The slide of the ringgit to its lowest value since the 1998 financial crisis has had a significant impact on self-funding Malaysian students abroad.

Parents of tuition-paying students in the West have to fork out more than initially estimated as the difference between the values in currencies continues to increase.

"The amount that you put aside in your mind has got to be increased by a lot more," said Tunku Ahmad Burhanuddin, who has two children currently studying abroad.