Bidik Misi Scholarship Case Study
GIVING STUDENT LOAN: A VERY RISKY ACTION, BUT IT’S THE FINAL SOLUTION
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ducation is a very precious investment, especially in this era of AEC. BPS shows us that only 1.7 million (1.4 %) of 122.38 million labor forces who can compete in AEC. The main factor of this tragedy is the level of education that is still very low, it can be easily understood when we see that the number of young generations who continue to educate them selves in higher level (colleges) is very low, about 18,4 % from age group of 19-24. And the first reason why they don’t continue their education is “money”.
It is true that education is a very precious investment, and like all investments, it creates costs, for university tuition, books, and living expenses. But, there …show more content…
But, each year this program only receive about 60,000 applicants. Has it solves the problem that questioned above?, “not yet”. There are still so many students who need helping hands in paying the education costs. Also, those 60,000 students cannot rely on bidikmisi only, it can’t fulfill the current costs, especially for students from subject who need big funds, medical students for example. How about another scholarships? They also can not accommodate the large number of underprivileged students. Moreover, there are so many senior high school graduated students (underprivileged) who don’t know about the information of scholarships, and directly stop their formal education at senior high school level.
There is still one solution to help students to pay the education costs, student loan. Student loan is a loan offered to students which is used to pay off education-related expenses, such as college tuition, room and board at the university, or textbooks. Many of these loans are offered to students at a lower interest rate or even no interest. In general, students are not required to pay back these loans until the end of a grace period, which usually begins after they have completed their education. It is contained in UU number 12 year: …show more content…
To solve this problem the student loan institution need to do rigorous selection and screening criteria. Sometimes, when the family of the borrower doesn’t has income tax data, the background of applicants can be checked by using indirect parameters instead, such as data on family assets.
As we can see, the implementation of student loan has so many risks and challenges. However, it is really a solution for the students who want to continue in higher education but lack in finance and not connected to any scholarship. In the long run, student loan can develop national postgraduate capacities. In some countries, such as Tanzania, the successful of students’ loans finances has increased the number of student’s enrollment. And one day soon Indonesia will have strong human resources that have competencies in facing the global competition, especially ready to lead the Asean Economic Community. Finally, the most important part is that we need to acknowledge the positive effect of student loans on the quality of higher education
E
ducation is a very precious investment, especially in this era of AEC. BPS shows us that only 1.7 million (1.4 %) of 122.38 million labor forces who can compete in AEC. The main factor of this tragedy is the level of education that is still very low, it can be easily understood when we see that the number of young generations who continue to educate them selves in higher level (colleges) is very low, about 18,4 % from age group of 19-24. And the first reason why they don’t continue their education is “money”.
It is true that education is a very precious investment, and like all investments, it creates costs, for university tuition, books, and living expenses. But, there …show more content…
But, each year this program only receive about 60,000 applicants. Has it solves the problem that questioned above?, “not yet”. There are still so many students who need helping hands in paying the education costs. Also, those 60,000 students cannot rely on bidikmisi only, it can’t fulfill the current costs, especially for students from subject who need big funds, medical students for example. How about another scholarships? They also can not accommodate the large number of underprivileged students. Moreover, there are so many senior high school graduated students (underprivileged) who don’t know about the information of scholarships, and directly stop their formal education at senior high school level.
There is still one solution to help students to pay the education costs, student loan. Student loan is a loan offered to students which is used to pay off education-related expenses, such as college tuition, room and board at the university, or textbooks. Many of these loans are offered to students at a lower interest rate or even no interest. In general, students are not required to pay back these loans until the end of a grace period, which usually begins after they have completed their education. It is contained in UU number 12 year: …show more content…
To solve this problem the student loan institution need to do rigorous selection and screening criteria. Sometimes, when the family of the borrower doesn’t has income tax data, the background of applicants can be checked by using indirect parameters instead, such as data on family assets.
As we can see, the implementation of student loan has so many risks and challenges. However, it is really a solution for the students who want to continue in higher education but lack in finance and not connected to any scholarship. In the long run, student loan can develop national postgraduate capacities. In some countries, such as Tanzania, the successful of students’ loans finances has increased the number of student’s enrollment. And one day soon Indonesia will have strong human resources that have competencies in facing the global competition, especially ready to lead the Asean Economic Community. Finally, the most important part is that we need to acknowledge the positive effect of student loans on the quality of higher education