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Affordability of private tertiary education: a Malaysian study

Author

Listed:
  • Samuel Jebaraj Benjamin
  • M. Srikamaladevi Marathamuthu
  • Saravanan Muthaiyah
  • Murali Raman

Abstract

Purpose - The purpose of this paper is to examine the affordability of private tertiary education for households in Malaysia. Design/methodology/approach - The relevant literature is reviewed to provide an overview of the affordability of private tertiary education. Data are obtained randomly from a private university in Malaysia and the results are analyzed using the one‐samplet‐test and one‐way ANOVA. Findings - The proxy of affordability, which is the average household income, reveals the per capita average is more than three times the national average, which points out the non‐affordability of students from low and average earning households to afford private tertiary education in Malaysia. Financial assistance of students at the tertiary level is insufficient and may warrant further policy and administrative improvements to reach deserving students. There is also difference in income and hence affordability between urban‐rural households, a perspective that demands changes in the current income distribution policies. In order to address the issues highlighted in this study, salient suggestions have been proposed. Originality/value - This paper reinforces the need to address the issue of affordability of tertiary education and its significant importance, especially to developing countries.

Suggested Citation

  • Samuel Jebaraj Benjamin & M. Srikamaladevi Marathamuthu & Saravanan Muthaiyah & Murali Raman, 2011. "Affordability of private tertiary education: a Malaysian study," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 38(4), pages 382-406, March.
    • Handle: RePEc:eme:ijsepp:v:38:y:2011:i:4:p:382-406
    DOI: 10.1108/03068291111112068
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    References listed on IDEAS

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    1. Gundlach, Erich & Wo[beta]mann, Ludger, 2001. "The fading productivity of schooling in East Asia," Journal of Asian Economics, Elsevier, vol. 12(3), pages 401-417.
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    3. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
    4. Barro, Robert J. & Lee, Jong-Wha, 1994. "Sources of economic growth," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 40(1), pages 1-46, June.
    5. Hill, Catharine B. & Winston, Gordon C., 2006. "Access: Net prices, affordability, and equity at a highly selective college," Economics of Education Review, Elsevier, vol. 25(1), pages 29-41, February.
    6. Nicholas Barr, 1998. "Higher Education in Australia and Britain: What Lessons?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 31(2), pages 179-188, June.
    7. repec:bla:ausecr:v:34:y:2001:i:2:p:195-204 is not listed on IDEAS
    8. Blundell, Richard, et al, 2000. "The Returns to Higher Education in Britain: Evidence from a British Cohort," Economic Journal, Royal Economic Society, vol. 110(461), pages 82-99, February.
    9. World Bank, 2007. "Malaysia and the Knowledge Economy : Building a World Class Higher Education System," World Bank Publications - Reports 7861, The World Bank Group.
    10. Barr, Nicholas, 1998. "Higher education in Australia and Britain : what lessons?," LSE Research Online Documents on Economics 285, London School of Economics and Political Science, LSE Library.
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    Cited by:

    1. Bede Akorige Atarah & Augustine Awuah Peprah, 2014. "Assessing the Influence of Advertising on Student Enrolment in Private Tertiary Institutions in Ghana," International Journal of Business and Social Research, LAR Center Press, vol. 4(3), pages 55-65, March.
    2. Bede Akorige Atarah & Augustine Awuah Peprah, 2014. "Assessing the Influence of Advertising on Student Enrolment in Private Tertiary Institutions in Ghana," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 4(3), pages 55-65, March.
    3. Muh. Amin & Sugiyanto & Keppi Sukesi & Ismadi, 2013. "Foreign Students’ Motivation for Studying In Malaysia," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 3(3), pages 833-846, March.
    4. Jona J. Gabana & Dennis V. Madrigal, 2021. "A Glimpse into the Lives of Transferring Private School Students to a State College," Technium Social Sciences Journal, Technium Science, vol. 20(1), pages 50-60, June.

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