CHAPTER 1
1.1 Introduction
The discussion in this chapter will explain thoroughly about the background of the study, problem statement and focus on the objectives and followed by the research question in order to get ideas of this study.
1.2 Background of the Study
Beginning on July 1st 1997, the Malaysian government has taken steps to introduce an educational loan offered under National Higher Education Fund Corporation (PTPTN) which can lessen the financial burden. The fund was a step taken under National Higher Education Fund Corporation Act 1997 (566 Act). In addition, there are other financial institutions that also provided educational loan like Baitulmal, MARA, Yayasan Pendidikan Negeri and JPA.
National Higher Education Fund
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The enrolment of student that continues their study had increase from year to year due to the increasing amount of IPTA and IPTS. Thus, the financial institution needs to provide a large amount of fund to finance the student in the IPTA or IPTS. In Malaysia, there are 74 IPTA, 334 IPTS and 28 Polytechnics including several branches; that provide educational loan by selected financial institution. Meanwhile, students who pursue higher level of education and received educational loan will incur 4% of interest. Besides that, most public institutions of higher learning collaborate with PTPTN for the purpose of providing educational loans to the students. In addition, almost more than 2 million students of the IPTA and IPTS are being financed by the PTPTN in order to support their education expenses in the …show more content…
Furthermore, students can learn how to form a good practical so that they can survive a good financial management to repay the PTPTN education loan.
1.8 Limitation of Study
1.8.1 LACK OF PRIOR RESEARCH STUDIES
The time given to complete this research study is only 5 month. Thus, the researcher is not having enough time to providing a good research. Researchers have limited time to gather full information about the education loan repayment.
1.8.2 FINANCIAL LIMITATION
In order to prepare and provide this research, it not be denied that the cost to complete it is quite high, especially on printing, photocopy and questionnaires.
1.8.3 LACK OF COOPERATION
Respondent may not give a correct answer or information and some useful information cannot be obtained.
1.9 Definition of terms
(a) Education: The act and process of acquiring knowledge, systematically during childhood and adolescence.
(b) Loan: An arrangement in which a lender gives money or property to a borrower.
(c) Repayment: The repayment terms can relate to the amount of time that a debt holder has to repay a bond or debt
An Annotated Bibliography Block, Sandra and Dugas, Christine . " Five Proposals to Solve $1 Trillion College Loan Crisis." USA Today. Gannett Satellite Information Network, 21 May 2012. Web.
According to 2007 APA (American Psychology Association) work force data, recent graduates in health service provider subfields had an average debt of $78,360, with 77% facing some debt. Graduate students with a research bent have an average debt of $46,743 and a little more than half having no debt at all. Though there are some PsyD graduates who owe as much as $120,000 in
Thank you for sharing your thought on case 14, the Tuition Reimbursement Program. It is sad that leaders are resorting to disapprove a program that would help subordinate to improve on their career progression. I agree with you on the deontological ethics principle that it is morally and professionally right and leaders are obligated to approve the reimbursement of courses taken if it job related. The military has tuition reimbursement policy or regulation that pays up to 100% of Soldier’s tuition to attain Associate, Bachelor or Master Degree level of education.
I. Policy: Topaz provides tuition reimbursement to supports employee skill development and enhancement. II. Definitions: None. III.
When people think about college student?s financial status, they often think they are going to be broke from student loans. What most people do think about when it comes to college students is credit card debt. And if people do think about it, the students are often blamed for the debt because many people still think they are you kids who are irresponsible when It came to money. In the article, ? The Credit Card Company Made Me Do It? ?
College Education and Student Loan Debt Is a college education worth the student loan debt that accompanies it? Some argue this point but the salaries that come with a college education, with a degree, can pay this debt. The salaries for a person with a degree and college education is higher than those who have not attended college or have a degree (Bielagus).
Thesis: While the cost of college is increasing rapidly and higher each year, leaving with many graduates post incurred debt, it is still deemed necessary for one to pursue and obtain a degree in today’s workforce. I. First Main Point: The constant rise of college tuition A. The increase of college tuition has made it hard for many people to attend, due to the fact is that many who choose to attend has limited or no financial resource.
Many Americans believe they can not graduate college debt free. They, in turn, take out student loans that in the long run will cause debt to pile up. Many statistics show the negative effects of student loans. This helps prove the idea that student loans are, in fact, are a major factor of high levels of debt. Also student loans and debt can be avoided with financial aid programs along with grants and scholarships.
So many successful adults till this day are paying back their college debts. Over the years, some are able to pay back their debts in college and others are not able to and are still struggling, due to having to pay other debts that they may have. In some cases, some people drop out of college just so they will not have to owe so much money, but to drop out for that reason is not good. There are several of ways to stay away from college debt and that is getting scholarships, saving money before going into college, and also attending a community college instead of jumping to a university. College debt is a large amount of money that a college student will have to pay back within a certain amount of years after graduating.
Thereupon, student debt is generally defined as a type of debt
Student loans have always seem to be a controversial topic. Many people are in agreement and disagreement over the opportunity to student loans. Student loans can be a great advantage to many students, but it can also drown them in an immense debt, that will follow them for many years. The more we analyze this perspective, we are able to distinguish the advantages and disadvantages of student loans. There is a variety of perspectives on student loans, some involving annual salaries, interest rates, and commodity.
Student loan debt loads have been spiraling, doubling over the last decade, and the enrollment rates of young people from lower socio-economic groups are rising far slower than middle and upper groups. Governments must recognize the renewed public investment in post secondary education is an economic and social imperative. 6.7 million borrowers in repayment mode are delinquent (Snider 1). The sad fact is that many lenders aren't exactly incentivized to work with borrowers. Unlike all other forms of debt, student loans can't be discharged in bankruptcy.
The biggest problem resulting from the student debt crisis is you hear stories of new graduates who have to stay with their parents so they can cut back on costs in order to pay off their student loan. When you take out student loans to help pay for college, it’s easy to forget that that money will eventually have to be paid back. Student graduates can’t do many things due to these student loans such as buying a home, getting married, or having children. But for right now giving students more information about their debt may help students say no to loans. Borrowing less may make it harder for students to graduate if, for instance, they spend more time working and less time studying.
But I had to face a number of different issues and problems related to the process of this research. The first and foremost problem for me was related to effective management of time in the completion of various activities related to the context. At the beginning stages of the project, I allotted with certain time period and schedule for accomplishment of the work. I started the project with mentionable zeal and enthusiasm. Due to this reason, I took a significant amount of time in the completion of initial part of the work.
2. Examine some of the sales strategies in use, observed at the educational institute that allows them to reach their annual financial goal. 3. Compare and contrast the business strategies used in the educational institute and those depicted in the memoir. a) Examine how the business strategies used in the memoir can be implemented into the educational institute in Bangkok.