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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
Subjects:	Loan repayment anxiety parental influence media awareness religiosity
Online Access:	http://ddms.usim.edu.my:80/jspui/handle/123456789/18102
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id	my.usim-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	13.211869

Determinant Factors of Student's Perception Toward Educational Loan Repayment

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