Financial management practices of PTPTN loan: a case study of undergraduate non-resident students of UiTM Perak / Norsyamira Morad, Noradila Md Saad and Noraida Che Mat

The researchers examined the financial management practice of PTPTN loan: A case study of undergraduate non-resident students of UiTM Perak. Every year a group of students were indentified as the recipient based on certain guidelines. Majority of them are having financial difficulties due to lack of knowledge on financial management practices. In order to find out the level of financial management practice among them, a study was conducted to identify the factors affecting the financial management practices among undergraduate non-resident (NR) students, the style of expending money and their knowledge and attitude towards the loan agreement. The data were obtained from questionnaire and it is consist of four section which is section A about respondent background, section B about financial management practice, section C about knowledge towards PTPTN loan and lastly, section D about factors that influence financial management on PTPTN. All of these were statistically analyzed using SPSS version 14.0 and Microsoft Excel. The analysis of data revealed that majority of the respondents irregularly practiced financial management. As a whole it can be concluded that respondents know about financial management education but they lack real practices. The key contribution of this study is two significant relationships that is relationship between gender and owned vehicle, and family income and type of loan. The study also, suggests ways to improve the existing problem and provide suggestion for future research. As the conclusion, the researchers found that most of undergraduate non­resident (NR) students at UiTM Perak not practicing good financial management or irregular practicing financial management.