Proceedings of The 4th International Academic Conference on Education
Factors Contributing to Educational Wastage and Economic Impacts of Educational Wastage in Higher Education: A Case Study of the Households in The Lower Northeastern Region of Thailand
This research aims to study the factors that contribute to educational wastage in higher education of households in the lower northeastern region of Thailand, which was reflected by dropout and delayed graduation. The undergraduate students of Ubon Ratchathani University during the academic years of 2016-2020 are the research’s sample group, whose data were collected and analyzed using logistic regression analysis. The results show that there was a moderate rate of educational wastage (0.27%) during the academic years of 2016-2020, which mostly caused by dropout. However, when focusing on individual academic years, it was shown that the academic year of 2017 saw the highest rate of education wastage (0.49%), which was mostly caused by delayed graduation. The major factors which contributed to dropout and delayed graduation included gender, GPA, father’s income, mother’s income, and academic field of study. Moreover, education wastage is a statistically significant factor that increases the likelihood of households making no income. In addition, considering the overall economic impact of the country from educational wastage, the total value of educational wastage in the lower northeastern region of Thailand from 2016 to 2020 is 271.12 million baht, with the academic year of 2017 being the year with the highest wastage value of 114.44 million baht. This reflects the opportunity cost of Thailand which could have been better spent by the government on other development projects within the country. Ubon Ratchathani University should consider reviewing its policies and implementing relevant measures to reduce educational wastage and increase ontime graduation.
keywords: educational wastage, dropout, delayed graduation.