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- 1. Monash University Postgraduate Association-2019 9-18-2019 STUDENT FINANCIAL SURVEY
- 2. PRESENTERS Talha Shahid Fadilla Wahyudi Mohammad Boroon Dastan Nurmukan CONTRIBUTORS The entire MUPA committee 2019
- 3. CONTENTS 1. Who participated in the survey? 2. Receiving finances 3. Expenditure • International students • Malaysian students (outside Klang Valley) • Malaysian students (inside Klang Valley) 4. Conclusion of the data 5. Suggestions from the survey
- 4. TOTAL 150 RESPONSES SCHOOL DISTRIBUTION 32% 18% 10% 13% 17% 6% 4% School of Engineering School of Science School of Business School of IT School of Medicine School of Pharmacy School of Arts and Social sciences
- 5. COURSE DISTRIBUTION 74% 11% 15% PhD by research Masters by research Masters by Coursework
- 6. 67% 33% Are you receiving internal scholarships? (e.g. Monash Merit scholarship) Yes No 84% 6% 10% Are you receiving a tuition fee waiver? Fully Partially None 15% 85% Are you receiving external scholarships? (e.g. industrial grants, seeding programs) Yes No 33% 67% Are you receiving financial support? (salary, home country support programs, parents/partner etc.) Yes No HDR SCHOLARSHIP
- 7. LIVING CONDITION 69% 9% 12% 6% 3% 1% 4% Do you have dependents? If yes, how many? 0 1 2 3 4 5 72% 28% What is your mode of accommodation? Living in a rented room (apartment, condominium) Not renting (personal/family owned)
- 9. LOCATION 50% 23% 27% International Malaysia (outside Klang valley) Malaysia (within Klang Valley)
- 10. TOTAL 74 RESPONDENTS INTERNATIONAL STUDENTS 75% 9% 16% Scholarship distribution Merit External 7% 9% 23% 28% 15% 11% 7% First time travel costs (MYR) 0-1000 1000-2000 2000-3000 3000-4000 4000-5000 5000-6000 6000-7000
- 11. INTERNATIONAL STUDENTS 22% 41% 26% 11% How much does a return ticket cost to go back home? 0-1000 1000-2000 2000-3000 3000-4000 COST OF TRAVEL 62% 9% 14% 7% 8% How often do you travel? Once in a year Once in three years Twice in a year More than that Once in two year
- 12. COST OF RELOCATION AND MONTHLY EXPENSES INTERNATIONAL STUDENTS First time Relocation (Including Housing Deposits, Travel to Monash including Air/Bus Tickets, Basic Housing Essentials) and Monthly Expenses (Rent, Travelling (BRT/LRT, Car). Food, Grocery, Clothing) 4% 21% 48% 14% 12% Relocation costs 0-2000 2000-4000 4000-6000 6000-8000 8000-10000 10000-12000 6% 24% 53% 14% 3% Monthly expenses 0-1000 1000-2000 2000-3000 3000-4000 4000-5000
- 13. COST BREAKDOWN INTERNATIONAL STUDENTS 61% 25% 10% 4% Relocation breakdown Deposit Air ticket Utilities Miscellenous 37% 6% 30% 21% 6% Monthly expenses breakdown Rent Travelling Food Housing Miscellenous
- 14. Visa renewal cost including medical insurances INTERNATIONAL STUDENTS 5% 65% 25% 5% Visa renewal costs 0-500 500-1000 1000-1500 1500-2000 90% of the student responded that their visa cost is in between 500-1500
- 15. INTERNATIONAL STUDENTS 47% 53% Have you ever claimed medical insurance? Yes No 23% 40% 17% 20% How long did it take for reimbursement of the medical expenses to be received in your account? Within 3 weeks Within 5 weeks Within 7 weeks More than 8 weeks
- 16. HOW WAS YOUR MEDICAL INSURANCE EXPERIENCE? INTERNATIONAL STUDENTS Satisfied (33%) Not Satisfied (67%)
- 17. COMMON PROBLEMS WITH INSURANCE INTERNATIONAL STUDENTS Claim Time (69%) Coverage (31%) Several students compared AIG with other brands of insurance and suggested change due to cheaper premium and better coverage.
- 18. DID YOU FEEL FINANCIAL BURDEN TO PAY THE VISAAND INSURANCE FEE IN ADVANCE? INTERNATIONAL STUDENTS YES (87%) NO (13%)
- 19. MALAYSIAN STUDENTS 57% 16% 27% Malaysian students (outside Klang Valley) with scholarships Merit External Tutition fee 57% 19% 24% Malaysian students (within Klang Valley) with scholarships Merit External Tutition fee 35 responses from outside Klang valley 41 responses from within Klang valley
- 20. RELOCATION COST MALAYSIAN STUDENTS 37% 40% 11% 9% 3% Relocation cost (outside Klang Valley) < 2000 2000-4000 4000-6000 6000-8000 8000-10000 59% 29% 7% 3%2% Relocation cost (in Klang Valley) 0 < 2000 2000-4000 4000-6000 6000-8000 First time Relocation (Including Housing Deposits, Travel to Monash including Air/Bus Tickets, Basic Housing Essentials)
- 21. MALAYSIAN STUDENTS 74% 5% 12% 9% Relocation breakdown outside Klang Valley Deposit Air/Bus ticket Housing Miscellenous 67% 6% 15% 12% Relocation breakdown within Klang Valley Deposit Air/Bus ticket Housing/Furniture Miscellenous COST BREAKDOWN
- 22. MONTHLY EXPENSES MALAYSIAN STUDENTS 21% 37% 34% 5% Monthly expenses (outside Klang Valley) 0-1000 1000-2000 2000-3000 3000-4000 4000-5000 34% 39% 22% Monthly expenses cost (within Klang Valley) 0-1000 1000-2000 2000-3000 3000-4000 4000-5000 Including Rent, Travelling (BRT/LRT, Car), Food, Grocery, Clothing
- 23. COST BREAKDOWN – MONTHLY EXPENSES MALAYSIAN STUDENTS 34% 11% 29% 20% 6% Monthly expenses breakdown (Outside Klang Valley) Rent Travelling Food Housing Miscellenous 36% 14% 36% 7% 7% Monthly expenses breakdown (Within Klang Valley) Loan (student, car, insurance) Travelling Food Parking Miscellenous
- 24. MALAYSIAN STUDENTS 47% 19% 18% 16% Traveling in a year 1-3 times 4-7 times 8-11 times More than 12 times TRAVEL EXPENSES – Outside Klang Valley 65% 19% 5% 11% How much does a round trip cost? (MYR) 0-250 250-500 500-750 750-1000
- 25. TAKE-HOME MESSAGE - INTERNATIONALS • 67% of the HDR who responded are on merit scholarship, 15% are on external, and 84% of the total are receiving full tuition fee waiver. • 84% of the international students are receiving scholarship (merit or grant) • 86% of the international responded that their first time travel cost to Monash including visa fee, medical, and document vetting was more than 2000 RM • For 90% of the international student, the Visa renewal cost is between 500-1500 RM • 79% of the international student goes back to their home country after one year and 78% says the cost is more than 1000 RM for travel • For 74% international student, the relocation cost is more than 4000 RM, and 70% responded that their monthly expenses is more than 2000 RM • For international students, 61% of the total relocation cost comprises of deposits, which usually gets reimbursed after a year. The remaining 39% is consumables • For international students, 37% cost is the rent they need to pay on monthly basis, which is fixed. The variable cost is the food and housing (grocery, household equipment, clothing, etc.) comprises of 51% which they need to control for any uncertain risk
- 26. TAKE-HOME MESSAGE – LOCALS • Relocation expenditure • Inside Klang Valley most spend 0 RM • Outside Klang Valley most spend more than 2000 RM • Spend the most on deposit • Monthly expenses • Both over a third spend 1000-2000 RM • Spend approximately a third on food • Inside Klang Valley a third spend less than 1000 RM • Loans • Car-related expenses (car insurance, travelling, parking) • Outside Klang Valley a third spend 2000-3000 RM • Spend on rent and household items • Majority of students outside Klang Valley go back to their hometown 1-3 times a year • Most spend less than 250RM
- 28. Suggestions from students Opportunities for part-time jobs on campus Payment for extra hours of teaching, marking, lab etc. Personal bonuses for publications Student loans Stipend increment Visa renewal or relocation support Financial planning programmes Affordable healthy food choices Affordable accommodation choices
- 29. SUGGESTIONS: FOR VISA RENEWAL EXHIBIT-B Yes, it is hard to meet financial requirements for visa and medical fee in advance Yes. Visa fees is equivalent to half of my Scholarship per month. It becomes hard to survive that month, while paying them. I highly recommend visa fee to be covered by Monash merit scholarship Yes, paying visa fees and other medical expenses are very troublesome, with no money left for our monthly expenses. Yes. Visa and medical fees can be covered by university because there are other major expenses involved with relocating. Paying the visa is a major burden. Yes. It took me around one and a half year to go to proper specialist which I would have done as soon as possible if I didn't have to pay fee should the insurance had taken care of it in the first place. Yes, as students, we don't have the instant money and it is sometimes difficult to get it on emergency or to get our parents sending it right away to us. YES MAY BE DIVIDED IT INTO SMALL INSTALLMENTS
- 30. STUDENT EXPERIENCE REGARDING MEDICAL INSURANCE EXHIBIT-C: • The coverage policy is blur to a great extent. One of the respondents have to pay from his own pocket which was supposed to be covered by the insurance. • The terms and condition should be clearly described to new students so that one should know the extent of its coverage and plans its finances. • The claim period is too long, almost a month • Alternatives should be looked into that provides better facilities other than the reimbursement process • Alternative mode of payment should be introduced which saves students to pay from their own pockets and then waiting for the reimbursement.
- 31. REASONS WHY STUDENTS TRAVEL BACK HOME (OUTSIDE KLANG VALLEY) EXHIBIT-D
Editor's Notes
- - Took out 1%
- So for Malaysians, we decided to split it to students who live outside and inside the Klang Valley. As you can see here, the distribution of Malaysian students who are under the Merit scholarship, receive external funds and are on tuition fee waiver are the same, regardless of whether they live in Klang Valley or not
- You would expect relocation costs to differ Students that live outside Klang Valley would spend more when relocating with the majority of students spending more than RM 2000 Whereas the majority of students that live in Klang Valley don’t bear any relocation costs On the next slide, we have the breakdown of these costs
- Outside Klang They would have to rent a place near the university subjected to deposits Inside Klang for the 41% that did bear relocation costs, deposits make up a great portion of their spending
- Took out 3% for left Took out 3% and 2% for the right For both inside and outside just over a 1/3 spend 1K-2K 1/3 of students outside Klang Valley spend 2K-3K while 1/3 of students inside Klang Valley spend less than 1K.
- Outside Klang Valley most of their money goes towards their rent, then food. Inside Klang Valley most of their money goes to student loans, car insurance and food.
- Compared to international students, Malaysian students living outside Klang valley would travel back to their hometown more frequently. Most students spend less than 250RM for a round trip
- - deposit… and then furniture
- Part time jobs: Students ask to create on campus part-time jobs (admin, in-office, lab etc.) due to the following reasons: To minimize the distraction from their research It’s not possible for International Students It will generate extra income for students who might face financial difficulties Payment for extra hours of teaching/marking/lab/etc. - Although it is stated that a student must commit 10 hours for the Teaching hours, the vast majority of the students claim that they spend more than the designated time to execute their tasks. As such, the payment for over time is asked by the students Personal bonuses for publications: - Some students ask if it is possible to receive a personal bonus/rewards for the publications. Provide affordable healthy food choices - Many students agree that their financial situation can be controlled, given the very strict and well-thought financial planning, such as eating at affordable places, restricting their outside activates etc. It is stated by the very same students that Monash lacks of choices for “healthy food”. Most of the food choices, which are low in price, are not necessarily good in nutrition.