Abstract
This study examined the factors that encouraged and influenced the intention to make repayment of education loan, National Higher Education Fund Corporation (PTPTN) in Malaysia. The study adapted the Theory of Reasoned Action (TRA) based on the study of Fishbein and Ajzen (1980) whose aim was mainly to predict the attitudinal influence and behavioural intention. In order to investigate people's thinking process that leads to the decision of repayment, the study would be a descriptive study based on 300 participants who graduated from one of the public universities in Malaysia. The correlation analysis resulted from this study confirmed previous researchers' observations that linked higher educational loan repayment commitments with a higher ability to predict attitudinal influence and behavioural intention. The results suggested that among the three factors namely; attitude towards education loan repayment; perception of affordability of loan repayment that affects the quality of life after graduation, and perception towards loan agreements were the most important predictors of repayment of education loan management. The findings from this study could assist the National Higher Education Fund Corporation (PTPTN) to understand further their borrower insights in paying back loans owed. The knowledge can also assist policymakers to understand better specific strategies, approaches and other relevant matters in making sure that borrowers comply with the repayment conditions while not being a burden to both government and the public. Key words: Education loan repayment, Theory of reasoned action, attitudinal influence, and behavioural intention.
Highlights
There seem to be a never-ending debate over the National Higher Education Fund Corporation (PTPTN) student loans whether it is a burden or a blessing towards students in Malaysia
As more and more new higher education establishments are emerging in Malaysia in the form of public and private institutions, there are more opportunities created for students to enroll themselves to pursue higher or tertiary education level
The findings can be useful for PTPTN regarding revealing factors that influence the behaviour and attitude of graduates towards repayment of loans so that the PTPTN better understands the problems of non-repayment of educational loan among Malaysian student clients
Summary
There seem to be a never-ending debate over the National Higher Education Fund Corporation (PTPTN) student loans whether it is a burden or a blessing towards students in Malaysia. The ever-increasing number of enrollment in both public and private institutions indicates that the trend is growing year by year. This result is primarily due to the large number of student loans provided by the National Higher Education Fund Corporation (PTPTN) (Zainal and Ismail, 2012). The increase in some students and higher learning institutions has resulted in a shortage of scholarships that are available to the students by the relevant agencies This has created a gap solved only by the government providing education loans to the students. Step: A Simple Guide and Reference 11.0 Update, George D. and P.
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