Abstract
This study aims to identify the primary sources of student financing in Higher Education Institutions (HEI). This study uses questionnaires as an instrument for data collection method. A total of 480 samples among the undergraduates in HEIs responded to the questionnaires. Data were analyzed using the descriptive statistics. The results showed that the main source of respondents financing come from scholarships or loans obtained from government or private body, family, part-time work and savings. Sufficient financing sources will have a positive impact on the financial health of the students on campus.
Highlights
Money is indispensable in every aspect of our daily lives, in particular to smooth out the increasingly complex financial activities of this modern world
Based on the above observation, this study aimed to identify the primary sources of student financing in Higher Education Institutions (HEI)
Loans and Scholarships In order to ensure that all groups receive equal education, the government and non-governmental organizations offer scholarship loans and scholarships for students wishing to pursue higher education, such as the National Higher Education Fund Corporation (PTPTN), Ministry of Education, Malaysia (MOE), Public Service Department (JPA) and Majlis Amanah Rakyat (MARA)
Summary
Money is indispensable in every aspect of our daily lives, in particular to smooth out the increasingly complex financial activities of this modern world. Many needs and services cannot be met. Many people agree that money is only an intermediary for the comfort and safety of life, happiness and wellbeing other than to fulfill the physiological needs of living. Students in higher education require more money to cover the cost of study and living in universities as higher education costs in public and private educational institutions are on the rise. According to Haslina, Naimah and Hamzan (2013), this is due to the impact of cost increases, as well as changes in education orientation and financing policy at a higher level. According to Sarah, Aisyah and Hairunnizam (2015) the cost of higher education today is rising and cannot be fully borne by the government. Based on the above observation, this study aimed to identify the primary sources of student financing in HEI
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