eiyna menulis lagi..

Dah lame saya x update my diary nih..since saya blk kg raya aji ari tu…I spent almost 2 weeks kat kg…so many things saya buat kat kg..2hari b4 raye haji saya pergi umah abah saya kat Bukit Mertajam,Penang..it was a big day for my only bro..he will be engaged wif his pilihan hatinye…it means that I will have sis in law x lame lagi..mengikut kata abg saya he will be kawen ngn his fiancé nex year..ujung tahun maybe…wahhh…I’m being the first cousin dlm my family yang akan dapat kakak ipar…hebat sunnguh my bro..x sbr2 nk kawen..sgt gatal like his adik..hihiii….

Cerite pasal kg..saya suke blk kg...even xde shoppin mall o wut so ever but i really njoy n happy kat sane..mix around wif family (get closer)

Saye terpakse blk melaka har sabtu hari tu sbb my boss sudah callin2 soh blk submit sales..hahaaa…terpakse la dgn berat hati mengglkan kg halamn yg sungguh menyeronokkan(kerana d sana saya hanya goyang kakai smabil bersuke ria)...nnt sambung agi

New Year Kick Off 2009

yesterday on 2nd dec 2008, i was attending NYKO 2009 held by CIMB Wealth Advisors Bhd at Dewan Felda Perdana KL..i went there with Carol (our Mlaca Branch Manager) n 3 of my frenz (UT Consultant too)..The participants including CEO,CMO (All BOD la),Group Agency Manager(GAM), Agency Manager(AM),Assistant Supervisors(AS) and Unit Trust Consultant(UTC)..The purpose why we all hv to be there altoghter with all The other Champions is because our company will be launching some gud news to all of us for the next 2009...News that will encourage us to work smart n work hard to be the champions and grab all the opportunities and hadiah2 yg sgt lumayan n menarik...

i was so excited being there..dikelilingi org2 yg berjaya..elegan..gorgeous...confident..freindly..first time saya rase suasana social life org yg dah lame bekerja..sgt jauh bezanya dgn student life...mula2 saya rase mcm uish,bleh ke aku nk bersosial ngn dorg sume ni..but then i realized that once saya dah pilih this field,saya mesti pandai bersosial..adopt resipi2 kejayaan2 dorg...i'm so impressed when i see Akmar (this young lady dah jd jutawan di usia yg sgt muda..kagum2...) with her elegan style, friendly n have a cute face (thats y girls slalu dikatakan senang nk dpt client than boys)...even die dah berjaya but she still bergaul with us like we are freinds yg da knl lame...

One more thg yg buat saya rase sgt bangga is when i see almost 80% participant are malay..means that Malay nowadays dah mula bukak mata n berminat dlm this entrepreneur industry..give us a lot of money when we work smart...

On that day,there were 3 activities had been launched..salah satu nye ialah collaboration between CIMB Wealth advisors with AIA insurance..

Our slogan for the next year 2009 is "Make your Dream Come True"...

Then,one of participant menang sebuah kereta..he can choose either nk persona or gen 2..lucky draw only for them yg berjaya achieved RM60k every month (i think la..x igt sgt..i think more than that la..huhu)..

Lain2 yg di announced kan such as percutian for those yg will achieved some target for the next year ialah bercuti ke macau,hong kong n hokkaido...n also some cash (thousand rggt taw,big amount)..

finish kot citer pasal tht event...after event, mas n i went to midvalley (we asked carol to drop us there)..sementara tggu my fren fetched us up(his name is aswad-sgt2 kindly to us especially me la..hehehe)..jam kt KL membuatkan kitorg kebosanan tahap babas tggu my fren tu..dgn penatnye..but then..its ok...we njoy jgk akhirnye...pusing2 kl (actually cari the curve nk hntr mas jumpe her bf there..hahaha..)......pas hntr mas, we both g klang tgk wayang citer twilight(x best pon sehgga membuatkan saya tertido dgn nyenyaknye di kerusi itu..hihi)..dah abeh tgk wyg pusing2 lg nek kete...smpi la akhrnye aswad hntr saya blk kondo kakak nuar..berpusin2 kitowg cari metropolitan square bcoz there are so many condos there..seem mcm same je..last2 jumpe jgk...pastu nuar ngn mas ajk lak g uptown kat damansara(mase tu da almost kul 2am)..saya followed jek..pastu kitowg pon blk...so tired...

smpi umah kitorg trus tido ngn begitu lene skali sbb kepenatan yg teramat sgt..hehee...

esoknye mean today la,dorg ajak g OU..window shopping jek katanye..last2 saya yg plg byk shopping...huhu..duitku terbang2...then,nuar hntr kitorg blk melaka...pastu saya pon trus dmm sbb x cukup tido..penat..pening pusin2 nek kete..panas..sejuk aircond..mcm2 la..dah nak dmm nk wat camane kan...terima jek la...

enough la for now...nk tido..esok kene attend insurance training class kat office..pg smpi ptg..penat da..byeeeeee

my 1st day practical

hari ni saya dah start practical...practical aka industrial training...5 bulan tu...lame sey...tp xpe...name pon training...terima je la...hari ni xde pape pon just jumpe puan hawa (Boss),die bg briefing,citer tu citer ni...kui 11 da abeh..da ley blk...kui 8.30-11am..2jm stgh jek...best betoi...

esok puan hawa soh attend event kat KL..CIMB Wealth advisors nk launching utk 2009...kene bayar tp puan hawa da tolong bayarkan..sponsor..hehee...tema die white n colorful...adeiii...colorful...nk kne pakai baju cam pelangi ke???hehee...jap agi nk kuar cari baju..sok nk jumpe owg2 yg da berkerjaya n berjaya..kene la jugak kite jage image..wat2 la cam da lame berkecimpung dlm UT ni..hihi..

pas blk dr ofis td...owner umah da dtg soh kemas2 brg...saya mmg nk pindah pon..igt mlm2 sket baru angkat barang2 tu..tp dah xdan2 dah org len nk masuk terpakse la gak tghari terik lagi panas tu pindah barang2..adeiiiii....banyak gler barang..berat lak tu...sek bek pindah umah same level..kalo trun nek tangga mau pengsan jugak rasenye..ade la dlm berbelas2 kali dok pusing2 angkut kuar masuk barang2...auntie cina tu pon nek pening tgk aku..huhu..siap tnye agi.."amoi,manyak lu punya barang...ini sume barang lu sorang ke??"...da taw brng saya byk kan nye nk tolong angkat..hehee...

last2,ptg baru siap hbs angkut..eh..tggl tong gas jek lom agkt..x larat..berat sey...boipren pon xde ni nk tolong agkat..biar dulu la...esok2 la saya amek...

ok la...nk kuar da ni...nk cari baju...shopping sket...

sedey sgt2 !!!

hari ni liza ngn humyra dah balik..maknenye dorg pindah terus dok KL..sume kene berpisah sbb tmpt prctical len2...pasni kitorg susah la nk jumpe...kite sedey sbb dah 5tahun sesamer..2tahun dok sesame kt umah sewa ni..sedey sgt sbb byk kenangan yg kitorg dah lalui...mase hntr dorg naik taxi kat bawah td...kite da tekad xnk nangis..tp smpi je kat bwh terus ngs...sedey giler..kwn yg byk syer problem...mkn sesame..tido sesame..slalu gadoh2..slalu rebut2 nk cop bilik air..sume memories nie wat saya rase sad sgt2...i don know why...but sincerely i really2 love them...thanx liza,myra..i pray we all berjya kat luar sane...love u all so much.. LIZZA & MYRA

~Maximize mase yg ade~

2 hari lps saya bz sgt kne attended practical seminar...baru abeh exm da kena attend pgrm lak...but its ok coz i got the detail explanation how to be the best trainee n how to be prepared to complete my coming research...Research???? nk wat research ttg ape ni??? current issue skang pasal ape ek??hmmm...nk kne go through malaysia market dulu then baru nmpk n tahu what should i do..later2 la yg tu...ade 2mggu utk pk tajuk research...hmm...

ptg smlm saya njoy2 dulu b4 coming back to home town...try test naik eye on malaysia kat melaka lak...baru wujud..da smggu tp x sempat agi nk naik that thing..busy ngn final exam..smlm bru dapat naik..tepi laut..nice view..nice scene..nak taw saya pergi ngn sape??? guess who???hmm...i went there with my YM's friend...his name is Zul..Sabahan..we never met before..just chat on YM..at first i feel shy (gatal la saya ni..heheee)..biasa la baru jumpe..slalu webcam jek kan...hahaa...hmmm..but then i realized what for to be shy...we both masing2 da ade pacar masing2..~lalalala~..just hangin 2gether (actually ade kwn die name Wan ngn 3 org adik Wan..means that we were six together..hehe)..xley nk lebey2 sgt la kan...image kene jage dpn adik2 Wan ni ha...(hipocrite sungguh saya ni..heheee)

Pas naik EOM tu dorg da nak blk(Dorg dr N.9)..then i asked them to naik boat kat Malacca River cruise..tepi umah sewa kite jek..then dorg pun stuju(mula2 dorg xnk)...smpi jek kitorg nk la beli tickets but then the shcedule tulih last trip at 6pm..mase 2 kitorg smpi lebey kurng kui 7pm camtu..nk book tickets pon xley sbb org tu ckp kne tggu 7.45..its ok la kitorg tggu...tepat kui 7.45 Wan ngn Zul g la nk beli tickets but then again akak kat counter tu ckp da ade 1 bus from singapore dah booked all the boats...huh!!!! akak ni pon bukan nye nak cakap awal2...penat je kitorg tggu...da la ujan renyai2 mlm smlm...

Today...its time to pack everything..kemas sana kemas sini..i hv to move out from here (umah sewa saya la)..my housemate sume practical kat KL..so,i don hv any housemate da..takot la dok sorg2..bukan takot pe..takot nnt ade org aim kite dok sorg2..haaa....takot tu jek..everything can be happen...lebey baik berhati2 before sumthng yg i xnk happen,happen..Where to move???haa...dah semggu pk nk dok mane..ramai offer ni..xtaw which one should i choose..umah tu mesti la dkt ngn tmpt practical..rental price xnk la yg mhl2 sgt..nk dok 5bulan jek..hmm...parking pon kene tgkk..xde park cmne nk park my kesayangn tu...hmm...pk lagi...pk lg...ape2 pon jom kemas baju2 dulu..buku2 yg da berterabur tu...kasut2 saya yg bertimbun2 tu...adeiiii...mesti penat la today...no time la nk YM...hahahaa..

Buat terkezut aku jek

3 hari x silap friendster under maintenance...hari2 bukak tenet jek msti cek friendster...da jd mcm tabiat dah...nk tgk friend request la..commnets to be approve la..nk bace buletin la..mcm byk je kije..hehehe..
Hari ni paper terakhir sudah berjaya aku setelkan...pasni kije aku hanyalah berdoaaaaa....aku da usaha..selebihnya Allah yg berkuasa menentukan sama ada aku layak ataw tidak untuk dpt result yg cemerlang..
Berbalik kpd citer pasal fster ni...yg sbnrnye,blk dr exam ptg td..ada sorg kawan aku ni bising2 katanya kwn2 die kat fster yg ade 400 lebey tu sume ilang..comment2 die yg beribu tu pon ilang gak...frust sgt la tu..aku apa lagi..dgr2 jek kabar brite camtu..blk umah jek mende pertama aku wat ialah on tenet...pastu on ym...hehe..pastu baru on fster...sek bek aku nye fster elok2 aja...kwn2 ade..comments2 pon ade..x ilang pon..mesti kw aku bengkek ngn aku..heheee..sabar ya zana..
Pasal exam lak..aku sbnrnye takot ngn result aku sem ni..apa la yg aku akn dpt...sem ni aku ada byk sgt probs..byk kije ngn nk cri pendapatan senirik(xnk nyusahkan mak bapak)..ngn broadband aku ni la..semenjak 2 menjak dah ade broadband ni..makin ligat aku online..hari2..ade exam pon xpe..online gak..haaa..dasat x dasatnye aku...pastu aku merungut x dpt wat betoi2 mase jwb xm..slah aku gak..tp xpe..aku rase aku boleh pas ngn cemerlang sem ni(insyaAllah..nk sedapkan ati..hehe)
Hari ni gak aku rase sedey sbb pasni aku da xde amek exam da..sem dpn aku dah mula practical..aku practical kat CIMB Wealth Advisors...jd Unit Trust Consultant..sbnrnye aku mmg da lame jd UT consultant ni cume bile dorg ckp bley practical under company ni aku apa lagi untuk memudahkan kije aku..aku pon apply la...aku kije sambil practical...aku dapat gaji..aku dpt tanggung idup aku..aku xnk mintak2 duit mak bapak ni..sem ni aku xpenah agi mntk duit family aku..sume perbelanjaan atas usaha aku seniri..hebat gak aku ni..hahaha..
Cukup la untuk hari ni..badan aku da sakit2 sbb x cukup tido..mkn x tentu..asek duduk jek bace buku..so..mlm ni aku nk tido awl..esok ngn lusa aku kene attend taklimat utk practical..xtaw la apa yg nk dibebelkan tu...dah la 2 hari..terbantut niat aku nk blk awal..nk cuti..nk enjoy..oklah..sampai disini saja..papai

Line Problem

Dah dua ari line broadband kat melaka wat hal...connected but xley online..0.00 kb/s...pastu nk taw gak puncanye..so, i make a direct call to angel(where i bought this broadband)..she said celcom broadband is under maintenance..maybe need 24 hours to be done n can be use...alaaaa..kecewanye...x dpt online...x dpt ym...bkn 24 hours tapi 48 hours...eee..geramnye..tapi at last i sedar gak..sumenye untuk upgrade n menambah baikkan line broadband ni..xpela...2hari jek pon...dapat saya study dgn tekun(tp dlm ati sbnrnye meronta2 nk online)..hhehee

Doaku Slps solat

"Doa-Doa Yang Perlu Kita Baca Setiap Hari"

1) DOAKAN KEINDAHAN BUDI

Segala puji bagi ALLAH, elokkanlah kiranya kelakuanku sebagaimana Engkau telah menggelokkan rupa kejadianku..

2) DOA KEBERSIHAN HATI

Ya ALLAH, bersihkanlah hatiku daripada nifaq dan peliharalah kemaluanku dari melakukan pekerjaan yang keji..

3) DOA KECANTIKAN DIRI

Wahai Tuhan, kayakanlah aku dengan ilmu, hiasailah diriku dengan sifat lemah lembut, muliakanlah aku dengan tawa, dan cantikkanlah aku dengan kesihatan..

~Bersambung~

My grammar is getting bad..~lalalala~~

i dont care my grammar is getting bad,worst or what so ever..

As long as i can blogging on my views n opinions n events..its quite ok..~lalalala~..

I'm quite OK what..rather than those yg dok goyang kaki without doing anything..

This pic just 2 show that i miss them so much..i've not see them bout 1 month...arghhhh..miss my cute cousins!!!

Anugerah Skrin ke-10

jom tgk anugerah skrin..hebat ke x hebat..

Just want to release my brain(tired reading a lot)..

Kepimpinan mahasiswa untuk mahasiswa

i miss being MMP again..Lot of experience..memories..kene kuat smgt..sabar..social skil kene maintain..kene pandai bahagi mase utk study n wat kije laen..sacrifice mase ngn kwn2..but then i really2 thankful to all mahasiswa UiTM Perlis yg dah vote me as 1 of their representative..

thanx 4 give me the trustworthiness..

How difficult SM paper..

y my final exam paper is so difficult???
i really2 frustrated..again..
tired..stress..tension..
need to sleep..

CTU...the obj's answers mk me confuse!!

at first i thought CTU paper will be easy..bcoz this paper is in Bahasa...But then...oh my God...the objective's answers provided make me feel so confused...The answers are so close..don know which answer should be choose..i think 10 questions i don know to answer..the questions are straight forward but the answers are problems...arrgghhh...then, i continue answering part B..its about Dasar Ekonomi Baru...What are the government's strategies in helping Bumiputera increase their income..30 marks from this part...but i got a problm again...not enough time to answers...huh..really2 make me frustated...i read a lot yesterday..n the result is i don hv enough time..what a pity for me...but..its ok..i think i will pass..i dont want only pass but i pray i will get A for this subject...

Forget about CTU paper..its time to study next paper..Strategic mangement..esok jek ina...go!!go!! don lazy2 ok!!!

Pray for my success

tomorrow (30 oct)...my first final exam paper..CTU 553..(the only subject in Bahasa)

then followed by strategic management (MGT 657) on 31st oct..( i hv to read a lot)

my 3rd paper on 3rd nov..Financial Statement Analysis..(paper that i scared the most)

On 11 Nov i'll taking my4th paper..Real Estate Finance..(Need to understand n memorize the real estate words)

Next paper will be on 14th Nov..paper Portfolio management and application..(This subject balance 50%-50% theory n calculation)

my last paper on 18th nov..personal financial planning..(almost 70% on calculation)

OUR TESIS

UNIVERSITI TEKNOLOGI MARA
MELAKA CITY CAMPUS

FACULTY OF BUSINESS MANAGEMENT
BACHELOR OF ADMINISTRATION (HONS) FINACE

THE DISADVANTAGES OF THE NATIONAL HIGHER EDUCATION FUND CORPORATION (PTPTN) TO UiTM MELAKA CITY CAMPUS STUDENTS

PREPARED FOR:
ASSOCIATE PROFESSOR HAJI SA’ABAN BIN HAJI SALIM

BY:
NOR SHUHADA BT SHAARI 2007281568
HAFIZAH BT AHMAD SHUKRI 2007281652
NURFAZDLINA BT ABDUL HALIM 2007281534
NOR HASNIDORA BT ADNAN 2007281704
GROUP: BBAF 5D

22nd OCTOBER 2008

INTRODUCTION

1.1 Background of the study

The National Higher Education Fund Corporation (PTPTN) was established under the National Higher Education Fund Act 1997 (Act 556) and is effective from 1st July 1997. PTPTN become operational on 1st November 1997 at Bangunan Wisma Chase Perdana, Off Jalan Semantan, Damansara Heights, Kuala Lumpur.

The National Higher Education Fund Corporation (PTPTN) was established to help students gain entry to Higher Level Institutions of Education in Public (IPTA). This PTPTN Study Loans programme is focused mainly on students who have gained admission to local universities or private colleges but are unable to further their studies due to financial constraints.

The main function of PTPTN is to manage disbursement for the purpose of higher educations, and to collect loan settlement. The other function is to collect deposits, design and offer saving schemes for the purpose of saving for higher education and the last function is to carry out any other functions given to the PTPTN under any written legislation.

PTPTN will evaluate the financial background of the applicant's family before approving the application. Decision made by the authority is final. No correspondence will be entertained.

As stated in the functions of PTPTN, the loans are given to the student to help them during their study period. However, most of the students use the money to do something that is not related to their studies. That's why most of the students are facing financial problem during their study.
As public, we cannot argue that PTPTN play an important role in helping student. However, the disbursement of the loan not only gives a positive impact to the students but they will face many problems in the future. One of the examples is when the students finished their studies; they have to pay back the amount of principal plus interest and administrative charges. So it will become as a burden to the students and it limits many options of their live after graduation.

1.2 Statement of the problem

Recently, most of the students in Higher Level Institutions of Education in Public (IPTA) and Private (IPTS) are depending on The National Higher Education Fund Corporation (PTPTN) loan because it is one of the sought loans one can get. The usefulness of the loan has made more students become heavily dependent on it without thinking about the negative impacts that it could bring to their life in the future.

By looking at the current situation, most of the time peoples are discussing about the non-effectiveness of the loan granted. Peoples are asking either PTPTN is still relevant or not in the near future. Some of the borrowers realize that there are some disadvantages of applying PTPTN. Some of the disadvantages are borrowers have to pay more in the future; their names may be blacklisted if they fail to pay back the loans and it also will lead to emotional problems like depression.

1.3 Purposes of the study
1) To know the negative impact of PTPTN to the students.
2) To determine whether they can survive or not without PTPTN.

1.4 Objectives of the study
The objectives of this study are:
1) To find out if the loan is fully utilized for education purposes.
2) To explore either PTPTN serve as the best solutions to the
students.
3) To investigate the usage of PTPTN among students in one
semester.
4) To present ideas of other financial alternatives rather than PTPTN.
5) To find out the financial constraints faced by borrower to service their loan.
1.5 Research questions
Objective 1
To find out if the loan is fully utilized for education purposes.
Research Question 1
1) What are the purpose of applying PTPTN and how they are utilized?
2) As a UiTM student, how much loan is needed to continue your studies in UiTM?

Objective 2
To explore either PTPTN serve as the best solutions to the students.
Research Question 2
2) Does PTPTN serve as the best solutions to the students?

Objective 3
To investigate the usage of PTPTN among students in one semester.
Research Question 3
3) What are the usages of PTPTN among students in one semester?

Objective 4
To present ideas of other financial alternatives rather than PTPTN.
Research Question 4
4) What the other financial alternatives to students?

1.6 Significance of the study

Even though currently is most of the students are depending PTPTN loan, the findings of this study are important to help students to finds out the disadvantages of PTPTN, that students could have experience negative implication after they graduated and to investigate the students level of awareness of this problem. With the information at hand, more extensive studies could be planned for the futures. This study will also give some perspective to students to make proper planning whether or not they can study without PTPTN.

1.7 Scope of the study

This first study, on the issue of PTPTN loan and its negative effects to the students, involves the participation of 50 PTPTN’s applicants who are studying in UiTM City Campus Melaka. The respondents, who are studying degree level, will be randomly selected by the research team. The data collected via questionnaire were distributed from 4th Ogos 2008 to 22nd Ogos 2008 this year.

CHAPTER 2
LITERATURE REVIEW

2.1 Introduction

Recently most of higher learning institution’s students are depending on PTPTN loan to support their study in universities. Even though there are many other sources to get financing for their study, but this loan is more preferable among all the IPT's students. Some of the students apply for this loan without making a background research about PTPTN. They do not know what are the advantages or disadvantages of this loan. They also do not know what is the consequence or effect to their life in the long run.

2.2 Basic data on loan

According to Macmillan English Dictionary (2002) loan can be defines as an amount of money that a person, business, or country borrows, especially from a bank and education can be defines as the activity of educating people in schools, colleges, universities, and all the policies and arrangements concerning this or the process of providing people with information about an important issues.
The Public Services Department's statistic shows that 10 percent of its over 100,000 student-borrowers have not paid a penny on their loans. Some of the defaulters had completed their studies over 20 years ago. The government through MARA, JPA, and others has disbursed the colossal sum of over RM12 billion over the years. Additionally, the GLC National Higher Education Fund (PTPTN – its Malay acronym) had given out nearly RM19.06 billion to 982,000 borrowers since its inception.
Giving loans for students to continue their education is good investment. The rate of returns to the individual as well as to society is more than justifies such investments. Beneficial though student loans are this does not mean that the government should be doing the actual lending. Malaysia would do well to learn from the experiences of other countries.
In America, the government is not directly involved in the student loan business. Instead it merely provides the regulatory and administrative framework: the loans are given out and collected by participating banks and other lenders. The government determines the maximum amount of loan for which the student would qualify, and caps the interest rates and other terms of the loans. This in effect is an indirect subsidy. There is also only one application form, thus simplifying and reducing the administrative costs.
The government does give out direct student loans (a program comparable to the Malaysian one), but that constitutes only a very small fraction of the program and applies only to the needy. Likewise, student’s could bypass the government's program and borrow directly from private banks and be subjected to the bank's regular credit and lending criteria.
Nellie Mae (1988) issued a report on its first National Student Loan Survey (NASLS). The study concluded that an overwhelming majority of borrowers believed student loans significantly increased their access to and choice among postsecondary institutions, and most borrowers believed the benefits they received from a college education were worth the costs of student loans. Follow-up surveys of borrowers in repayment in 1991 and 1997 revealed similar results. However, because the 1997 report did not fully reflect the impact of the dramatic rise in student borrowing in the mid-1990s, it is important to revisit the question of the appropriateness of current borrowing patterns. Comparing results of this survey with the findings of the surveys conducted in 1987, 1991, and 1997 allows for analysis of trends in debt levels and borrower attitudes over a 15-year period.
According to Bruce Chapman and Chris Ryan (2003), an education loan is risky for a bank because, in the event of default the bank has no collateral to sell. This implies that, without a guarantee of repayment, banks will not be interested in the underwriting of human capital investments.

Thus prospective students without sufficient financial resources to cover fees will not be able to enroll. There will be three important consequences: a loss of talent, and thus a cost to the society; a foregone opportunity to affected individuals; and a cementing of the nexus between family background and a person’s lifetime income, meaning that such a system is regressive in an inter-generational context.
A possible solution to the capital market problem described above is used in many countries and involves government-assisted bank loans to students with low family incomes. The most important form of public sector support is the guarantee of repayment of the debt to the bank in the event of default. While this seems to address the capital market failure, there are several remaining problems.
Sandy Baum and Marie O'Malley (2002) reveal that education debt burdens remain manageable for most borrowers. A clear, majority of those in repayment report that the benefits of the educational opportunities made possible through borrowing are well worth any problems associated with paying off the loans. There are, however, indications that negative attitudes towards education debt are increasing over time. Moreover, borrowers from low income families are more likely than others to report repayment difficulties, even when controlling for current incomes and debt levels.
Woo (2002) reviewed the literature and found borrowers who have ever been in deferment or forbearance are less likely to default, perhaps because borrowers who are organized enough to follow through on using deferments are also better able to handle repayment in general. He also stated that borrowers who went into delinquency more than once were more likely to default. Each period of delinquency increases the borrower’s chances of default by 4.8 percentage points, which is almost 50 percent of the original probability.
Besides that, lack of knowledge about repayment is not a strong factor in default: 93 percent of borrowers surveyed realized the loan had to be repaid. However, one in four was confused by the repayment process, and three out of four were not aware of loan deferment options (Volkwein et al. 1998).
Although the opposite would seem to make more sense, borrowers with high indebtedness are actually less likely to default than borrowers with low indebtedness, perhaps because high indebtedness is associated with more schooling and thus more success, which is the main variable associated with low default (Woo 2002).
Recent evidence shows that borrowers who take out $5,000 or less in loans default at a considerably higher rate than all other borrowers. Not surprisingly, borrowers who take out small loan amounts are more apt to stay in school a short time and have lower graduation rates than other borrowers. That is, the loan amount is a partial proxy for education attainment (Steiner and Teszler 2003).
Other studies also found that the amount borrowed has either no effect or a beneficial effect on repayment. Having higher indebtedness is associated with lower default rates, perhaps because higher levels of indebtedness resulting from additional years of schooling and degree attainment allow borrowers to compete more successfully in the labor market for jobs and income (Volkwein et al. 1998).

2.3 The disadvantages of ptptn

The PTPTN (National Higher Education Fund Corporation) loans have helped tremendously a huge number of needy university students in completing their degree study. However, after their graduation, all loan receivers ought to refund the PTPTN as soon as possible. Perhaps the PTPTN has to compel them to refund a fixed amount of RM50 per month whether they have got a job or not. This is responsibility. Somehow the graduates have to start their repayment. If graduates delay in refunding the PTPTN, the revolving fund will get smaller and that means less people would be able to get the necessary loan for their tertiary education. When the PTPTN list came out in newspaper the other day listing those graduates who have somehow shirked their duty of repayment, many people’s felt a little uneasy. Perhaps many graduates have experienced problem in getting a job, but they must inform the PTPTN regarding their predicament. The borrowers cannot just keep quiet like that, hoping that everything would be forgotten. On the other hand, most of the borrowers are hoped that the PTPTN would cancel their administrative charges if a graduate is able to pay back twelve installments (as fixed by the PTPTN) in a year. The PTPTN should also understand the problems of graduates - their initial pay may be low and their work tenure may be short. So allow them to pay back twelve installments within one year and charge them no additional administrative charges. The interests payable are heavy enough for them to shoulder.

RESEARCH METHODOLGY

3.1 Introduction

Methodology is a description or the procedures employed in order to achieve the objectives of the study. The main purpose of the research is to investigate the disadvantages of The National Higher Education Fund Corporation (PTPTN) to IPT’s students. Thus, in order to assess and evaluate the perception of students, a branch campus of UiTM situated in City of Melaka with 3000 student’s population. Data for the research were collected through questionnaire. The data also had been collected through primary and secondary data.
Primary data are the data were originated by the researcher for the specific purpose of addressing the research problem on the research. In the case to getting the primary data to the purpose of the research, the researchers choose a few methods to collect this primary data.
The secondary data is actually the data that already exists. For this study, the researcher collects the secondary data before collecting the primary data. Secondary data are usually historical and they do not require access to respondent or subject. Getting the secondary data is also faster than getting the primary data. Secondary data are less expensive if comparing to the primary data.
In order to approach the research problem, secondary data needed to be obtained prior to primary data. It can easily obtain, accessible and relatively inexpensive. The secondary data provides supportive information that cannot be getting by primary data. During this research, the secondary data gathered from internal and external sources.
Sampling can be defined as the process of selecting a sufficient numbers of elements from the population. The reason for using a sample rather than collecting the data from entire population is fairly obvious. In research that involves several hundreds or even thousands of people, are impossible to collect data from every single of it.

3.2 Respondent of the study

The respondent of the study were student undergraduates from different courses of UiTM Melaka City Campus that had been chosen. In August 2008, a total 50 questionnaire were distributed at different faculties of the university. A total of 50 students from various faculties at UiTM Melaka City Campus returned the questionnaires. Of these numbers, 39 were female while the rest 11 were male.

3.3 Research instrument

This research utilized the quantitative research methodology. The instruments were questionnaire. The structured questionnaire was prepared and given to a sample of population and was designed to get specific and accurate information from selected respondent.
In this research, there are three question are been used in order to designed the structured question. A set of questionnaire containing 20 questions divided into three sections. The sections of questionnaire were 1) demographic information, 2) resources about PTPTN and usage of PTPTN among students, 3) perception of students towards PTPTN charges and administration cost, 4) and opinion and suggestion.
The questionnaire was designed using open-ended question because these types of question give opportunities to respondent to give their ideas, suggestions, comments or even opinion. The respondent may give their opinion, suggestions, comment or ideas based on the options provided in the same questionnaire through the multiple choice question sections.
The questionnaire was designed to gather the necessary data in order to relate to the studies that were done by the researcher, the perception of students towards PTPTN loan. The questionnaire was tailored to the overall objectives and to avoid deviation of the data.

3.4 Research proposal

Before the actual data collection period, a pilot study was conducted to assess the validity of the research instrument. All of the groups member were involved in the pilot study chosen at random at various course offered in UiTM Melaka City Campus.
During the actual study, the questionnaires were distributed to the student at different course such as finance, accounting, administration science, TESL and international business. Respondent were approached with an initial question of whether they satisfied with the administration charge by PTPTN.

3.5 Data analysis

The raw materials or data which was collected will be edited, coded and categorized. Then all the raw data will be key in into Statistical Package for Social Science (SPSS) software. Result was presented through frequency counts and other descriptive statistics.

FINDINGS AND DISCUSSION

4.1 Description of the Data and Findings

4.1.1 Respondent’s Gender
There are 24% of male respondents and 76% of female respondents that responds to our research. Total respondents are about 50 persons.

4.1.2 Respondent’s Courses
There are 38% of our respondents are from finance courses, 8% accounting, 14% administration science, 22% TESL, and 20% international business.

4.1.3 Respondent’s Age
Based on the chart, respondents with age of 21 – 23 years old hold the highest percentage,specifically 74%, while the lowest percentage goes to the respondents with age of 24 years old and above, which is 10%. The majority number of respondents comes from the group age of 21 – 23 years old because our respondents are students.

4.1.4 PTPTN’s Borrower
The chart above showed that most of our respondents are PTPTN’s borrower, with percentage of 88% and the rest are not PTPTN’s borrower which are about 12%.

4.1.5 Loan per semester
Based on the chart, most of our respondents get their loan about RM3001- RM4000 per semester, with percentage of 54%, followed by the respondents that get their loan RM2001 – RM3000 per semester, with percentage of 36% and respondents that get their loan RM1000 – RM2000 which are 10%.

4.1.6 Time of Receiving Loan
Based on the chart, the highest percentage goes to the respondents that get their loan at the end of the semester which are about 64%. Then, about 22% of the respondents get as soon as registered, followed by 8% get in the middle of the semester and about 6% get before registration.

4.1.7 Spending
Based on chart above, it shows that our respondents most prefer to spend their loan for entertainment that is about 84%. Then, about 12% respondents said that they spend their loan to buy book and stationery and only 4% of respondents said that they spend their loan for daily needs.

4.1.8 Payment for university fees per semester
Chart above shows that 56% of the respondents pay around RM 201 – RM 400 for their university fees per semester and 22%pay around RM 401 – RM 600. Then, 16% of the respondents pay below RM 200 and the remaining 6 percent of the respondents pay above RM 600 per semester for their fees.

4.1.9 Repayment
Base on the chart above, 68% of the respondents answered that they should pay back the loan once they get the job. 10 % of the respondents think that 6 months after finish study is the suitable period to start repayment. The other 16% answered I year and remaining 6% answered more than 1 year.

4.1.10 Reward
The chart above shows the result of how PTPTN can reward the borrowers if they get good achievement. More than half of the respondents (66%) agree that the loan should be converted to scholarship that is about 66%. 24% of the respondents agrees to payback half of the amount receive while the other 10 percent answer does nothing.

4.1.11Sources to get information
In response to Question 11, more than half (58 percent) of the respondents get the information about the method of repayment of the loan from PTPTN. Then, 24 percent get it from media (television, newspaper, and internet), 12 percent get the information from friends and the remaining 6 percent of the respondents get the information from other sources.

4.1.12 Difficulty t o get the information
Base on the chart above, 50 percent of the respondents said it is difficult to get the information about the method of repayment of the loan.

4.1.13 Repayment amount
From the chart above, the majority of the respondents (62 %) thought that the most suitable repayment amount for each month is RM 100- RM 200 followed the other 305 agree to pay around RM 201 – RM 300. 8% of the respondents said that they are willing to pay RM 301 – RM 400 monthly.

4.1.14 Buying hand phone
Based on the chart above, it shows the statistic of the respondents who agree that most of the students use the loan to buy hand phone. 4% of the respondents agree that students use the loan to buy hand phone, followed by 20% answered no comment. Then, about 14% strongly agree, 10% disagree and the rest of 8 % strongly disagree that students use the money to buy hand phone.

4.1.15 Shopping
According to the graph, most of the students agree to choose to go to shopping using their PTPTN loans. 18% of the respondents strongly agree that respondent go for shopping using a loan given by PTPTN. Only 6% respondent did not agree they go for shopping using PTPTN loans.

4.1.16 Blacklisted system
The figure above shows that 32% respondent don’t have any comment about the blacklisted system make by PTPTN. 22% of the respondents agree that blacklisted system is considerable for the student if they obey to pay his/ her loans. Others 12% of the respondent disagree that there are not considerable in blacklisted system.

4.1.17 Satisfaction
From the pie chart above, most of the respondent which is 34% agree that they are not satisfied with the loan receive in every semester. The lowest choice made by respondent is 10% which is they strongly disagree

4.1.18 Procedures
The procedure in applying loan is too complicated, it being agreed by 40% of the respondent. Followed by 30% of respondent agree, 16% no comment, 10% disagree and the lowest is strongly disagree which is 4% of the respondent.

4.1.19 Satisfaction regarding interest charge
The figure above shows the percentage of the fee that had been charged by PTPTN. More than half respondent, which is 66% agreed that charged by the PTPTN is unreasonable. 22% of respondent said that the charged is reasonable while the remaining respondent (12%) said no comment about the fee charged by PTPTN.

4.1.20 Recommendation
66% of the respondents are not interested to recommend about PTPTN to their friends and family. Maybe they don’t want their family or friends burden by debt. While the other 24% agreed to recommend and suggest in applying loan from PTPTN to their family and friends. While the remain respondent which is 10% of respondent are said no comment.

4.2 Discussions/Analysis of Findings

CONCLUSIONS

5.1 Overview of the study
This research investigates the disadvantages of The National Higher Education Fund Corporation (PTPTN) to UiTM Melaka City Campus students. Primary data were collected by randomly distributing questionnaire to 50 respondents.

5.2 Restatement of Objective
Returning to the research questions at the beginning of this study, it is now possible to state that there are most disadvantages of PTPTN to students rather than benefits.

5.3 Review of the findings
The following conclusions can be drawn based on the findings of the study:
1. This study has shown that most of the respondents used the loan for entertainment and not fully utilized for education purposes.
2. The major findings of the research is that most of the respondent has difficulties in getting information about method of repayment the loan.
3. The result of the investigation shows that most of the student use the loan to buy hand phone and go shopping.
4. One of the significant finding which emerges from this study is that the interest charged by PTPTN is not reasonable because it is quite high and burden to a student to pay back.
5. This study has shown that most of the student gets their loan at the end of the semester due to non-effectiveness of their administration.

5.4 Limitations of the study
This finding is only true for UiTM Melaka City Campus and cannot be generalized to other university students. The same study need to be conducted with students from other universities to see if there are any similarities with the usage and perception about PTPTN.

RECOMMENDATIONS
6.1 Recommendations based on findings

Based on the findings and conclusions of the study, the following are several recommendations to be considered:
PTPTN itself should reduce the amount of loan given to the borrowers.
PTPTN itself should increase their marketing strategy in order to give more information to the students.
Reduced the administration charges to students because its burden the student with debt.
Students should find another alternative such as scholarship from MARA, JPA, or Tabung Amanah. PTPTN is the lender of the last resort.
Students itself should control their spending and used the loan more on the education purpose.
Student should manage their financing activities wisely such as invest in Unit Trust, save in saving account.
The process to debit the money to the student’s account must be done as soon as student registered for every semester because easy for them to pay their university fees.

6.2 Recommendations for future research

Since this study had only focused on UiTM Melaka City Campus, it is recommend that further studies should be carried out on students from other universities to see whether there are any similarities in the findings. Furthermore, further research could also explore other disadvantages of PTPTN to students. Other research also should be done in order to find other financial alternatives rather than PTPTN.

Last test for this sem..

tonite..thre is one more test that i need to sit for...it is a test of Financial Statement Analysis...a difficult subject to catch up...need a lot of patient to complete the cashflow...
Then...the real final exam will coming next week...
Dont be so stress ok...Pray to Allah n don ever2 forget to baca Al-Quran..n Solat Sunat n Hajat...maybe Solat Taubat juga..

BTN best!!

last nite...i ve md a mistake in judge about BTN..i thought BTN will mk me feel bored..but then..i realized that BTN is not bored actually..the fasilitator has open up my mind...he has a gud communication n very well in briefing us last nite..
we all hv a great talk last nite...its about sejarah melayu...
its all about malay n islam..
Now...i know wht the purpose of this prgm...UiTM wanna try to mk us realized that don evr2 lupa asal-usul kita...
Once kita dah berjaya in future..bantulah adik2 kita yg akn berada d UiTM d mase kan dtg..
Dont ever2 forget to mk contribution to the place that has give u a lot of knowledgess and experiences..Bantulah org2 melayu utk lbh maju n bersedia memikul tggungjwb memelihara kedaulatan negara Malaysia..
the slideshow present mk me sad n cry..its all about penindasan terhadap org2 Islam..
Kita d Malaysia patut bersyukur atas kenikmatan n kemakmuran yg Allah kurniakan...tp dalm kite bersyukur, kite perlu juga mengingati saudara2 kita yg sedang dlm kesusahan,penderitaan,kesedihan,kelaparan...
one thing i really angry last nite is bcoz most of BTN parcipants mk noisy..they don gv a commitment in what fasilator talking about..inilah org melayu...it doesnt matter happen to others..dont happen to them sudah...huh...never think about other people..
inikah yg kerajaan harapkan dr graduan2 yg konon2 nye akan memimpin ngara??
they can get a great results but then their sense of thinking is so worst..

every sem ada BTN..

Tonite i will (Not will actually but MUST) attend BTN..
Do u know what is BTN actually?
Biro Tata Negara..
Every sem we all hv to involve in this kind of programme..don know what is the main purpose UiTM organized this pgrm...
Tonite i'll 'investigate' (hehee) what for this prgm actually is..
i really2 know that this pgrm is so bored...every sem hv to attend..so, i know la..(it depends on fasilitator actually)
So..ill bring my ipod..so that ill not sleepy...this pgrm will take 2hours and half..from 8.30 until 11pm..oh God...give me a strength

PG Nitez

yesterday nite..kitorg ada pre graduate nitez utk last year students..
actually last year student for those who r in part 6 now..but then, this dinner combined currently part 5 yg akn menjalani latihan industry sem dpn..
Dinner kat Renaissance Hotel..So near ngn my rental home..jln kaki pon boley..tp utk privacy mazween had invited us to join her naik kereta..we all just follow jek..we all tuh me, mas, deq n jaymie..
kalo diikutkan kata emcee,kitorg nih first batch yg akn graduate...
so,merangkap graduan sulong la dr UiTM Kampus Bandar Melaka..
Quite best...but persembahn agak kurg n hambar skit...maybe UiTM nak make it formal bcoz UiTM had invited Dato' Wira Ahmad Kaseh (if i'm not wrong, not so sure)
overall...PG Nitez BEST..
We snap pic a lot last nite..
Wanna see our sweet pics..just view my friendster ok...
thanx to all UiTM staff especially Dato' Dr Mizan bin Hitam..

today is Milah's birthday!!

milah..one of my housemates...

today is her birthday..happy birthday honey!!

from morning td lg we all x wish happy birthday to her..we all just nak wat x tahu jek...around 11.59pm tonite baru we all plan nak wish..hahaa..

mesti die igt kitorg lupe her birthday..

jgn sedey2 ye...kitorg igt..just tgguuuuuuuuuuu...

milah, be prepare ok...=)

Recession is coming!!!

Make your own judgment, don't panic !! Do what is wise.

The recession looks very eminent. It is really time to take pro active steps to avoid a painful time in the next two years which is how long the recession is expected to last.

Suggestions:
1. Don't take any loans, buy homes, properties with loans, or even cash. Keep as much cash as possible.
2. Pay off as much of personal loans, private loans, as debt collection will be hastened.
3. Sell any stocks you can even at lower prices.
4. Take money off from Trust Funds.
5. Don't believe in huge sales forecast from customers, be extremely prudent, lowest inventories, reduce liabilities.
6. Don't invest in new capital.
7. If you are selling homes/ properties/ cars , do it now, when you can get good prices, they are going to fall.
8. Don't invest in new business proposals.
9. Cancel holiday plans using credit cards.
10. Don't change jobs, as companies will retrench based on 'last in first out'.

Stay cool, wait, and if you took all of the above actions and more, you probably will be better off then many.

This is not a rumor.

Bear Stearns is the first of many banking and financial institutions that will start falling in the not too future. If Bear Stearns can fall, so can JP Morgan, Citibank, HSBC, and the whole world.

US economy falls, the rest will crumble. India and all those self economies will be the most protected, but not gullible. Europe may be a little stronger, but not China , another giant!

Malaysia will see significant impact.

open house umah ween BEST!!!

ween wat satay utk kitorg...
wat senirik lak tu...
tima kaseh ween...
next year wat lagik ek...ni dlm pic kitorg da perabih sume dah..

Test again!!

Test 2 are just around the corner...today settle the 3rd test..there are 2 test more..arrggghhh...so stress...after test, exam will coming pulak..adehhhh...

Assignment???huh!!there are 2more that still not complete..dunno how to finish up all these...tired...

openhouse!!

it is a common thing people will do 2 celebrate raya..18th days of syawal today..its already more than 2weeks we celebrate syawal...x terasa...so fast...one of my classmate,mazween,invited me n some fellow frenz to come to her house..actually mazween originally from melaka...hmm...i will eat a lot tonite!!

cook more mknn taw mazween...heheee...

everyday doing assignment..

this morning i went to mahkota medical center...located beside MP..actually i go there just to submit appoinment letter...as what staff from HR dept ask me to send them a copy of university letter yesterday...just for the approvement that we r students..But....when i arrived there,today,they do not allowed me to enter in their office..Huh!!!! i dont really2 expect this could be happen...just a waste of time go there...so, i make a call direct to HR dept..they just ask me to put the letter at the counter...huh!!! again!!! how can i sure this letter will be submitted to HR dept???

way 2 accumulate wealth

Wut do u think bout the financial formula???

Many people think dat the result is the same no matter we save 1st @ spend 1st.

In actual fact, one will not b able 2 save if he/she keeps spending later...

If we spend b4 deciding the amount 2 save, there is a very high chance we live w/out any savings.

That's y we always hear people complaint "money not enough".."No money"..

We fail 2 plan n the consequences is financial failure..

hye all !!!

do u know bout the unit trust???

lets invest ur money in unit trust...it give u profit n benefit in long term period in the future...

buy it now!!!

diz iz an appropriate time we invest..

we r a risk taker..the higher the risk, the higher the return u wll get!!!

I must be strong wat eva happen!!!!

i must study hard...
i want to further my study..."master"...
i want to prove to someone that i can live, i can study, i can have my happiness without this person!!!!

this week is a test week...
so many test...
arrrgghhhh....

i'm selling shirt

yesterday i started my tshirt promotion...
i went to UiTM Lendu as the 1st place..with shikin..
there are 8 hostel block at there...
and i'm just finished my promo for one block...so tired...but then when i think about the "komisyen" that i'll get,i'm become "bersemangat"...
for 3hours we have been collected about RM 136...wowww....
its not easy to get that much...
today,after lunch shikin and i will go there again...
chayok2!!!!

morning ...

i'm not feeling well today...i got cough..uhukk.uhukk..

too cold here...shaking...

so many things need to be prepared...find topic 4 asgmnt..make a notes..

i still don know wat to do...hmmm..don know where to start..how to begin the asgmnt...

so coldddddd....

pagi yg ala2 suram...huhuuu

pagi nih aku xde mood la..sek bek la prof nasir nih besh..sporting...dia ngajo,aku men tenet..~lalala~

tapi aku dgr pe ape yg dia ckp...

kwn2!!!!! nak beli baju x????

saya ngah tolong mbr saye nih...dia wat bznz sket..design n jual bju t shirt...

cantik2 gak designnye..korang nak tgk????

kirenye saya jd agent utk uitm la...

kire saye jd promoter utk baju 'i luv uitm'...

kalo korg berminat,nnt saye tunjuk sample k...

morning...

hmm...pagi nih lecturer x ngaja agi...buku lom smpi..alamatnye mggu dpn baru mula ni...so....dis morning i'm just search 4 anything that i rase besh..

hmm....cari topic assgnmt lah...lg bagus kan...

ape aku nak cari nih??/korg tahu??? topic must be related to real estate finance...hmm...