Perceived Agreement
Previous studies – such as those carried out by Abu Bakar et al. (2006) and Volkwein et al. (1998), for example – indicate that students have knowledge towards loan agreement, and that they can therefore manage their money efficiently. Nevertheless, the study here still takes into consideration loan agreement; however, we intended to investigate how students perceived loan agreement. The researcher has subsequently found that students more commonly perceive loan agreement negatively rather than positively. The negative perceptions include loan agreement being too long, the content lacking clarity, and loan agreement needing to use simpler language which is easier, and loan agreement needing to use simpler language which is easier to understand. Moreover, students complained that the time given to complete the loan agreement from was not adequate, and also that their understanding of the content of the loan agreement and completion of the forms largely depended on the instructions given during briefings in the universities concerning filling in the loan agreement from. However, several students perceived the loan agreement as being easy to understand