How does financial status affect academic performance of students?

In one study it was found that as parental financial support for college increases, their student’s GPA decreases (Hamilton, 2013). Students who had their parents paying for their tuition were more likely to stay in school, but were less likely to perform to their full academic potential.

How does income affect student academic achievement?

The study found a mixed significant relationship between higher family income and better students’ academic performance based on the students’ cumulative grade point average (CGPA). A good number of student respondents indicate that low family income does not necessarily lower their academic achievement.

How does socioeconomic status affect students academic performance?

Rich source of literature is available which highlights the impact of socio economical status on academic performance like Suleman et al., (2012) who found that children with strong socioeconomic status show better academic performance in comparison to those with poor socioeconomic status, they showed poor and …

How does financial instability affect students?

Students experiencing financial difficulties and -stress have been found to have lower average grades (Harding, 2011), to perform poorer on examinations (Andrews and Wilding, 2004), to delay their graduation (Letkiewicz et al., 2014), and they have increased likelihood of dropping out from their education (Joo et al..

What is the effect of financial problem?

Like any source of overwhelming stress, financial problems can take a huge toll on your mental and physical health, your relationships, and your overall quality of life. Feeling beaten down by money worries can adversely impact your sleep, self-esteem, and energy levels.

How does income affect learning?

Low income is a strong predictor of low educational performance. White children in poverty have on average lower educational achievement and are more likely to continue to under-achieve.

What are the effect of poor academic performance?

The results show that: students with poor academic performance have five significant characteristics: low enthusiasm for learning, lack of motivation for learning, lack of interest in learning, weak willingness to learn, and poor learning mentality.

How socio economic factors affect learning?

Socioeconomic factors, such as family income level, parents’ level of education, race and gender, all influence the quality and availability of education as well as the ability of education to improve life circumstances.

How does financial problems affect learning?

As several recent studies show, student financial wellness corresponds with academic performance and graduation rates. Students with fewer money worries perform better in college and are more likely to graduate, while financially stressed students have lower grades and are more likely to drop out.

What are the effects of financial problems?

Financial stress can lead to:

• Insomnia or other sleep difficulties.
• Weight gain (or loss).
• Depression.
• Anxiety.
• Relationship difficulties.
• Social withdrawal.
• Physical ailments such as headaches, gastrointestinal problems, diabetes, high blood pressure, and heart disease.

Does the financial status of the Parents affect a student’s academic performance?

But, there are circumstances that a student’s academic performance can be greatly affected and that is the financial status of the parents. In this institution, provided with what is the best technologies and training facilities, in exchange for this is a high tuition fees.

What are the socio-economic factors that affect students’ academic performance?

The students’ academic performance depends on a number of socio-economic factors like students’ attendance in the class, family income, mother’s and father’s education, teacher-student ratio, presence of trained teacher in school, sex of the student, and distance of schools.

Does financial stress affect student academic functioning and satisfaction?

In this study, financial stress was examined as the independent variable impacting two dependent variables: 1) academic functioning and satisfaction, and 2) social functioning and satisfaction associated with undergraduate student’s success in college.

How does low financial status affect academic achievement?

It is believe that low financial status negatively affects academic achievement because lesser financial status prevents access to vital resources and creates additional stress at home (Eamon 2005; Jeynes, 2002).