Scribd Logo
Upload

Welcome to Scribd!

  • 2K views

    Financial Problems Are Commonly Faced by Everyone

    Uploaded by

    Grace Ann Mancao Potot
    Financial problems are commonly faced by students, especially those from underprivileged families. The Philippines Department of Education survey found that most students suffer from low income, debt, and financial illiteracy. Data shows that 16.6% of Filipinos live below the poverty line, making distance learning difficult. This pandemic has increased financial problems for students as they adjust to remote learning without support. Financial problems can negatively impact academic performance as students work more to earn income instead of studying or cannot afford learning materials. This research aims to further explore how lack of funds affects students' academics during the pandemic.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Financial Problems Are Commonly Faced by Everyone

    Uploaded by

    Grace Ann Mancao Potot
    2K views2 pages
    Financial problems are commonly faced by students, especially those from underprivileged families. The Philippines Department of Education survey found that most students suffer from low income, debt, and financial illiteracy. Data shows that 16.6% of Filipinos live below the poverty line, making distance learning difficult. This pandemic has increased financial problems for students as they adjust to remote learning without support. Financial problems can negatively impact academic performance as students work more to earn income instead of studying or cannot afford learning materials. This research aims to further explore how lack of funds affects students' academics during the pandemic.

    Original Title

    Financial problems are commonly faced by everyone,.docx

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Financial problems are commonly faced by students, especially those from underprivileged families. The Philippines Department of Education survey found that most students suffer from low income, debt, and financial illiteracy. Data shows that 16.6% of Filipinos live below the poverty line, making distance learning difficult. This pandemic has increased financial problems for students as they adjust to remote learning without support. Financial problems can negatively impact academic performance as students work more to earn income instead of studying or cannot afford learning materials. This research aims to further explore how lack of funds affects students' academics during the pandemic.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2K views2 pages

    Financial Problems Are Commonly Faced by Everyone

    Uploaded by

    Grace Ann Mancao Potot
    Financial problems are commonly faced by students, especially those from underprivileged families. The Philippines Department of Education survey found that most students suffer from low income, debt, and financial illiteracy. Data shows that 16.6% of Filipinos live below the poverty line, making distance learning difficult. This pandemic has increased financial problems for students as they adjust to remote learning without support. Financial problems can negatively impact academic performance as students work more to earn income instead of studying or cannot afford learning materials. This research aims to further explore how lack of funds affects students' academics during the pandemic.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Financial problems are commonly faced by everyone, especially by those who

    come from underprivileged or low-income families. According to Asri, Abu Bakar,


    Laili, and Saad (2017), although students do not have a commitment to paying
    monthly debt installments like other households, their status as students requires
    them to pay their education fees, rent, and other essentials, for which they received
    the financial support from loans, scholarships, or their families. In
    addition,students who come from underprivileged or low-income families might
    affect their academic performance. Many studies have been done to show a
    relationship between financial problems and students' academic performance.

     The DEPed (Department of Education) survey (2020) reported that most of the
    students suffer from low income, low financial literacy, compulsive spending
    tendencies, and high debt levels.

     Data from the Borgen project (2019) indicate that 16.6% of the population of the
    Philippines, or about 17.6 million people, live below the poverty line, making it
    difficult for a few students to adjust to distance learning. Daud, Norwani, and
    Yusof (2018) mentioned that most educational systems across the world have
    migrated to remote learning modalities as a measure against the spread of the
    coronavirus disease 2019 (COVID-19). This means that the biggest problem that
    many students encounter right now is the lack of financial support. This problem
    complicates the lives of students as they adjust to the new learning system, which
    some students find difficult.

     Furthermore, financial problems lead to various problems that will eventually


    affect the students’ academic performance. Another way financial problems could
    affect the students' academic performance is stated by Widener (2017): in order to
    overcome the financial problems, most students make the decision to work part-
    time or even work for a long time, which takes away their time focusing on their
    academics. Hence, having a part-time job leads to a lack of studying, taking fewer
    credit hours, and poor attendance, resulting in poor academic performance.

     According to Asri et al. (2017), students who come from underprivileged socio-
    economic status families are often constrained by problems such as needing to
    work to help their families and being incapable of buying learning materials that
    will ultimately impact their academic performance. By juggling between jobs and
    academics, some students have to struggle to overcome and manage their financial
    problems. This affects their academic performance, as they have to divide their
    focus and attention between work and their academics.
    Financial problems among students have a great impact on their academic
    experience, which could have a negative impact on their performance. This
    pandemic has undoubtedly reshaped and pushed the educational system to its
    limits. However, this unpredicted event is the same thing that will make the
    educational system stronger and survive future threats. This research wants to
    explore and investigate more about the lack of funds and financial problems the
    students currently experience that might affect their academic performance.

    To expand this research, researchers may further investigate this area, explore
    more of this problem, and provide strategies to overcome the challenges.

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy