Financial Satisfaction of International Students in Malaysia

Abstract

Studying in a foreign country is the opportunity for the students for understanding the different cultures and advances new knowledge from different societies. The core aim of this research is to determine the financial satisfaction of international students in Malaysian universities. This data gathered from 288 oversease students of Malaysian universities by using convenience sampling method. This study utilized the confirmatory factor analysis (CFA) and Structural Equation Modeling (SEM) for data analysis. The finding suggests that there is a significant effect of financial stress and financial and economic consideration on financial satisfaction of international students. This study also asserted that there is a significant effect of financial knowledge and family financial support on financial satisfaction. This research prone to some limitation such as cross-sectional method, and the convenience sampling method utilized in this current research. This study will beneficial for the government as well as policymakers to new rules and guidelines in favor of international students.