Creation of the model of consideration for screening the poor students for approval of the Student Loan Fund

Abstract

This study has the educational objectives to study the form, method and weight of criteria used for considering the lender of the educational institution, and analyze the screening model for the poor and opportunity to be considered passing the criteria of person who is eligible to request for the loans from the Student Loan Fund of such educational institution. In this regard, the concepts of human capital and credit scoring in financial institution were used by applying in-depth interview, questionnaire and application for the loans of the Student Loan Fund as the data collection tools. In addition, the sample group consisted of 225 advisers and 700 students of Rajamangala University of Technology Rattanakosin and Rajamangala University of Technology Lanna with information regarding the submission for the loans of the Student Loan Fund during 2013-2016. Furthermore, factor analysis was applied to find the weight of variables and determine the credit score in the screening model. According to the results, it was found that the poverty caused by unexpected events of the family and tended to remain a long-term problem had more weight than other variables regarding the consideration for approval of the loans of the Student Loan Fund. With regard to the study of relationship of the independent variables on academic achievement (grade point average), it was found that the father’s occupation and parents’ marital status affected the student’s academic achievement. Therefore, the scoring for the screening of poor students is generated from two elements, including family and student. In this regard, the aforementioned concepts should be applied for creating the screening innovation by using information technology. Also, the screening method and conditions for approval of the funds or loans of the Student Loan Fund should be improved in order to be under the same standard throughout the university.