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Type :thesis
Subject :LB Theory and practice of education
Main Author :Tan Xiao Fang
Title :Analysis of parental saving on children's tertiary education
Place of Production :Tanjong Malim
Publisher :Fakulti Pengurusan dan Ekonomi
Year of Publication :2021
Notes :with cd
Corporate Name :Universiti Pendidikan Sultan Idris
PDF Guest :Click to view PDF file

Abstract : Universiti Pendidikan Sultan Idris
The purpose of this study is to analyze parental savings for children’s tertiary education. This  study used  a  questionnaire set  as  the  research  instrument  and  purposive  sampling  method had been adopted for data collection purposes. A total of 392 respondents; which were   comprised  of  parents  with  children  at  tertiary  education  level  participated  in  this  study.  Data  were  analyzed  through  mean,  frequency,  percentage,  multiple  regression  analysis  tests  and  were  processed  by  using  SPSS  software  version  23.    The  results  showed, there is no significant difference between number of parents who make savings and the  number of parents who do not make savings for their children’s tertiary education. In addition, own  savings accounts were identified as the most popular medium of savings among the parents. The  findings of multiple regression analysis showed that; income (β= 0.179, p = 0.001), people  surrounding (β = 0.392, p = 0.000), expectation (β = 0.364, p = 0.000)  and  institutions  (β  =   0.146,  p  =  0.014)  factors  were positively and  significantly related to parental saving.   Meanwhile, only awareness (β = 0.047, p = 0.328) factor was found  to  be  insignificant.  In   conclusion,  all  parties  should  work  together  to  increase public awareness in recognizing the  importance of making savings as early as possible to ensure sufficient savings to cover the cost of  children’s tertiary education. Bank and non- bank institutions can offer attractive and affordable   schemes to enable parents to make loans  according  to  their  ability.  The  findings  of  this   study  may  provide  successful implications to parental awareness on the importance of financial  planning and adequate savings to fund their children tertiary education.

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