The Social Determinant Factors and Policy Recommendations for an Efficient Management of State Educational Funding: A Case of Vocational Education in Thailand
Keywords:
EFFICIENCY MANAGEMENT, STATE EDUCATIONAL FUNDING, VOCATIONAL EDUCATIONAbstract
This article has two major objectives; to analyze the factors affecting the state's education funding for vocational education, and to provide policy recommendations for a better management. The authors applied the embedded design of mixed method. Four hundred samples from student-borrowers of vocational education were selected from a stratified three-stage cluster sampling. The rating scale questionnaires were employed and the multiple regression was applied for the data analysis. Qualitative research's grassroots technique was later applied through an in-depth interview of 10 student-borrowers of vocational education in Northeastern Thailand. The content analysis was used to assess the results.
Results of the analysis which reflected the empirical evidences of practical conducts in the 10 countries suggested that the efficiency of the student loan scheme were characterized by the following factors, (1) operation time period ranged from 21-25 years, (2) positive attitude towards loan repayment, (3) study expenses supports, (4) an absence of penalty enforced by the Student Loan Fund, (5) loan payment by direct debit, (6) payment via Krung Thai bank’s Tele Bank, (7) an absence of certification for household’s income, and (8) eligibility assessment by educational institution.
For a sustainable loan fund, this research recommends the following management policies: (1) improve recruitment criteria; (2) conduct training programmes for increasing repayment awareness; (3) prioritize lending for disadvantaged students; (4) enhance knowledge of the vocational institution counselors; (5) establish a strong learning network of the institution’s staff; and (6) implement efficient databases for collecting debt through tax repayment system; and (7) involving institutions provide summative evaluation.
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