THE EFFECT OF HAVING FINANCIAL PROBLEM TOWARDS THE ACADEMIC

PERFORMANCE OF SENIOR HIGH SCHOOL STUDENTS EVENING CLASS OF

ASSUMPTION COLLEGE OF DAVAO

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

Alegre,Harold
Damian,Alger
Duray,Stephen
Indac,Phex
Peralta,Honey kaye
Sotello,Josephine
Urdineta,Laurence

March 2020
 CHAPTER 1

INTRODUCTION

Background of the Study

At this time some students are struggling with school expenses, and another

problem for students is lack of school equipment. and added two more years for senior

high school, and those students who want to work students but under age can't work

because they are under age, and their parents can't afford to educate their child due to

a disability on financial support. and if other students lack the financial support, they will

be less educated. Nowadays it is difficult to make money for school supplies, food,

supplies, and more.(2020)

In addition, while civic education and empowerment involve space and

resources outside the classroom, this book focuses on funding. The book leaves aside

adult financial literacy education, a method largely tied to credit counseling, given the

focus on financial and civic education in schools.This chapter presents a dominant

consumerist view of financial literacy education generated in textual material from a

number of prominent organizations: the Organization for Economic Cooperation and

Development (OECD), the Canadian Federal Government, the Investor Education Fund

(IEF), Junior Achievement, the Ontario Institute for Educational Studies (OISE) and the

Ontario Provincial Government Arthur (2012).

 This research explores the experience of foreign students at the University of

Toledo, where international students make up nearly 10% of the student population.

This highlights the problems faced by international students, such as adapting to a new

culture, English language issues, financial issues and lack of understanding from the

wider community of universities. Impromptu advice Sherry and Thomas (2010).

No existing researches that has been conducted in local scope, the only

available is the global scope and national scope but they focused in funding and

problem of the students. Therefore our research is to further explain depending on what

is research problem.

Purpose of the Study

The purpose of this phenomenology study is to explore and explain the effect of

having financial crises towards the academic performance of a senior high school

students at Assumption College of Davao.

Research Questions

1. What is your expericiences to get enough money for your needs?

2. What is the struggle that you encountered to obtain money?

3. How do you cope up with financial difficulty?

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 and 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.

Conceptual Framework

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
to pass  To study hard
your study  To do everything to
make your goals in
Family Goals your life. Individual Goals
 Being responsible

 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.

 Review of Related Literature

THE EFFECT OF HAVING FINANCIAL PROBLEM TOWARDS THE ACADEMIC

PERFORMANCE OF SENIOR HIGH SCHOOL STUDENTS EVENING CLASS OF

ASSUMPTION COLLEGE OF DAVAO

RESEARCH AND POLICY IMPLICATIONS

Based on Elliot and Lewis(2010) The study of debt impacts on Financial well-

being research and policy implications generally focuses on revisiting the knowledge

gathered when it comes to the effect of student debt on the financial outcome of

students entering tertiary education, regardless of whether a degree flourishes or thrives

or leaves college inappropriately. This simply means that there is a greater downside for

those students who have to borrow money to meet the school's obligation, as opposed

to those students with the same year level and who could affordably pay the school

bills.

Savings Behavior and Financial Problems

According to Sabri and MacDonald (2010) the savings behavior and financial

problems among college students study talks about the connection between having

financial manangement and financial stress to financial literacy towards college students

In Malaysia. This study, in overall thinking, stated that student who could pass the test

scores about financial knowledge has probability that could be reported as having less

financial difficulties. Of course, it would happen if that student experienced bad luck
and acted a wrong habit in handling money long before. It would serve as a room of

improvement on educating student’s knowledge about financial scope.

Determinants of University Working-Students

As stated by Ansong and Gyensare (2012) the research entitled Determinants of

University Working Students' financial literacy at the University of Cape Coast Ghana

really focuses on investigating the problem in order to determine the financial literacy of

working students entering the university. It means that the study aim to gather for more

information in collecting data from the possible respondents of the study. This work

proved positively that age and work experiences were closely associated with each

other in explaining the field of financial literacy.

Financial Education on the Financial Knowledge of High School Students

According to Walstad, Rebeck and MacDonald (2010) the effects of financial

education on the financial knowledge of high school students has greater impact on

understanding the importance of recognizing and educating student knowledge about

financial manangement or handling money excellently. This paper significantly proved

that implementing a program about financial education, the student would probably

guide highly and would grow with development about finance when engaging financial

crises.
Gender Differences In Financial Well-Being Among College Students

in accord with Falahati and Paim(2010) Gender Differences in Financial well-

being among college students research found that the perceptivity of men and women

about financial scope were varied. The male and female students have own insights

about managing the bills. It depends on how the students' financial knowledge work

based on gender they have.

A vulnerable student population

According to Mohamad Fazli Sabri(2012) is to find out the relationship between

personal and family background in Financial well being.

10% of the students in the University Toledo are experience in English language

problems financial problems and lack of understanding from broader University

Community. Mark Sherry, Peter Thomas and Wing Hong Chui(2010).

The Roles of Parents, Work, and Education

the research about the problem of financial socialization of first year college

students the roles of parents, work and education speculatively means that the research

title itself focuses on investigating and explaining the role acted by the parents in giving

financial interaction towards student. The work experiences gives insight to the high

school student to become more aware and wise when handling money and the high

school financial education gives knowledge among students according to Soyeon

Shim, Bonnie L. Berber ,Noel A. Card, Jing Jing Xiao and Joyce Serido(2010).
CURRENT LITERATURE AND RESEARCH OPPORTUNITIES

Under to Ahsan(2013) the financial literacy are very important for the

undergraduate students. For the developing nation, rising cost of living is the key to

financially equip in financial decision making for the undergraduate students.f inancial

literacy, which can be defined as an understanding of how to earn, manage, and invest

money, has a critical impact on students’ ability to make smart choices about which

institute of higher education to attend, what to study, how to pay for college, and how to

manage student loan debt after graduation. Students who are financially literate are

better equipped than those who are not to make wise choices regarding school

selection, what degrees to pursue, and how to pay for postsecondary education. The

choices students make while in school often have a direct impact on their financial

futures.

financial behaviors and attitude

According to Norvilitis and MacLean(2010) parents are teaching their college

students to avoid dept. Students have credit card to purchase item not to dept. Students

have ability to bail them out their parents from dept. This study examined how parents'

teaching and modeling of financial concepts affects college student credit card debt (nÂ

=Â 173). Parental hands-on mentoring of financial skills was most strongly related to

lower levels of credit card debt and this relationship was partially mediated by it leading

to greater financial delay of gratification and less impulsive credit card purchasing which
in turn were related to less problematic credit card use. Having parents who struggled

with debt was not significantly related to debt although having parents who avoided

talking about finances predicted problematic credit card use. Students' beliefs that their

parents would bail them out of debt were related to lower levels of debt. Financial

knowledge and parental verbal instruction appear to have complex relationships to

credit card debt.

Issues Affecting U.S. Filipino Student Access to Postsecondary

Based on Buenavist(2010) first step is to identify a standard against which to

compare the IHL to. In this case the most relevant was an existing international

standard (OSHAS 18001:2007). It was tailored to better suit academic institutions with a

safety review. It then created a peer review process that included a "checklist" to

evaluate the software being evaluated to the personalized level. Peer review teams

were formed and the analysis performed with the appropriate expertise. A score for

each major component measured an overall score, and recommendations for change

were included in the final report. The findings of two peer reviews are analyzed together

with the advantages that resulted in There are 3.2 million Filipinos in the United States,

arguably the largest Asian American ethnic group. Although 36.7% of Filipino adults

have college degrees, which is much higher than their ethnic and racial counterparts,

U.S. Filipino youth have fewer postsecondary opportunities. Filipino immigrant and

second-generation youth exhibit high secondary "push out" rates, suffer from

depression and other mental health issues, demonstrate lower levels of participation

and retention in higher education, and attend less selective colleges if they pursue

postsecondary education. They are additionally marginalized by institutional policies

that do not consider the complexity of their lives. In the context of color-blind

educational discourse, their issues have been rendered largely invisible; they are often

not targeted or eligible for institution-sponsored postsecondary access and retention

programs. In this paper, I use Critical Race Theory to guide a review of literature to

show how the intersection between immigration, socioeconomic status, and race shape

the barriers to postsecondary opportunities for U.S. Filipinos.

Effectiveness of Madrasah ComprehensiveDevelopment and PromotionProgram

Based on Bagolong (2011) This study was designed to assess the effectiveness

of the Madrasah Comprehensive Development and Promotion Program in Davao City.

The Local School Board had taken its annual budget of 10 million pesos. Priority

programs include classroom construction, accredited center renovation, classroom

facilities, capacity building, educational tour, and competition for sports. His curriculum

includes the levels of kids and grade I-IV. The respondents agreed that the materials

used for the instruction were effective. The process of recruitment and selection,

training and development, and attributes to personality were highly effective. The

sources of funding and the budget allocation were moderate. The Madrasah

Comprehensive Development and Promotion Program prepares Muslim children to

become “assiduous, committed Muslims” in pursuing endeavors that are beneficial to

themselves, the families and the communities by primarily investing in the social, moral,

intellectual and religious education of the Muslim youth of Davao through traditional

Madrasah. MCDPP was created through President Gloria Macapagal-Arroyo issued

Executive Order No. 283 or An Order Creating a Madrasah Development Committee in

2004. The office was created as the center of basic government services in Muslim
communities all-over Davao City and recognizes the reality that the madrasah

development is hampered by resource constraints, impeding the system’s realization of

its potential as a viable and complementary educational system for Muslim Filipinos, as

well as recognizing each local madrasah system as a mechanism that can provide

educational opportunities that will contribute to the government’s efforts to enhance

lasting peace and equitable development in Mindanao.

Factors Influencing State Spending on Student Financial Aid and Campus

Appropriations

Elicited to McLendon Tandberg & Hillman(2014) This article reports on a study

that examined sources of variation in state spending on need-based aid, merit-based

aid, and appropriations over the period 1990–2010. Findings document relationships

among spending patterns and structural and political conditions of states, indicating

between spending on merit- and need-based aid; the presence of a highly centralized

structure is associated with decreased spending on merit-based aid programs and

increased state appropriations to colleges and universities. Some states invest relatively

heavily in financial aid programs that benefit lower-income citizens, while other states

concentrate their investment in programs that benefit students from higher-income

backgrounds. States also vary in their levels of direct appropriations to campuses, a

form of public subsidy that has long been viewed as benefitting middle-income citizens.

What factors influence states to allocate higher education subsidies in a more or a less

redistributive manner? This article reports on a study that examined sources of variation

in state spending on need-based aid, merit-based aid, and appropriations over the

period 1990-2010. Findings document relationships among spending patterns and

structural and political conditions of states, indicating a "trade-off" between spending on

merit-and need-based aid; as states invest more in the former, they reduce spending on

the latter. We also show that the presence of a Republican governor and the strength of

Republican representation in state-houses each is associated with increased state

spending on need-based financial aid. Our results further show that increased wealth is

positively associated with state spending on merit-based financial aid programs and

state appropriations for higher education, but not need-based financial aid. We also find

distinctive patterns of state support for higher education depending on the degree of

centralization of a state's governance arrangement for higher education; namely, the

presence of a highly centralized structure is associated with decreased spending on

merit-based aid programs and increased state appropriations to colleges and

universities.

Sensation-Seeking, Risk-Taking, and Problematic Financial Behaviors

As stated by Worthy Jonkman & Blinn-Pike (2010), on this article said that debt for

the college students is increasing about the financial problem The results showed

student financial behaviors were related to age, gender, public assistance, adult status,

sensation-seeking, and potential for problem gambling. The results showed student

financial behaviors were related to age, gender, public assistance, adult status,

sensation-seeking, and potential for problem gambling. This study is unique in that it

investigated the relationship of emerging adult/adult status and other individual and

socio-demographic variables to financial behaviors among college students, a

conceptualization that has not been explored in the past. College students are at

especially high risk for serious financial problems due to easy availability of credit cards,
rising tuition, and a declining economy. Arnett (Am Psychol 55:469–480, 2000)

proposed 18–25year olds may be considered emerging adults and are characterized by

less stable financial situations than those who perceive themselves to be adults. A

survey was given to 450 students at two Mississippi universities. The results showed

student financial behaviors were related to age, gender, public assistance, adult status,

sensation-seeking, and potential for problem gambling. This study is unique in that it

investigated the relationship of emerging adult/adult status and other individual and

socio-demographic variables to financial behaviors among college students, a

conceptualization that has not been explored in the past. KeywordsAdult status-College

students-Financial behaviors.

financial considerations to poverty

as stated by Breier (2010), Education of the student is to reflect the financial

problem from the school because fails to deprivation among the students the article said

that study of student retention and graduate destination at seven HE institutions in

South Africa, focusing on the University of the Western Cape which caters for a large

proportion of impoverished students. so that few students drop-out from previouse

school because of financial consideration. students in countries where many people live

below the poverty datum line. This article draws on a study of student retention and

graduate destination at seven HE institutions in South Africa, focusing on the University

of the Western Cape which caters for a large proportion of impoverished students. The

study found many students left before completing a qualification because they were too

poor to stay. The model also invites consideration of the national and international

factors which impact on the social/economic/political milieu in which students’ persist-or-

depart decisions are made. A model of student departure is presented which draws on

the very influential work of Vincent Tinto but also allows for greater emphasis than he

did on students’ ability to pay (real or perceptual) and demarcates the times in the

academic calendar when finances present their greatest challenge to retention.

Underrepresented minority

Based on Mwenda (2010), STEM doctoral programs need for financial support

with faculty advisory because stem student. this study examines the influence financial

support and relationships with faculty advisors and doctoral peers have on doctoral

students' experiences and progress. Students reported that this sequence of funding

supports successful transition into the doctoral program, development of academic and

professional competencies during the middles years. ) but also for successful transition

into their respective professions and careers. Funding takes a different form and plays a

different role in shaping students' positive experiences in each of the three stages of

doctoral study: fellowships during a student's transition year(s), teaching/research

assistants during the middle years, and fellowships during the final year(s). Students

reported that this sequence of funding supports successful transition into the doctoral

program, development of academic and professional competencies during the middles

years, and successful doctoral completion during the. Beginning with the understanding

that minority students are often underrepresented in STEM doctoral programs despite

their growing proportions in the population, this study provides a description of selected

minority doctoral students' experiences in STEM programs. Specifically, this study

examines the influence financial support and relationships with faculty advisors and

doctoral peers have on doctoral students' experiences and progress. Data for this
research were obtained from 13 minority respondents enrolled during spring, summer,

and fall 2009 and 73 majority respondents who provided some comparisons and

contrasts. The participants were all Ph.D. students from several STEM programs at a

research university in the Midwest. Findings from this study suggest that financial

support of doctoral students through fellowships and research/teaching assistantships

enables students to interact closely with their faculty and their peers and consequently

become integrated into the social and academic systems of their programs. Further,

through their experiences in teaching and research minority students report acquiring

skills and competencies useful not only for graduate school success (e.g. time

management; course reading; dissertation writing) but also for successful transition into

their respective professions and careers. Funding takes a different form and plays a

different role in shaping students' positive experiences in each of the three stages of

doctoral study: fellowships during a student's transition year(s), teaching/research

assistants during the middle years, and fellowships during the final year(s). Further,

through their experiences in of selected minority doctoral students' experiences in

STEM programs. Specifically, this study examines the influence financial support and

relationships with faculty advisors and doctoral peers have on doctoral students'

experiences and progress. Data for this research were obtained from 13 minority

respondents enrolled during spring, summer, and fall 2009 and 73 majority respondents

who provided some comparisons and contrasts. The participants were all Ph.D.

students from several STEM programs at a research university in the Midwest.

Impact on Undergraduate Student

Pursuant to Solis & Durband (2015), financial support for all undergraduate

student. the survey conducted during the fall 2006 Semester. in united states the result

was used to determine the ndemographic characterestic. Logistic regression was used

to determine the impact of financial support on financial satisfaction. The analysis

indicates that the probability for dissatisfaction among undergraduate students declined

when they received scholarship and grant support. These findings highlight the need to

provide more helpful strategies for undergraduate students to manage and minimize

education debt and improve their present and future financial situation. The purpose of

this study was to examine the relationship between financial stress and academic and

social functioning and satisfaction in a volunteering sample of undergraduate residential

college women in Western Massachusetts, which included students who identified their

enrollment status as either dependent or independent as defined by 2011-2012 federal

financial aid guidelines. The main research question asked to investigate these

relationships is "What is the relationship between financial stress and academic and

social functioning and satisfaction in undergraduate residential college women's

experiences?" The major findings in the study showed varying degrees of significance

from moderate to strong that reflect both negative and positive correlations between the

independent variable financial stress and the dependent variables, academic and social

functioning and satisfaction. However, because of the limited responses received, and

the study's small sample, these findings are inconclusive in regards to the research

questions asked and the diversity of the population sampled. The applicability of the

findings reported is limited to the respondents in this study and not generalizable to the
target population of undergraduate residential college women attending schools in

Western Massachusetts.

Relationship Between Family Support

The involvement of students from school such as Computing and Multimedia

Technology and Communication are important in order to see their intention to become

entrepreneurship as nowadays technopreneur are increasingly needed for the

development of our country. . This study had proved that family support, role model and

financial support influence the entrepreneurial inclination among non-business students.

This study helps people to realize that students who do not come from business studies

as well have potential to be an entrepreneur. The purpose of this study is to identify

whether factors such as family support, financial support as well as role model will

influence the inclination among UUM non-business students specifically from College of

Arts and Science. They are from different school such as Computing, Education and

Modern Language, Multimedia Technology and Communication as well as Quantitative

Science. The involvement of students from school such as Computing and Multimedia

Technology and Communication are important in order to see their intention to become

entrepreneurship as nowadays technopreneur are increasingly needed for the

development of our country. Besides, the common demographic such as gender and

ethnic also will be determined and compared with previous findings. Entrepreneurship

educators provide knowledge and information to university students to help them

choose a personal career path that may include entrepreneurship as an option. The
purpose of this paper is to test an expanded entrepreneurial intention model to identify

the factors that shape the entrepreneurial attitudes and the intentions of college

students while considering the effect that entrepreneurship education has on these

students. Intentions-based research in entrepreneurship can assist universities to

properly shape the college experience of students to encourage them to become

entrepreneurs. In this paper we propose an extended model to explain entrepreneurial

intentions that includes perceived university support (i.e., education, entrepreneurship

concept development, business development), structural support (e.g., perceived local

social and economic structures, personal interpretation of local regulatory environment),

and family support (i.e., personal and business advice, financial, material and emotional

access). A sample of 473 college students in a major state university in the United

States has been used in this analysis. The results of this analysis indicate that

perceived university support is not significantly related to perceived desirability and

feasibility entrepreneurial intentions. The results indicate that perceived desirability and

feasibility of entrepreneurial action remain significant predictors of college students’

entrepreneurial intentions. Findings also show that the new variable - perceived family

support - is positively related to perceived desirability and feasibility of starting a

business. Perceived structural support in terms of economic and political support for

entrepreneurs positively influences perceived desirability and feasibility to start a

business. Our findings suggest that educators and policymakers need to consider the

role of personal perceptions of family and structural support when seeking to promote

entrepreneurial actions of college students through policies or educational programs

and to rethink the current models of entrepreneurial education that are detached from
family support. England has further strengthened its understanding of the rising debt

and the impact of the bursary. so it was studied because the students were unable to

afford the expenses in the school so the bursary was canceled due to many other

students suffering from in-school expenses. so those who are high school students can

only get the bursary award. This study considers the full financial package rather than

particular elements, using survey data collected soon after students are expected to

apply to university Based on Hana & Rani (2012).

Improving Financial Awareness

Spending ethical for knowledge and to increased all spending habitats among the

participants. The effect of a financial management intervention on college students'

financial behavior was examined. is to increase the awareness of spending behavior.

The intervention strategy, a form of expenditure tracking, focused on consciousness-

raising and was implemented among 170 undergraduate students. Qualitative analysis

of participants' self-reflection papers revealed that awareness of spending behaviors

increased universally among participants. Increased awareness of spending behavior,

combined with other processes of change from the Transtheoretical Model of behavior

change, resulted in a significant proportion of students modifying spending behaviors to

more closely conform to personal values. Managing personal finances today is more

complicated, time consuming, and more important than ever. We are living longer, but

saving proportionately less. We feel less secure in our jobs, homes, and overall

outlooks than previous generations did. We watch, helplessly, as our money evaporates

due to exorbitant costs of housing, taxes, education, health care and life’s too many

“unexpecteds.” Many people worry about the future, or unfortunately in many cases,
they simply try not to think about it. Until “it” happens – a financial catastrophe that could

have been avoided by some advanced planning. Most people are not taught the

essential principle to smart personal financial management – the foundation to personal

finance knowledge – at home or in school, thus they don’t have the proper tools to

address every day money decisions in an informed manner. This jeopardizes their

financial and physical wellness, their ability to realistically achieve and maintain their

personal and financial dreams and enjoy a financially secure debt free future. Our

research tells us that young people, middle aged and older people know they need

‘financial knowledge’ but are not sure what it is. We strongly believe that most people

have not been provided with the ‘foundation to financial knowledge’ we call the essential

principles to smart personal financial management. Without this empowerment people

do not have the critical tools to make informed everyday money decisions throughout

their lives According to Palmer Bliss, Goetz & Moorman (2010).

Definition of Terms

Financialproblems

Pressure is a situation where you get stress from money worries. Many people face tou

gh financial times and the mental health impact can be significant. It may seem impossi

ble to overcome these problems but you can get help and take steps to improve your si

tuation.

FinancialManagement

Applies to the planning, organization, management and control of financial activities suc

h as the procurement and use of company funds.

Financial literacy

Is an ability to understand and apply financial management skills appropriately. Good

financial planning, sound debt management, accurate interest calculation and

understanding of the time value of money are all facets of financial literacy.

financial support

Financial resources provided to enable some project; "the foundation provided

experiment support" for financial support, financing, support, and support. Resource-

available source of wealth; new or reserved supply that can be obtained if necessary.

Financial statements

Are written records which convey the company's business activities and financial

performance. Financial statements are often audited by government agencies,

accountants, companies, etc. to ensure consistency and for accounting, finance or

investment purposes; Financial Statement: Balance sheet.

Financial development

Improvements in the production of information on possible investments and the

allocation of capital, the monitoring of companies and the exercise of corporate

governance, trade, diversification and risk management, the mobilization and pooling of

savings, and the facilitation of exchange of goods and services.

Organization of the Study

This study is organized in five chapters.

Chapter One identified and stated the problem. This chapter aims to know what

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 assessthe gathered data. This chapter will also

analyze the meaning of thefindings 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.

TTILE AUTHOR DISCUSSION PARAPHRASE

/YEAR
1.STUDENT William Reviewing the data regarding effects Base on Elliot and Lewis(2010) the Elliott, W., & Lewis,
DEBT Elliot and of student debt on students’ financial study of debt effects on Financial well- M. (2015). Student
EFFECTS outcomes following college – whether being research and policy implications debt effects on
Melinda
ON successful graduation or premature generally focusing on revisiting the financial well‐being:
FINANCIAL Lewis(20 Research and
exit – makes clear that there is a price gathered information when in terms of
WELL‐ 15) policy
to pay for having to borrow money to the impaction of student debt on
BEING: students' financial result when entering implications. Journ
RESEARCH go to college. Indebted college al of Economic
graduates have lower net worth, less tertiary level of education, whichever
AND POLICY Surveys, 29(4),
home equity, and compromised ability flourishing or thriving a degree or
IMPLICATIO 614-636.
to accumulate assets, as compared to exiting college unopportunely. It simply
NS
means that there's a greater
their peers with the same level of
disadvantage to those students who
education but no student debt. They
keep on borrowing money to fulfill the
may also experience poorer
payment required by the school, in
educational outcomes, with
contrary to those student with same
independent effects on earning power year level and could affordably pay the
and, then, later wealth accumulation. school bills.
2.Savings This study analyzes the relationship of According to Sabri and MacDonald Sabri, M. F., &
Behavior and Mohama savings behavior and financial problems (2010) the savings behavior and MacDonald, M.
Financial (2010). Savings
d Fazli to financial literacy among college financial problems among college
Problems Behavior and
Among Sabri and students in Malaysia. Controlling for students study talks about the Financial Problems
College Maurice correlates of financial literacy, connection between having Among College
Students MacDona multivariate analysis of a sample financial manangement and Students: The Role
ld(2010) obtained at 11 colleges and universities financial stress to financial literacy of Financial
demonstrated that students who had towards college students In Literacy in
Malaysia/COMPOR
higher financial knowledge test scores Malaysia. This study, in overall
TEMENT
were more likely to report savings thinking, stated that student who D'ÉPARGNE ET
 behavior and also reported fewer could pass the test scores about PROBLÈMES
financial problems. The influence of financial knowledge has probability FINANCIERS
CHEZ LES
childhood consumer experience and that could be reported as having
ÉTUDIANTS DE
financial socialization agents on savings less financial difficulties. Of course, COLLÈGE: LE
and financial problems was more mixed, it would happen if that student RÔLE DE LA
indicating that financial experience experienced bad luck and acted a LITTÉRATIE
before college may create bad habits or wrong habit in handling money long FINANCIÈRE EN
poor attitudes toward financial before. It would serve as a room of MALAISIE. Cross-
Cultural
management that could be mitigated improvement on educating
Communication, 6(
through financial education during student’s knowledge about financial 3), 103.
college. Implications of these findings for scope.
targeting financial education on
particular kinds of students are discussed.
3.Determinan Abraham This paper explores the determinants of According to Ansong and Gyensare Ansong, A., &
ts of Ansong & university working-students’ financial (2012) the research entitled Gyensare, M. A.
Determinants of University Working (2012).
University Michael literacy. It further seeks to establish the
Students' financial literacy at the Determinants of
Working- Asiedu relationship between financial literacy university working-
University of Cape Coast Ghana really
Students’ Gyensare and certain demographic characteristics. students' financial
focuses on investigating the problem in
Financial (2012) This study adopted a correlational order to determine the financial literacy literacy at the
Literacy at research design as the framework to University of Cape
of working students entering the
the examine the relationship between Coast,
university. It means that the study aim
Ghana. Internation
University of variables without determining cause and to gather for more information in al Journal of
Cape Coast, effect. Data were randomly collected collecting data from the possible Business and
Ghana from 250 undergraduate and respondents of the study. This work Management, 7(9),
postgraduate students of a public proved positively that age and work 126.
university in Ghana. The paper found that experiences were closely associated
with each other in explaining the field
age and work experience were positively
of financial literacy.
related to financial literacy. Also,
mother’s education was positively
correlated with respondents’ financial
literacy.
4.The Effects William This study investigated the effects of a According to Walstad, Rebeck and Walstad, W. B.,
of Financial B. financial education program on high MacDonald (2010) the effects of Rebeck, K., &
MacDonald, R. A.
Education on Walstad, school students' knowledge of personal financial education on the financial
(2010). The effects
the Financial Ken finance. A comparison of pretest and knowledge of high school students of financial
Knowledge of Rebeck, posttest scores achieved on a reliable and has greater impact on education on the
High School and valid thirty‐item instrument suggested understanding the importance of financial knowledge
Students Richard that the Financing Your Future curriculum recognizing and educating student of high school
A. increased financial knowledge across knowledge about financial students. Journal of
Consumer
MacDON many concepts. The scores increased manangement or handling money
Affairs, 44(2), 336-
ALD(201 regardless of the course in which the excellently. This paper significantly 357.
0) curriculum was used and across student proved that implementing a
characteristics. The assessment program about financial education,
contributes to the growing literature the student would probably guide
showing that a well‐specified and highly and would grow with
properly implemented program in development about finance when
financial education can positively and engaging financial crises.
significantly influence the financial
 knowledge of high school students.
5.Gender Leila Financial satisfaction and its impact on According to Falahati and Malaysia, P.
Differences In Falahati the quality of life have received Paim (2010) Gender (2011). Gender
Financial and considerable attention in recent decades. differences in
Differences in Financial well- financial well-
Well-Being LailyHj. A large number of studies have
Among Paim(201 attempted to identify the dimensions of
being among college students being among
College 0) financial well-being and financial research found that the college
Students behavior among various groups in perceptivity of men and students. Australi
an Journal of
relation to the development of personal women about financial scope Basic and Applied
financial well-being. The majority of were varied. The male and Sciences, 5(9),
studies on personal financial satisfaction 1765-1776.
female students have own
and financial behavior among
adolescents reveal notable sex insights about managing the
differences. There is evidence that men bills. It depends on how the
and women's perceptions differ and that students' financial knowledge
they are not necessarily only influenced work based on gender they
by economic factors, but also by social have.
and psychological issues
6.Financial Mohama The purpose of this paper is to examine According to Mohamad Fazli Sabri, M. F.,
well-being of d Fazli the relationships between personal and Sabri(2012) is to find out the Cook, C. C.,
Malaysian Sabri(201 family backgrounds, academic ability, relationship between personal and &Gudmunson, C.
college 2) childhood consumer experience, financial family background in Financial well G. (2012).
being Financial well‐
students socialization, financial literacy, and
perceived financial well-being of college being of
students. Malaysian college
students. Asian
Education and
Development
Studies.
7.Internationa Mark This study examines the experiences of Base onMark Sherry, Peter Thomas Sherry, M.,
l students: a Sherry, international students at The University and Wing Hong Chui(2010) 10% of Thomas, P.,& Chui,
vulnerable W. H. (2010).
Peter of Toledo, where international students the students in the University
student International
Thomas comprise approximately 10% of the Toledo are experience in English students: A
population and Wing student population. It highlights language problems financial vulnerable student
Hong problems international students problems and lack of understanding population. Higher
Chui(201 experience such as adapting to a new from broader University education, 60(1),
0) culture, English language problems, Community. 33-46.
financial problems and lack of
understanding from the broader
University community.
Recommendations for improvement
include initiatives to raise the profile of
international students, improved
financial assistance and scholarships, and
creating opportunities for international
students to improve their spoken English
skills.
8. Financial Soyeon This cross-sectional study tests a according to Shim and Berber Shim, S., Barber,
Socialization Shim, conceptual financial socialization process (2010) the research about the B. L., Card, N. A.,
of First-year Bonnie L. model, specifying four-levels that connect Xiao, J. J., &
problem of financial Serido, J. (2010).
College Berber anticipatory socialization during socialization of first year Financial
Students: The Noel A. adolescence to young adults’ current socialization of first-
Roles of Card, financial learning, to their financial
college students the roles of
year college
Parents, Jing Jing attitudes, and to their financial behavior. parents, work and education students: The roles
Work, and Xiao and A total of 2,098 first-year college speculatively means that the of parents, work,
Education Joyce students (61.9% females) participated in research title itself focuses on and
education. Journal
Serido(20 the survey, representing a diverse ethnic investigating and explaining of youth and
10) group (32.6% minority participation: adolescence, 39(12
the role acted by the parents
Hispanic 14.9%, Asian/Asian American ), 1457-1470.
9%, Black 3.4%, Native American 1.8% in giving financial interaction
and other 3.5%). Structural equation towards student. The work
modeling indicated that parents, work, experiences gives insight to
and high school financial education the high school student to
during adolescence predicted young become more aware and wise
adults’ current financial learning, attitude
when handling money and the
and behavior, with the role played by
parents substantially greater than the high school financial education
role played by work experience and high gives knowledge among
school financial education combined. students.

9.FINANCIAL Md Hafizi The needs of financial literacy are as stated inAhsan(2013) the Ahsan, M. H.
LITERACY Ahsan(20 becoming increasing important for (2013). Financial
financial literacy are very literacy research on
RESEARCH ON 13) undergraduate students in the Malaysian
UNDERGRADU important for the undergraduate
context. As a developing nation, rising students in
ATE STUDENTS cost of living and dynamic fluctuations
undergraduate students. For
Malaysia: Current
IN MALAYSIA: the developing nation, rising
price of goods and services demand literature and
CURRENT
LITERATURE people to be financially equipped in cost of living is the key to research
financial decision making, especially financially equip in financial opportunities. Inter
AND national Journal of
RESEARCH young adults which include decision making for the Education and
OPPORTUNITIE undergraduate students. This paper Research, 1(11), 1-
undergraduate students.
S reviewsfour published studies on 12.
financial literacy of undergraduate
students in Malaysia. As a result, this
paper presents research gaps from the
existing literature, proposes research
opportunities that not only targeted at
scholars but academicians teaching
financial literacy in schools and
universities.
10.The role of Jill M. This study examined how parents’ teaching According to Norvilitis and Norvilitis, J. M., &
parents in Norvilitis and modeling of financial concepts affects MacLean(2010) parents are MacLean, M. G.
college student credit card debt (n = 173). (2010). The role of
college and teaching their college students
Parental hands-on mentoring of financial parents in college
students’ Michael to avoid dept. Students have students’ financial
skills was most strongly related to lower
financial G. credit card to purchase item behaviors and
levels of credit card debt and this relationship
behaviors MacLean was partially mediated by it leading to greater not to dept. Students have attitudes. Journal of
and attitude (2010) economic
 financial delay of gratification and less ability to bail them out their psychology, 31(1),
impulsive credit card purchasing which in turn parents from dept. 55-63.
were related to less problematic credit card
use. Having parents who struggled with debt
was not significantly related to debt although
having parents who avoided talking about
finances predicted problematic credit card
use. Students’ beliefs that their parents
would bail them out of debt were related to
lower levels of debt.
Tittle: Authors/ Discussion: Paraphrase: References:
year:

11.Issues There are 3.2 million Filipinos in the United conforming toBuenavist(2010) first Buenavista, T. L.
Affecting U.S. States, arguably the largest Asian American step is to identify a standard against (2010). Issues
Filipino Buenavis ethnic group. Although 36.7% of Filipino which to compare the IHL to. In this affecting US
(2010) adults have college degrees, which is much case the most relevant was an existing Filipino student
Student access to
higher than their ethnic and racial international standard (OSHAS
Access to postsecondary
counterparts, U.S. Filipino 1 youth have fewer 18001:2007). It was tailored to better
Postsecondar education: A critical
postsecondary opportunities. Filipino suit academic institutions with a safety
y Education: race theory
immigrant and second-generation youth review. It then created a peer review
A Critical perspective.
exhibit high secondary “push out” rates, process that included a "checklist" to
Journal of
Race Theory suffer from depression and other mental evaluate the software being evaluated
Education for
Perspective health issues, demonstrate lower levels of to the personalized level. Peer review Students Placed at
participation and retention in higher teams were formed and the analysis Risk, 15(1-2), 114-
education, and attend less selective colleges if performed with the appropriate 126.
they pursue postsecondary education. They expertise. A score for each major
are additionally marginalized by institutional component measured an overall score,
policies that do not consider the complexity and recommendations for change were
of their lives. In the context of color-blind included in the final report. The findings
educational discourse, their issues have been of two peer reviews are analyzed
rendered largely invisible; they are often not together with the advantages that
targeted or eligible for institution-sponsored resulted in
postsecondary access and retention
programs.

12.The This study was designed to evaluate the Based on Bagolong (2011) This study Bagolong, S. P.
Effectiveness effectiveness of Madrasah Comprehensive was designed to assess the (2011, June). The
Development and Promotion Program in effectiveness of the Madrasah Effectiveness of
of Madrasah
Davao City. Its annual budget of 10 million Comprehensive Development and Madrasah
Comprehensi Bagolon( Comprehensive
pesos was taken from the Local School Board. Promotion Program in Davao City. The
veDevelopme 2011) Development and
The priority programs include the Local School Board had taken its annual
nt and Promotion Program
construction of classrooms, renovation of budget of 10 million pesos. Priority
PromotionPr in Davao City.
accredited centers, classroom facilities, programs include classroom
ogram in In Society of
conduct of capability building, educational construction, accredited center
Interdisciplinary
Davao City tour and sports competition. Its curricula renovation, classroom facilities,
Business Research
include the kinder and the Grade I-IV levels. capacity building, educational tour, and (SIBR) 2011
 The respondents agreed that the instructional competition for sports. His curriculum Conference on
materials used were effective. The includes the levels of kids and grade I- Interdisciplinary
recruitment and selection process, training IV. The respondents agreed that the Business
and development and personality attributes materials used for the instruction were Research.
were highly efficient. The funding sources and effective. The process of recruitment
budget allocation were moderately adequate. and selection, training and
development, and attributes to
personality were highly effective. The
sources of funding and the budget
allocation were moderate

13.Financing Some states invest relatively heavily in Elicited to McLendon TandbergHillman,

College financial aid programs that benefit lower- (2014) This article reports on a study
McLendon, M. K.,
Opportunity: income citizens, while other states that examined sources of variation in
Tandberg, D. A., &
concentrate their investment in programs state spending on need-based aid,
Factors McLendo Hillman, N. W.
that benefit students from higher-income merit-based aid, and appropriations
Influencing ld,Tandb (2014). Financing
backgrounds. States also vary in their levels of over the period 1990–2010. Findings
State college opportunity:
erg, direct appropriations to campuses, a form of document relationships among
Spending on Factors influencing
Hillman, public subsidy that has long been viewed as spending patterns and structural and state spending on
Student (2014). benefitting middle-income citizens. What political conditions of states, indicating student financial
Financial Aid factors influence states to allocate higher between spending on merit- and need- aid and campus
and Campus education subsidies in a more or a less based aid; the presence of a highly appropriations,
Appropriatio redistributive manner? This article reports on centralized structure is associated with 1990 through 2010.
ns, 1990 a study that examined sources of variation in decreased spending on merit-based aid The ANNALS of the
state spending on need-based aid, merit- programs and increased state American Academy
through 2010
based aid, and appropriations over the period appropriations to colleges and of Political and
1990–2010. Findings document relationships universities. Social Science,
among spending patterns and structural and 655(1), 143-162.
political conditions of states, indicating a
“trade-off” between spending on merit- and
need-based aid; as states invest more in the
former, they reduce spending on the latter.
We also show that the presence of a
Republican governor and the strength of
Republican representation in statehouses
each is associated with increased state
spending on need-based financial aid. Our
results further show that increased wealth is
positively associated with state spending on
merit-based financial aid programs and state
appropriations for higher education, but not
need-based financial aid. We also find
distinctive patterns of state support for
higher education depending on the degree of
centralization of a state’s governance
arrangement for higher education; namely,
 the presence of a highly centralized structure
is associated with decreased spending on
merit-based aid programs and increased state
appropriations to colleges and universities.

14.Sensation- College students are at especially high risk for According to Worthy, Jonkman,Blinn- Worthy, S. L.,
Seeking, Risk- serious financial problems due to easy Pike, (2010), on this article said that Jonkman, J., &
Taking, and Worthy, availability of credit cards, rising tuition, and a debt for the college students is Blinn-Pike, L.
Jonkman, declining economy. Arnett (Am Psychol increasing about the financial problem (2010). Sensation-
Problematic seeking, risk-
Blinn- 55:469–480, 2000) proposed 18–25 year olds The results showed student financial
Financial taking, and
Pike(201 may be considered emerging adults and are behaviors were related to age, gender,
Behaviors of problematic
0) characterized by less stable financial public assistance, adult status,
College financial behaviors
situations than those who perceive sensation-seeking, and potential for
Students of college students.
themselves to be adults. A survey was given problem gambling.
Journal of Family
to 450 students at two Mississippi
and Economic
universities. The results showed student Issues, 31(2), 161-
financial behaviors were related to age, 170.
gender, public assistance, adult status,
sensation-seeking, and potential for problem
gambling. This study is unique in that it
investigated the relationship of emerging
adult/adult status and other individual and
socio-demographic variables to financial
behaviors among college students, a
conceptualization that has not been explored
in the past.

15. From While the role of financial considerations in as stated by Breier (2010), Education of Breier, M. (2010).
‘financial higher education student dropout is being the student is to reflect the financial From ‘financial
recognized increasingly, the dominant problem from the school because fails considerations’ to
consideration
international literature fails to reflect the to deprivation among the students the ‘poverty’: towards a
s’ to Breier, reconceptualisation
extent of socio-economic deprivation among article said that study of student
‘poverty’: (2010) of the role of
students in countries where many people live retention and graduate destination at
towards a finances in higher
below the poverty datum line. This article seven HE institutions in South Africa,
reconceptuali education student
draws on a study of student retention and focusing on the University of the
sation of the drop out. Higher
graduate destination at seven HE institutions Western Cape which caters for a large
Education, 60(6),
role of in South Africa, focusing on the University of proportion of impoverished students.
657-670.
finances in the Western Cape which caters for a large so that few students drop-out from
higher proportion of impoverished students. The previouse school because of financial
education study found many students left before consideration.
student drop completing a qualification because they were
too poor to stay. A model of student
out
departure is presented which draws on the
very influential work of Vincent Tinto but also
allows for greater emphasis than he did on
students’ ability to pay (real or perceptual)
 and demarcates the times in the academic
calendar when finances present their greatest
challenge to retention. The model also invites
consideration of the national and
international factors which impact on the
social/economic/political milieu in which
students’ persist-or-depart decisions are
made.

16.Underrep Beginning with the understanding that Based on Mwend (2010), STEM doctoral Mwenda, M. N.
resented minority students are often programs need for financial support (2010).
underrepresented in STEM doctoral programs with faculty advisory because stem Underrepresented
minority
despite their growing proportions in the minority students in
students in student.
Mwenda, population, this study provides a description STEM doctoral
STEM students to interact teaching and research
(2010) , this study examines the influence programs: The role
doctoral minority students report acquiring skills and
financial support and relationships with of financial support
programs: competencies useful not only for graduate
faculty advisors and doctoral peers and relationships
the role of school success (e.g. time management;
course reading; dissertation writing) but also have on doctoral students' experiences with faculty and
financial for successful transition into their respective and progress. Students reported that peers.
support and professions and careers. Funding takes a this sequence of funding supports
relationships different form and plays a different role in successful transition into the doctoral
with faculty shaping students' positive experiences in
program, development of academic and
and peers each of the three stages of doctoral study:
professional competencies during the
fellowships during a student's transition
year(s), teaching/research assistants during middles years.
the middle years, and fellowships during the
final year(s). Students reported that this
sequence of funding supports successful
transition into the doctoral program,
development of academic and professional
competencies during the middles years, and
successful doctoral completion during the
final year.closely with their faculty and their
peers and consequently become integrated
into the social and academic systems of their
programs. Further, through their experiences
in of selected minority doctoral students'
experiences in STEM programs. Specifically,
this study examines the influence financial
support and relationships with faculty
advisors and doctoral peers have on doctoral
students' experiences and progress. Data for
this research were obtained from 13 minority
respondents enrolled during spring, summer,
and fall 2009 and 73 majority respondents
who provided some comparisons and
contrasts. The participants were all Ph.D.
students from several STEM programs at a
research university in the Midwest.

Findings from this study suggest that financial

 support of doctoral students through
fellowships and research/teaching
assistantships enables

17.Financial Solis, & This study examined financial satisfaction Pursuant to Solis & Durband,(2015), Solis, O., &
Support and Durband( among an undergraduate student population. financial support for all undergraduate Durband, D. B.
This study used an institutional dataset student. the survey conducted during (2015). Financial
Its Impact on 2015)
called Financial Survey of Students the fall 2006 Semester. in united states support and its
Undergradua impact on
2006 conducted during the Fall 2006 the result was used to determine the
te Student undergraduate
semester in one of the largest public ndemographic characterestic.
Financial student financial
universities in the southwestern United
Satisfaction satisfaction.
States. Descriptive statistics were used to
College Student
determine the demographic characteristics of
Journal, 49(1), 93-
the sample (n=1498). Logistic regression was
105.
used to determine the impact of financial
support on financial satisfaction. The analysis
indicates that the probability for
dissatisfaction among undergraduate
students declined when they received
scholarship and grant support. These findings
highlight the need to provide more helpful
strategies for undergraduate students to
manage and minimize education debt and
improve their present and future financial
situation.

18.A Study of Entrepreneurial inclination has been widely Based on Hana& Rani, (2012)The Hana, S., & Rani,
Relationship studied since decades ago. A lot of factors can involvement of students from school A. (2012). A Study
be associated with the behavior of such as Computing and Multimedia of Relationship
Between
entrepreneurial inclination either internal or Technology and Communication are Between Family
Family Support, Role
external factor. This study was relevantly important in order to see their
Support, Role Model and
related with Theory of Planned Behavior intention to become entrepreneurship
Model and Hana, & Financial Support
which explains that intention can determine as nowadays technopreneur are
Financial Rani behavior of individual. The purpose of this increasingly needed for the
Towards
Support (2012) Entrepreneurial
study is to identify whether factors such as development of our country. . This
Inclination Among
Towards family support, financial support as well as study had proved that family support,
UUM Non-Business
Entrepreneur role model will influence the inclination role model and financial support Students (Doctoral
ial Inclination among UUM non-business students influence the entrepreneurial dissertation,
Among UUM specifically from College of Arts and Science. inclination among non-business Universiti Utara
Non-Business They are from different school such as students. This study helps people to Malaysia).
Computing, Education and Modern Language, realize that students who do not come
Students
Multimedia Technology and Communication from business studies as well have
as well as Quantitative Science. The potential to be an entrepreneur.
involvement of students from school such as
Computing and Multimedia Technology and
 Communication are important in order to see
their intention to become entrepreneurship
as nowadays technopreneur are increasingly
needed for the development of our country.
Besides, the common demographic such as
gender and ethnic also will be determined
and compared with previous findings. The
findings show no significant different for
gender but there is significant difference for
ethnicity toward entrepreneurial inclination.
320 out of 350 questionnaires have been
collected with the response rate of 92%.
Descriptive statistics, frequency, independent
t-test, correlation as well as one way ANOVA
have been used to analyze the data. This
study had proved that family support, role
model and financial support influence the
entrepreneurial inclination among non-
business students. This study helps people to
realize that students who do not come from
business studies as well have potential to be
an entrepreneur. Thus, supports from various
parties such as university authorities, NGOs
and government would help them to become
a successful entrepreneur.

19.Student Since the recent changes in the system of England has further strengthened its Mangan, J.,
finance, student finance in England, studies focusing understanding of the rising debt and Hughes, A., &
information Mangan, on the impact of increased debt and the the impact of the bursary. so it was Slack, K. (2010).
Hughes, effect of the bursary system have concluded studied because the students were Student finance,
and decision information and
& Slack that the chances of achieving stated policy unable to afford the expenses in the
making decision making.
(2010) objectives in relation to widening and school so the bursary was canceled due
Higher Education,
increasing levels of participation have been to many other students suffering from
60(5), 459-472.
reduced. This study considers the full in-school expenses. so those who are
financial package rather than particular high school students can only get the
elements, using survey data collected soon bursary award. This study considers the
after students are expected to apply to full financial package rather than
university. The study finds that many particular elements, using survey data
students do not take into account the collected soon after students are
‘financial package’ when making decisions on expected to apply to university.
whether to apply and which university to
apply to. They appear to be just as ignorant of
grants and loans as bursaries; a large
proportion of students with a perceived
family income that would have entitled them
to a full or partial maintenance grant did not
 consider themselves eligible (42 and 53%
respectively). Students seem to have got the
message that going to university is costly and
will leave them in debt, but in many cases
they do not have the information on what
may moderate the costs for them. It will only
be possible for policy to work if support can
be provided that effectively influences the
decision heuristics of students.

20.Improving The effect of a financial management According to Palmer, Bliss, Goetz, & Palmer, L., Bliss,
Financial intervention on college students' financial Moorman, (2010), Spending ethical for D., Goetz, J. W., &
Awareness Palmer, behavior was examined. The intervention knowledge and to increased all Moorman, D.
L., Bliss, strategy, a form of expenditure tracking, spending habitats among the (2010). Improving
Among financial awareness
Goetz, & focused on consciousness-raising and was participants. The effect of a financial
College among college
Moorma( implemented among 170 undergraduate management intervention on college
Students: students:
2010) students. Qualitative analysis of participants' students' financial behavior was
Assessment Assessment of a
self-reflection papers revealed that examined. is to increase the awareness
of a Financial financial
awareness of spending behaviors increased of spending behavior.
management
Management universally among participants. Increased
project. College
Project awareness of spending behavior, combined Student Journal,
with other processes of change from the 44(3).
Transtheoretical Model of behavior change,
resulted in a significant proportion of
students modifying spending behaviors to
more closely conform to personal values.
Participants consistently reported the
importance of spending management tools.

Indicators:

Research Questions:

1. )Why the other Students are 1.) people get into trouble with their

Involve in financial problem? finances is because they really don't have

the skills to manage their money

 2.) What are the possible effect of 2.) Not being able to pay your bills could

Financial problem towards the have more impact than just your credit,

Academic performance of the suggests a new report. ... The study links

students? poverty to low cognitive ability, and

suggests that financial stress affects the

IQ of a poor person more than that of a

well-off individual.

3.) How do you cope up with 3.) Make one financial decision at a time

Financial Difficulty?

1.) - Involvement of students toward financial problem

2.)- connects poverty to low cognitive ability

3.)- Find way to solve your financial stress

 BIBLIOGRAPHY

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