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An Exploratory Study Of Parental Savings For Higher Education

The cost of higher education (HE) has increased dramatically in recent years especially in private universities. At the same time, very limited amounts of government's scholarships and loans available for pursuing HE. One of the alternative for financing sources is parental saving. However, it...

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Main Authors: Noraina Mazuin Sapuan, Azlina Abdullah, Nor Hamisham Harun
Format: Article
Language:English
Published: Universiti Sains Islam Malaysia 2015
Subjects:
Higher education savings
Parents
Saving behavior
Online Access:http://ddms.usim.edu.my/handle/123456789/9019
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spelling my.usim-90192015-08-13T04:15:48Z An Exploratory Study Of Parental Savings For Higher Education Noraina Mazuin Sapuan Azlina Abdullah Nor Hamisham Harun Higher education savings Parents Saving behavior The cost of higher education (HE) has increased dramatically in recent years especially in private universities. At the same time, very limited amounts of government's scholarships and loans available for pursuing HE. One of the alternative for financing sources is parental saving. However, it has been reported that there is low awareness level among parents on the importance of saving for their children HE. This study attempts to explore on parental saving for children's HE among parents based on their different demographic characteristics. A convenient sampling method was applied to conduct a survey among parents in Pahang. This study measures two variables: first, parents' savings behavior, and second, savers' confidence level in continuing their savings for children's HE. The Findings of this study revealed that many parents aware of the importance to start saving for their children HE since their early childhood. There is a positive correlation between savings behavior with respondents' income level, value of assets owned, occupation, level of education and confident level. The result also revealed that the savers' confidence level is positively correlated with income level, occupation, saving behavior, education level and value of assets owned. Its is hoped that the findings from this study will give directions for additional research parental savings for HE, of which there is currently very little especially in Malaysia. 2015-08-11T03:42:34Z 2015-08-11T03:42:34Z 2011 Article 1823075X http://ddms.usim.edu.my/handle/123456789/9019 en JMIFR-Vol.8, No.1, 2011; 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 Higher education savings
Parents
Saving behavior
spellingShingle Higher education savings
Parents
Saving behavior
Noraina Mazuin Sapuan
Azlina Abdullah
Nor Hamisham Harun
An Exploratory Study Of Parental Savings For Higher Education
description The cost of higher education (HE) has increased dramatically in recent years especially in private universities. At the same time, very limited amounts of government's scholarships and loans available for pursuing HE. One of the alternative for financing sources is parental saving. However, it has been reported that there is low awareness level among parents on the importance of saving for their children HE. This study attempts to explore on parental saving for children's HE among parents based on their different demographic characteristics. A convenient sampling method was applied to conduct a survey among parents in Pahang. This study measures two variables: first, parents' savings behavior, and second, savers' confidence level in continuing their savings for children's HE. The Findings of this study revealed that many parents aware of the importance to start saving for their children HE since their early childhood. There is a positive correlation between savings behavior with respondents' income level, value of assets owned, occupation, level of education and confident level. The result also revealed that the savers' confidence level is positively correlated with income level, occupation, saving behavior, education level and value of assets owned. Its is hoped that the findings from this study will give directions for additional research parental savings for HE, of which there is currently very little especially in Malaysia.
format Article
author Noraina Mazuin Sapuan
Azlina Abdullah
Nor Hamisham Harun
author_facet Noraina Mazuin Sapuan
Azlina Abdullah
Nor Hamisham Harun
author_sort Noraina Mazuin Sapuan
title An Exploratory Study Of Parental Savings For Higher Education
title_short An Exploratory Study Of Parental Savings For Higher Education
title_full An Exploratory Study Of Parental Savings For Higher Education
title_fullStr An Exploratory Study Of Parental Savings For Higher Education
title_full_unstemmed An Exploratory Study Of Parental Savings For Higher Education
title_sort exploratory study of parental savings for higher education
publisher Universiti Sains Islam Malaysia
publishDate 2015
url http://ddms.usim.edu.my/handle/123456789/9019
_version_ 1645152520862957568
score 13.211869

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