Financial Burden and Its Effect on Academic Performance of Students
DOI:
https://doi.org/10.29070/2gt31838Keywords:
Financial Burden, Academic Performance, Financial Stress, Student Well-being, Higher Education, Chi-Square Test, Stress Impact, Educational OutcomesAbstract
Financial challenges have emerged as a significant concern for students, influencing not only their personal well-being but also their academic outcomes. This study explores the relationship between financial burden and academic performance by examining different levels of financial stress experienced by students and how these pressures affect their studies. The analysis reveals that students are spread across various stress categories, ranging from those who rarely experience financial strain to those who face it frequently or continuously. A notable proportion of students fall into the higher stress categories, indicating that financial pressure is a common and persistent issue.
Furthermore, the findings suggest that financial difficulties have a noticeable impact on academic performance. Most respondents reported that their studies are affected at a moderate to significant level, highlighting issues such as reduced concentration, increased anxiety, and difficulty in managing academic responsibilities. Only a small percentage of students indicated that financial stress has no impact on their performance. These observations emphasize the importance of understanding and addressing financial challenges as a factor influencing student success in educational settings.
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