DECISION SUPPORT SYSTEM FOR MALAYSIAN UNDERGRADUATE STUDENT’S STUDY LOANS

Decision Support System (DSS) has been extremely studied in the both individual and group decision making. Until today, there is no DSS that assists individual in selecting suitable study loan. This report presents the research and techniques used in developing DSS that assists Malaysia undergraduate students in selecting study loan. The results of the feasibility study had revealed that DSS is applicable for individuals that are actively searching for study loan.
The objectives of this study is to develop a DSS that guides students in choosing the most equitable study loan as well as the shortest payback time for their study loan. The DSS was developed based on waterfall model with 4 phases which are (1) Requirement Definitions, (2) System and Software Design, (3) Implementation and Unit Testing, and (4) Integration and System Testing.
The system can provide its users updated information about the amount needed in a particular program offered by a college in order to make effective decision in choosing the amount of study loan. In addition, users will also know about the amount to be reimbursed to its loan provider upon their completion of study.