Pengaruh Tingkah Laku Hutang Terhadap Kesejahteraan Kewangan Mahasiswa: The Influence of Debt Behavior on Students' Financial Well-Being

Nurul Hidayah  Md Razali; Rubayah Yakob; Khaira Amalia  Fachrudin; Boon Xing Cheng

doi:10.53840/jmm.v15i2.263

Authors

Nurul Hidayah Md Razali Faculty of Economics and Management,Universiti Kebangsaan Malaysia, 43000 UKM Bangi, Selangor, Malaysia
Rubayah Yakob Faculty of Economics and Management,Universiti Kebangsaan Malaysia, 43000 UKM Bangi, Selangor, Malaysia
Khaira Amalia Fachrudin Fakultas Ekonomi Bisnis, Universitas Sumatera Utara, Jl. Prof. T. M. Hanafiah, S.H., Kampus USU, Indonesia
Boon Xing Cheng Faculty of Economics and Management,Universiti Kebangsaan Malaysia, 43000 UKM Bangi, Selangor, Malaysia

DOI:

https://doi.org/10.53840/jmm.v15i2.263

Keywords:

Tingkah Laku Hutang, Kesejahteraan Kewangan, Mahasiswa, Pinjaman Pendidikan, Literasi Kewangan

Abstract

Peningkatan kebergantungan mahasiswa terhadap pinjaman pendidikan dan kemudahan kredit menimbulkan kebimbangan terhadap kesejahteraan kewangan generasi muda. Kajian ini menilai pengaruh tingkah laku hutang terhadap kesejahteraan kewangan mahasiswa, dengan menggunakan data seramai 110 responden yang dipilih melalui persampelan dua peringkat (kuota dan mudah). Analisis menggunakan regresi linear mudah dengan kesejahteraan kewangan sebagai pembolehubah bersandar dan tingkah laku hutang sebagai pembolehubah tidak bersandar. Keputusan kajian menunjukkan tingkah laku hutang memberi kesan positif dan signifikan terhadap kesejahteraan kewangan. Penemuan ini menunjukkan bahawa kesedaran awal tentang implikasi hutang membantu mahasiswa mengurus komitmen kewangan secara lebih berhemat, walaupun berdepan pinjaman pendidikan, hutang peribadi, dan kemudahan bayar kemudian. Kajian ini menyumbang kepada pengayaan literatur mengenai kewangan mahasiswa dengan bukti empirikal baharu serta mencadangkan penggubal dasar dan pemberi pinjaman pendidikan memperkukuh pemantauan dan program literasi kewangan bagi mengelakkan masalah hutang melampau yang boleh menjejaskan kesejahteraan kewangan mahasiswa.

The rising reliance of university students on education loans and credit facilities has raised concerns regarding the financial well-being of the younger generation. This study examines the influence of debt behaviour on students’ financial well-being, using data from 110 respondents selected through a two-stage sampling method (quota and convenience). Simple linear regression analysis was employed, with financial well-being as the dependent variable and debt behaviour as the independent variable. The results reveal a positive and significant effect of debt behaviour on financial well-being. These findings suggest that early awareness of debt implications enables students to manage financial commitments more prudently, despite facing education loans, personal borrowings, and buy-now-pay-later facilities. This study contributes to the literature on student financial management by providing new empirical evidence and recommends that policymakers and education loan providers enhance monitoring and financial literacy initiatives to prevent excessive debt that may undermine students’ financial well-being

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