__ THE EFFECT OF HAVING FINANCIAL PROBLEM TOWARDS THE ACADEMIC

PERFORMANCE OF SENIOR HIGH SCHOOL STUDENTS EVENING CLASS OF

A Paper
Presented to
the Faculty of the Senior High School Unit
Assumption College of Davao
J.P Cabaguio Avenue, Davao City

In Partial Fulfillment
Of the Requirements for Practical Research 1

Phex Indac
Alger Damian
Honey Kaye Peralta
Josephine Sotello
Stephen Duray
Harold Alegre
Dioney Laurence Urdeneta
March 2020
 CHAPTER 1

INTRODUCTION

Background of the Study

The researchers all know that having financial problem in paying school bills has

a big impact to the level of performance of Senior High School students. The

researchers want to conduct this study to investigate, to look for more information in

finding out the existence of that certain phenomenon.

According to American Council on Education (2006, May). In the place of

Indonesia believed that Staying in school and graduating on time is an important factor

for students and their families. Greater financial burdens may lead students to reduce

coursework or drop out of school for paid work. This statement stated that the reason

why students experienced dropping out or lessens credit hours is due to financial stress.

According to an old review of published psychology research in the Philippines

that in Metro Manila, financial stress and coping has been one of the most intensively

researched topics among Filipino psychology researchers (Bernardo, 1997). It means

that students who have financial Crisis or difficulties in attaining the bills required by the

school either public or private institutions have greater impact to the level of student's

performance.
 According to Villegas(2019), TRULY Rich Club member and financial literacy

advocate Edna Villegas-Cheng said majority of the Dabawenyos still do not have idea

how important is the financial literacy in one’s development. During the Kapehan media

forum Monday, February 25, at the SM City, she said people do not realize how

important it is to be financially literate in order to be able to manage finances properly.

“Whenever I do talks, many people don’t know on how to manage their money.

[Financial literacy] is very important because if you don’t know how to manage your

money, then how will you save? Where will you get your emergency money? How will

you be able to do other advocacies?” Villegas-Cheng said.

In Assumption College of Davao Senior High School evening class student’s

needs support for financial problem, to they get money to pay their tuition fee, projects

and etc…, students now a days it is not easy to find money to pay their needs to the

school. According to lesly(Jan,2020) “ yes the students can’t graduate without money

because if you don’t have enough of money you can’t buy your projects and you can’t

buy your school supply, and also if you don’t money you can’t fast arrive going to your

school, and it’s too hard to find money because you’re a student.
Statement of the Problem

The study aims to determine the effect of having financial difficulties towards the

Academic performance of Senior High School Students in Assumption college of Davao

under the school year of 2019-2020.

Specifically, this study sought to answer the following questions:

1. What is the extent of having money crisis towards the level of performance of SHS

evening class in terms of: Paying school bills?

2. Is Financial stress affect the academic performance of shs students evening class in

Assumption College of Davao?

Research Questions:

This study aimed to answer the following questions:

1. What will you do if the examination is coming and then you don’t have

enough of money to pay?

2. What is the best thing to do to get money for your needs?

Theoretical Framework

This study aims the student When worried about the paying of the school and

you’re trying to decide on the best way to solve your financial problems, many people

start to wonder if they missed something as they went through school. As adults we’re

expected to know how to manage our money properly. However, either a lot of people

skipped that class, or maybe it was never offered. The good news is that you don’t need
a degree from an ivy-league university to help you solve financial problems. Here are 9

steps and 8 self-study assignments, some catch-up homework if you will, from the

school of common cents that you can challenge yourself with if you want to solve your

money and debt problems

According to (Crocker,Luhtanen.2003), The unique effects of level of self-esteem

and contingencies of self-worth assessed prior to college on academic, social, and

financial problems experienced during the freshman year were examined in a

longitudinal study of 642 college students. Low self-esteem predicted social problems,

even controlling for demographic and personality variables (neuroticism, agreeableness,

and social desirability), but did not predict academic or financial problems with other

variables controlled. Academic competence contingency predicted academic and

financial problems and appearance contingency predicted financial problems, even after

controlling for relevant personality variables. We conclude that contingencies of self-

worth uniquely contribute to academic and financial difficulties experienced by college

freshmen beyond level of self-esteem and other personality variables. Low self-esteem,

on the other hand, appears to uniquely contribute to later social difficulties.

This model will help the student how they solve their financial problem with the

help of the following article, As a separate subject of discipline, finance is still in its

infancy. It was only the latter half of the twentieth century that witnessed most of major

developments in finance with scientific rigor. This means that the whole profession of

finance had to digest a very large amount of new theoretical developments in a

relatively short time period. Teachers, students, and business people have been

continuously introduced to new models, theories, and empirical results thereof over the

recent years and the trend continues. Started out as largely a descriptive, institutional

field of study, finance has quickly transformed into a science full of theoretical thrusts.

While few would dispute its origin as a branch of applied microeconomics, finance now

is as theoretical as its mother discipline. The rapid changes in finance have had a

profound implication for business education. Especially, such extensive and rigorous

theoretical developments over the recent past have made finance teaching in college

classrooms increasingly challenging. Finance is one of the most quantified and

theorized disciplines in business curriculum. The dynamic and complex nature of

finance requires continuous development of new theories. As intellectual advances

in finance continues in the form of more sophisticated theoretical inquiries, the

challenge of teaching finance theories will only grow bigger. Yet, finance is somewhat

unique in terms of the correspondence between theory and evidence. While we educate

students to make independent critical evaluations of the contending points of views,

many finance theories are still at their developmental stage and so they are highly
controversial, debatable, and subject to close scrutiny. This poses as the very first

problem to a finance instructor – What particular theories and models should be taught?

 Parent want you

Individual
Goals

 Self Decipline

Appropriate
Goals

Significance of the Study

Significance of the Study

• This issue will help the student how to solve the financial problem

• This issue will also help the student to find solution how You might be having

budgeting problems if you're consistently running out of money before you run out of

month, and you find yourself relying on credit cards to make ends meet. You look at
what you earn and wonder why it doesn't seem to be enough to cover all your bills even

through you earn a good salary.

Scope and Delimitations

The study limited to finding out the factors affecting the financial support on

Senior High School Evening students, Hence it is further delimited to the Senior High

School Evening students in Assumption College of Davao as the respondents of the

study who is particularly related to the financial support.

Definition of Terms

Financial problems - is a situation where money worries are causing you stress. Many
people are facing hard financial times and the impact on mental health can be
significant. These problems can seem impossible to overcome, but you can get help
and take steps to improve your situation.

Tuition - is a fee paid for instruction or teaching, usually for higher education. Many
students need to get part-time jobs to pay their college tuition. The word tuition comes
from the Anglo-French word tuycioun, meaning "protection, care, custody."

Financial support - financial resources provided to make some project possible

Organization of the Study

This study is organized in five chapters.

are the existing phenomena that is happening around. Thus, this help us to formulate

and to state the problem.

The second chapter was all about asking questions and explored existing

literatures and studies. This chapter will most likely present other studies coming from

different authors. Also, in this chapter where reviewing literature will happen.

Chapter Three described the method that was being used and evaluating the

answers through the collected data. This chapter will present the data that was being

gathered. Additionally, this will also present the ways upon conducting and gathering

the data. On top of that, this will present how the data used to find the answers in our

study.

The Fourth Chapter was to assess the gathered data. This chapter will also

analyze the meaning of the findings to be used in the study. Moreover, after assessing

the findings this chapter will also present the conclusion.

The Final Chapter provides the analysis of the gathered data or the findings from

the respondents. In this chapter also, will most likely to discussed the conclusions

regarding to the effect of having financial problem towards the academic performance

of senior high school students evening class of Assumption College of Davao. Report

the data and defend the study.

American Council on Education (2006, May).

https://link.springer.com/article/10.2145/20070104

(Conger, Elder, Lorenz, Conger, Simons, Whitbeck, Huck, & Melby, 1990; Elder,

Conger, Foster, & Ardelt, 1992; Thomasson & Lawrence, 1991),

https://vtechworks.lib.vt.edu/bitstream/handle/10919/30519/1.PDF?sequence=2&isAllow

ed=y

Villegas-cheng (2019), https://www.sunstar.com.ph/article/1794278

https://www.mymoneycoach.ca/cgi/page.cgi/2/article.html/MyMoneyCoach_Blog/solutio

ns-to-money-life-problems-without-cambridge

https://www.economics-finance.org/jefe/fin/Changpaper.pdf

https://journals.sagepub.com/doi/abs/10.1177/0146167203029006003