Volume 24, Issue 1 (5-2025)
jhosp 2025, 24(1): 67-80 |
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Safaei Lari M, Mohammadi A A, Raeisi H, Raeisi Z. Full Cost Analysis of the Student Loan Disbursement Process: A Case Study of the Iranian Ministry of Health's Student Welfare Fund. jhosp 2025; 24 (1) :67-80
URL: http://jhosp.tums.ac.ir/article-1-6745-en.html
URL: http://jhosp.tums.ac.ir/article-1-6745-en.html
1- Department of Health Management, Policy and Economics, School of Public Health, Tehran University of Medical Sciences(TUMS), Tehran, Iran.
2- Students' Welfare Fund, Iranian Ministry of Health and Medical Education, Tehran, Iran.
3- Department of Health Management, Policy and Economics, School of Public Health, Tehran University of Medical Sciences(TUMS), Tehran, Iran. *Corresponding Author Email: zakiyeh.reisi@gmail.com
2- Students' Welfare Fund, Iranian Ministry of Health and Medical Education, Tehran, Iran.
3- Department of Health Management, Policy and Economics, School of Public Health, Tehran University of Medical Sciences(TUMS), Tehran, Iran. *Corresponding Author Email: zakiyeh.reisi@gmail.com
Abstract: (1414 Views)
Background and purpose: The Student Welfare Fund of Iran's Ministry of Health is a public institution tasked with providing financial aid to medical students. Amid growing demand for these services and constrained government resources, a comprehensive analysis of the full cost of loan disbursement is crucial for ensuring operational efficiency and financial sustainability.
Methods: This applied, descriptive study conducted a retrospective cost analysis from the perspective of the Student Welfare Fund. The study population comprised all student loan records processed during the 2024 fiscal year. A hybrid top-down and bottom-up costing methodology was employed to determine the full cost of the loan disbursement process. Data were extracted from the Fund's internal financial records, annual reports, and publicly available price lists for equipment and consumables, and subsequently analyzed using Microsoft Excel.
Results: The full cost per loan processed was lowest for single-student academic and essential-needs loans, at IRR 33,538,137, and highest for housing deposit loans, at IRR 56,743,475. The total cost for all student loans disbursed during the 2024 fiscal year amounted to IRR 124,222,283,295.
Conclusion: Processing times were shortest for academic loans and longest for housing deposit loans. Human resources constituted the largest cost component in the disbursement process. Despite the significant personnel costs, a comparison between the full costs and the service fees collected suggests that the Fund's operational processes and staff performance are acceptably efficient.
Methods: This applied, descriptive study conducted a retrospective cost analysis from the perspective of the Student Welfare Fund. The study population comprised all student loan records processed during the 2024 fiscal year. A hybrid top-down and bottom-up costing methodology was employed to determine the full cost of the loan disbursement process. Data were extracted from the Fund's internal financial records, annual reports, and publicly available price lists for equipment and consumables, and subsequently analyzed using Microsoft Excel.
Results: The full cost per loan processed was lowest for single-student academic and essential-needs loans, at IRR 33,538,137, and highest for housing deposit loans, at IRR 56,743,475. The total cost for all student loans disbursed during the 2024 fiscal year amounted to IRR 124,222,283,295.
Conclusion: Processing times were shortest for academic loans and longest for housing deposit loans. Human resources constituted the largest cost component in the disbursement process. Despite the significant personnel costs, a comparison between the full costs and the service fees collected suggests that the Fund's operational processes and staff performance are acceptably efficient.
Type of Study: Original Article |
Subject:
سایر
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