Investigating private university students’ intention towards education loan repayment

• Main Authors: Lim, Wen Xi, Pang, Jing Xuan, Tea, Xing Ru, Yong, Zhi Yu
• Format: Final Year Project / Dissertation / Thesis
• Published: 2024
• Subjects: HG Finance; HM Sociology
• Online Access: http://eprints.utar.edu.my/6360/1/Lim_Wen_Xi_Lead.pdf; http://eprints.utar.edu.my/6360/
• Institution: Universiti Tunku Abdul Rahman

This study is carried out to discover the factors affecting university students’ intention towards education loan repayment. The factors affecting the university students’ intention to repay education loan which included student attitude, parental influence, perception toward loan agreements, perception toward life after graduation and financial literacy. Theory of Planned Behaviour, Human Capital Theory and Ability to Pay Theory is applied to explain the independent variables and dependent variable. The undergraduate students in UTAR are selected as targeted respondents in this study which are from Faculty of Business and Finance (FBF), Faculty of Arts and Social Science (FAS) and Faculty of Information and Communication Technology (FICT), with an aim to collect at least 138 of the questionnaire survey respondents. The data would be analysed using IBM SPSS Statistic version 29.0.0.0. The questionnaire data were analyzed utilizing descriptive analysis, reliability test, normality test, multicollinearity test, Pearson's correlation coefficient and multiple regression analysis. The findings suggest that the independent variables of student attitude, parental influence, and perception towards life after graduation have a positive relationship with university students’ education loan repayment intention. According to R square, 54.3% of UTAR Kampar campus student’ intention to repay the education loan can be explained by student attitude, parent influence, perceptions toward loan agreement, perception of life after graduation and financial literacy. This research additionally addresses the research's shortcomings and recommendations so that future researchers can acquire a better knowledge of UTAR students' intentions regarding education debt repayment.