investigate student’s perception on educational loan repayment in Universiti Utara Malaysia. The data for this study were collected via structured questionnaires which were completed by 359 undergraduate Muslim’s students who acquire their financial loan from National Higher Education Fund Corporation (NHEFC). The data were then quantitatively analyzed using SPSS program. The findings of Pearson’s correlation showed a positive correlation between student’s perception towards educational loan repayment and religiosity, parental influence, media awareness, and anxiety. Further analysis using a multiple regression indicated that all independent variables explained 32.9 per cent of student’s perception on educational loan repayment. The result again indicated that religiosity and parent’s influence are most influential factors on student’s perception towards educational loan repayment. Whilst, media awareness slightly contributed to student’s perception towards educational loan repayment and anxiety gave no impact. The result implied that the Ministry of Education may design the syllabus in school and university curricular by adding the value of responsibility in loan repayment especially in religious and moral subjects. Besides, the Ministry Education of Malaysia are also urged to use media to disseminate the information regarding the importance for students to make loan repayment to parents as well as students. The collection of student loan then can be used for the next generation in financing their study which could result the prosperity of nation.
format Article
author Siti Zulaika Zolkeplee
Abu Bakar Hamed
Ahamad Faosiy Ogunbado
author_facet Siti Zulaika Zolkeplee
Abu Bakar Hamed
Ahamad Faosiy Ogunbado
author_sort Siti Zulaika Zolkeplee
title Determinant Factors of Student's Perception Toward Educational Loan Repayment
title_short Determinant Factors of Student's Perception Toward Educational Loan Repayment
title_full Determinant Factors of Student's Perception Toward Educational Loan Repayment
title_fullStr Determinant Factors of Student's Perception Toward Educational Loan Repayment
title_full_unstemmed Determinant Factors of Student's Perception Toward Educational Loan Repayment
title_sort determinant factors of student's perception toward educational loan repayment
publisher Universiti Sains Islam Malaysia
publishDate 2019
url http://ddms.usim.edu.my:80/jspui/handle/123456789/18102
_version_ 1645154618697580544
score 13.209306