Financial Problem Encountered by SHS Students of S

FINANCIAL PROBLEM ENCOUNTERED BY SHS STUDENTS
OF SNCSTI AND IT'S CORRELATION TO
THEIR ACADEMIC PERFORMANCES
Background Study :
Financial problem is a very serious issue in our life particularly in our academics.
Money is needed in larger amounts, you can buy anything you needed. Paying
for any school related costs, such as tuition fees and school supplies. For some
project and expenses,even scholarship students required money. This is a
problem among students,specially in Senior High School. Other Senior High
School students doesn't have enough money to pay for their tuition fees. Others
need to pay for books, photocopies and etc. Every Senior High School students
that are experiencing poverty needed to sacrifice their education and stop their
studies. Financial problem faced by Senior High School students are known as
they do not have enough money for their daily expenses, where money worries is
causing them to stress. After that, financial problems will bring impact to both
mental and physical health making the students loses focus on their academics
performance.
Objectives :
This study aimed to know how many Senior High School students inside the
institution are experiencing financial problem.
This study aimed to identify the correlation between the financial problem and
Senior High School students of SNCSTI academic performance.
Review Of Related Literature :
Financial problems are commonly faced by everyone, especially for those who
come from underprivileged or low-income families.
According to Asri, Abu Bakar, Laili and Saad (2017), stated that although
students do not have a commitment on paying monthly debt instalments like
other households, however, their status as students requires them to pay their
education fees, rents and other essentials, by which they received the financial
from loans, scholarships or their families. In addition, students who come from
underprivileged or low-income families might affect their academic
performance. Many past research has been done to show a relationship
between financial problems and the students' academic performance.
Olufemioladebinu, Adediran, and Oyediran (2018) claim that a student's

academic performance in a test has been positively impacted by their parent's
money or social position.This is further corroborated by a prior study by
Olufemioladebinu et al. (2018), which found that pupils from lower socioeconomic
family status typically perform worse academically than those from higher
socioeconomic family status
Nnamani, Dikko, and Kinta (2014) noted that students' financial issues
significantly contribute to their poor academic performance, which ultimately
results in the bad quality of education in various ways. According to this early
studies, having money issues causes financial stress, which subsequently affects
kids' poor academic performance.
According to Dang and Bulus (2015), stated that many Americans are affected by
the economic downfall. Even college students often worry about their finances,
which then this financial worry may affect their academic performance as the
students are dividing their attention between financial and academic. Hence this
can be stated that the family's finances are motivation and encouragement for
the students to have a good academic performance.
According to Widener (2017) mentioned that there are two ways of how a
financial problem could affect the students academic performance which are
health problems and having to work part-time. Widener (2017) further added that
financial problems lead to health problems such as anxiety which then lead to
negative behaviors such as addiction to alcohol or uncontrolled shopping, hence
making the students lose their focus on their academics. When students face
financial problems to cope with the high cost of living, they are more exposed
and vulnerable to health problems. Therefore, here comes the issue of whether
students who have financial problems can handle the stress of managing their
daily lives and finance.
References :
1. Asri, N. M., Abu Bakar, N., Laili, I. A., & Saad, S. (2017). Status Kewangan
Dan Tekanan Dalam Kalangan Mahasiswa. Jurnal Pengguna Malaysia, 5(29),
63–83. Retrieved from http://macfea.com.my/wp-content/uploads/2018/11/Artikel-
5-JPM-Jilid-29-Dis-2017.pdf
2.Olufemioladebinu, T., Adediran, A. A., & Oyediran, W. O. (2018). Factors

Influencing the Academic Achievement of Students’ in Colleges of Education in
Southwest, Nigeria. Journal of Education and Human Development, 7(3), 109 –
115. Retrieved from https://doi.org/10.15640/jehd.v7n3a12
3.Nnamani, C. N., Dikko, H. G., & Kinta, L. M. (2014). Impact of Students’

Financial Strength on their Academic Performance: Kaduna Polytechnic
Experience. An International Multidisciplinary Journal, 8(1), 83–98. Retrieved
from https://doi.org/10.4314/afrrev.v8i1.7
4.Dang, E. I., & Bulus, E. J. (2015). The Impact Of Finance On The Academic
Performance Of Secondary School Students In Akwanga Local Government Of
Nassarawa State, Nigeria. Journal of Social Sciences and Public Policy, 7(2),
44–54. Retrieved from
https://www.researchgate.net/publication/284551946_the_impact_of_finance_on
_the_academic_performance_of_secondary_school_students_in_akwanga_local
_government_of_nassarawa_state_nigeria
5.Widener, K. N. (2017). Financial Management Issues of College-Aged

Students: Influences and Consequences (Thesis). Selected Honor Theses.
Retrieved from https://firescholars.seu.edu/cgi/viewcontent.cgi?
article=1063&context=honors

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FINANCIAL PROBLEM ENCOUNTERED BY SHS STUDENTS

OF SNCSTI AND IT'S CORRELATION TO

THEIR ACADEMIC PERFORMANCES

Review Of Related Literature :

Olufemioladebinu, Adediran, and Oyediran (2018) claim that a student's

2.Olufemioladebinu, T., Adediran, A. A., & Oyediran, W. O. (2018). Factors

3.Nnamani, C. N., Dikko, H. G., & Kinta, L. M. (2014). Impact of Students’

5.Widener, K. N. (2017). Financial Management Issues of College-Aged

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