Analysis of parental saving on childrens tertiary education

The purpose of this study is to analyze parental savings for childrens tertiary education.This study used a questionnaire set as the research instrument and purposive samplingmethod had been adopted for data collection purposes. A total of 392 respondents; which werecomprised of parents with childre...

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Main Author:	Tan, Xiao Fang
Format:	thesis
Language:	eng
Published:	2021
Subjects:	LB Theory and practice of education
Online Access:	https://ir.upsi.edu.my/detailsg.php?det=6811
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institution	Universiti Pendidikan Sultan Idris
collection	UPSI Digital Repository
language	eng
topic	LB Theory and practice of education
spellingShingle	LB Theory and practice of education Tan, Xiao Fang Analysis of parental saving on childrens tertiary education
description	The purpose of this study is to analyze parental savings for childrens tertiary education.This study used a questionnaire set as the research instrument and purposive samplingmethod had been adopted for data collection purposes. A total of 392 respondents; which werecomprised of parents with children at tertiary education level participated in thisstudy. Data were analyzed through mean, frequency, percentage, multiple regressionanalysis tests and were processed by using SPSS software version 23. The resultsshowed, there is no significant difference between number of parents who make savings and thenumber of parents who do not make savings for their childrens tertiary education. In addition, ownsavings accounts were identified as the most popular medium of savings among the parents. Thefindings of multiple regression analysis showed that; income (= 0.179, p = 0.001), peoplesurrounding ( = 0.392, p = 0.000), expectation ( = 0.364, p = 0.000) and institutions ( =0.146, p = 0.014) factors were positively and significantly related to parental saving.Meanwhile, only awareness ( = 0.047, p = 0.328) factor was found to be insignificant. Inconclusion, all parties should work together to increase public awareness in recognizing theimportance of making savings as early as possible to ensure sufficient savings to cover the cost ofchildrens tertiary education. Bank and non- bank institutions can offer attractive and affordableschemes to enable parents to make loans according to their ability. The findings of thisstudy may provide successful implications to parental awareness on the importance of financialplanning and adequatesavings to fund their children tertiary education.
format	thesis
qualification_name
qualification_level	Master's degree
author	Tan, Xiao Fang
author_facet	Tan, Xiao Fang
author_sort	Tan, Xiao Fang
title	Analysis of parental saving on childrens tertiary education
title_short	Analysis of parental saving on childrens tertiary education
title_full	Analysis of parental saving on childrens tertiary education
title_fullStr	Analysis of parental saving on childrens tertiary education
title_full_unstemmed	Analysis of parental saving on childrens tertiary education
title_sort	analysis of parental saving on childrens tertiary education
granting_institution	Universiti Pendidikan Sultan Idris
granting_department	Fakulti Pengurusan dan Ekonomi
publishDate	2021
url	https://ir.upsi.edu.my/detailsg.php?det=6811
_version_	1747833314372222976
spelling	oai:ir.upsi.edu.my:68112022-02-23 Analysis of parental saving on childrens tertiary education 2021 Tan, Xiao Fang LB Theory and practice of education The purpose of this study is to analyze parental savings for childrens tertiary education.This study used a questionnaire set as the research instrument and purposive samplingmethod had been adopted for data collection purposes. A total of 392 respondents; which werecomprised of parents with children at tertiary education level participated in thisstudy. Data were analyzed through mean, frequency, percentage, multiple regressionanalysis tests and were processed by using SPSS software version 23. The resultsshowed, there is no significant difference between number of parents who make savings and thenumber of parents who do not make savings for their childrens tertiary education. In addition, ownsavings accounts were identified as the most popular medium of savings among the parents. Thefindings of multiple regression analysis showed that; income (= 0.179, p = 0.001), peoplesurrounding ( = 0.392, p = 0.000), expectation ( = 0.364, p = 0.000) and institutions ( =0.146, p = 0.014) factors were positively and significantly related to parental saving.Meanwhile, only awareness ( = 0.047, p = 0.328) factor was found to be insignificant. Inconclusion, all parties should work together to increase public awareness in recognizing theimportance of making savings as early as possible to ensure sufficient savings to cover the cost ofchildrens tertiary education. Bank and non- bank institutions can offer attractive and affordableschemes to enable parents to make loans according to their ability. The findings of thisstudy may provide successful implications to parental awareness on the importance of financialplanning and adequatesavings to fund their children tertiary education. 2021 thesis https://ir.upsi.edu.my/detailsg.php?det=6811 https://ir.upsi.edu.my/detailsg.php?det=6811 text eng closedAccess Masters Universiti Pendidikan Sultan Idris Fakulti Pengurusan dan Ekonomi Acemoglu, D. (2003). Why not a political coase theorem? Journal of ComparativeEconomics, 31, 620- 652Acemoglu, D., Johnson, S. & J. Robinson (2006). Institutions as a fundamental cause of long rungrowth. Handbook of Economic Growth 1A, 386-472. Retrievedfromhttps://scholar.harvard.edu/files/alesina/files/cultureandinstitutions_je l_2014.pdfACPf (2014). The African report on violence against children. Addis Ababa: The African child policy forum (ACPf). Retrieved fromhttp://africanchildforum.org/files/AfricanReprotVAC.pdf.Ahmad Mahdzan Ayob (2005). Kaedah Penyelidikan Sosioekonomi. (edisi ke-3). 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Analysis of parental saving on childrens tertiary education

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