OUR LADY OF LOURDES COLLEGE

5031 GEN.T DE LEON, VALENZUELA CITY

THE IMPACT OF SCHOOL EXPENSES TO THE FINANCIAL STABILITY OF

GRADE 11 HOME ECONOMICS STUDENTS OF OUR LADY OF LOURDES COLLEGE

A Research
Presented to The Faculty of
Our Lady of Lourdes College
Gen. T de Leon, Valenzuela City

In Partial Fulfillment of
The Requirements for the Subject
Practical Research 1

By:

Antipolo, James Ivan A.

Balatbat, Laine Ashley P.
Dela Cruz, Ariana Marie
Gutierrez, Raven S.
Lucas, Angel Ann R.
Onggot, Hannah Faye S.
Sahagun, Isabel Regine B.
Salangsang, Kean F.

HE 11-1 2023
 OUR LADY OF LOURDES COLLEGE
5031 GEN.T DE LEON, VALENZUELA CITY

CHAPTER 1

PROBLEM AND ITS BACKGROUND

Introduction

Education is a fundamental right of all people and plays an important role in

shaping the future of the younger generation. However, the cost of education has
become a major concern for students and parents. Last 2012, K-12 curriculum has
been implemented, adding two years of Senior High School education. One of the
strands in this program is Home Economics, which aims to develop student’s
technical skills through various activities, training, and teaching-learning sessions.
This causes additional expenses for the students and their parents.

Home Economics is likely a course or subject that focuses on teaching

student’s useful life skills relating to managing the homes, finances, and personal
well-being in Grade 11 at Our Lady of Lourdes College. The course may cover a
variety of subjects, including personal finance, consumer economics, household
management, cooking, food planning, and nutrition. Several students are
experiencing financial difficulties as a result of the large range of courses offered.
Bread and pastry and food and beverage services are the specialized studies in
home economics for Grade 11 students at Our Lady of Lourdes College; both have
expenses in order to conduct all the practical activities. This might result in unstable
financial stability for the students.

This problem affects the students themselves because of the stress that
results from school expenses. et al. (2017), found that student loan is cause of
financial stress. This will also affect their academic performance. According to
Halliday Wynes, (2014), a student financial position will affect their commitment in
 OUR LADY OF LOURDES COLLEGE
5031 GEN.T DE LEON, VALENZUELA CITY

learning, which will affect their academic performance. The parents of the students
are also involved in this problem because of their financial support for the children.
The researchers believe that parents have an effect on this problem because they
are the ones who provide financial resources of the children.

Support is the way to solve this issue. Scholarships and grants can assist
students reduce the financial load by covering some or all of the tuition and other
expenses. Additionally, creating a budget plan would help the students plan the next
expenses. Create an emergency fund to safeguard from unforeseen events, and
concentrate on budgeting to keep track of spending. This can help the students to
stay on a budget but still manage to provide their needs.

The research aims to gather a deeper knowledge of how these Grade 11

students from OLLC manage the money, including the spending and saving
behaviors, as well as the overall financial stability. Also, by identifying the financial
issues faced by OLLC Grade 11 Home Economics students. the research can give
insight on the underlying causes of financial instability, such as high living costs, a
lack of financial awareness, or insufficient income. Finally, the research intends to
increase academic performance by addressing the negative impact that financial
instability might have on educational performance. The researchers want to achieve
this by identifying and addressing the financial challenges that these students
experience.

Overall, conducting this research could provide Grade 11 Home Economics

students of OLLC insights into students' financial issues and their behaviors and
practices on how they handle their money.
 OUR LADY OF LOURDES COLLEGE
5031 GEN.T DE LEON, VALENZUELA CITY

There are a few possible outcomes that the researcher expects. These
potential results include: firstly, financial knowledge for Grade 11-Home Economics
students at OLLC. This may cause an increased understanding of financial concepts
such as budgeting, saving, controlling expenses, and financial management.
Additionally. financial awareness may be raised among Grade 11 Home Economics
students of OLLC, particularly with regards to the expenses and financial stability.
Lastly, the research may lead to a reduction in financial stress for students.

This study aims to determine the impacts of school expenses on the financial
stability of Grade 11-Home Economics students at OLLC. Also, it aims to give
everyone awareness of not only the financial instability of grade 11 home economics
students but also to prevent them from having another financial problem by having
the necessary skills to manage the finances.
 OUR LADY OF LOURDES COLLEGE
5031 GEN.T DE LEON, VALENZUELA CITY

Conceptual Framework

The financial stability of parents/guardians is a significant contributing

variable, which influences the academic performance of students. Students'
parents/guardians with low financial status tend to pass through some form of
challenges or difficulties. That's why students need to know the financial stability, so
it can help to control the spending, track the expenses, and can also help students to
save money.

School Expenses Financial Stability Financial

Analysis

c Impact to OLLC Financial

Students Literacy

Figure 1. Conceptual framework of Financial Stability

Financial Stability. Financial Stability focus on what are the common school
expenses and the factors that affect the finance of the students from HE Strand.

School Expenses. School Expenses will help students to determine the sum of the
upcoming finances.

Financial Analysis. Financial Analysis will help in budgeting. The list of past
expenses will help to make a budget plan for upcoming finances.
 OUR LADY OF LOURDES COLLEGE
5031 GEN.T DE LEON, VALENZUELA CITY

Impact to OLLC Students. Impact to OLLC Students will be the impact of being
financially unstable on a student's overall health and well-being.

Financial Literacy. Financial Literacy is to understand the importance of being

financially literate and how it can benefit the students.

Theoretical Framework

Financial stability has been one of the more technical and controversial
aspects of the post-Financial Crisis regulatory debate. Although much scholarly
attention has been devoted to descriptive accounts of particular sources of systemic
risk, less attention has been given to developing a normative account of financial
stability regulation derived from economic or finance theory. This framework is
derived from post-Keynesian economic theories which attribute the endogenous
instability of the financial system to the fundamental uncertainty associated with
the financial contracting process. For the specialist, this analysis highlights both the
institutional design imperatives of financial stability exceptionalism and the dangers
of relying on extant financial regulatory paradigms as models for systemic risk
regulation. For the non-specialist, adopting a disequilibrium theory of economic
performance raises broader questions relating to the efficacy of market discipline,
the coherence of administrative delegation and the normative content of economic
regulation more generally. (Schan Duff Stan, 2018)
 OUR LADY OF LOURDES COLLEGE
5031 GEN.T DE LEON, VALENZUELA CITY

According to Indranarain Ramlall (2018), financial stability has become a

pressing item in the agenda of governments and policy-makers worldwide.
However, to date, there are no books that provide a comprehensive analysis of
financial stability in all of its dimensions. Understanding Financial Stability
undertakes an in-depth analysis of all the concepts and issues related to financial
stability. It establishes a general framework for a holistic assessment of financial
stability, provides a comprehensive analysis pertaining to the genesis of financial
crises, and offers key terms and elements embodied in financial stability.

According to Elva (2017), a home as well as a business should be on a sound

financial basis. Realization of this fact has placed a growing emphasis upon
instruction in money management as a part of the home economics curriculum of
school systems. Too often, however, this instruction has been concerned with the
formation of buying habits for future use. It must be recognized that the student is
an active as well as a potential consumer; therefore, in order for the instruction of
money management to function in daily living, it must be based on present needs.

Education is a supposed way to lift children out of poverty. Based on the

theories, this is caused by various educational expenses, including tuition fees,
miscellaneous fees, expenses on books, other activities, choice of school, and class.
The current knowledge show educational expenses contribute to the suffering of
low-income families. Moreover, it reveals how these expenses are likely to intensify
the inequality in accessing educational resources among families from different
socioeconomic levels. The impacts of educational expenses are plausible, in view of
institutionalization theory. (Miaoyi and Chau-kiu, 2014)
 OUR LADY OF LOURDES COLLEGE
5031 GEN.T DE LEON, VALENZUELA CITY

According to Emmanuel Jean Francois (2014), nonprofit organizations face

fierce competition for funding, especially during times of financial crisis. In order to
effectively further their goals and make a long-term impact in the communities they
serve, these organizations must remain financially viable and sustainable. This
theories equips students training to become better nonprofit leaders with the
information and conceptual frameworks needed to ensure their organizations are
financially sustainable. Using practical tips and illustrative case, it guides the reader
to an understanding of the structures and processes of nonprofit organizations, and
includes detailed coverage of financial analysis, budget management, cash flow,
financial accountability and reporting, investing, fundraising, and organizational
growth.

The statement that is written above only tells that the impact of school
expenses is to improve the understanding of this efficiency and effectiveness to the
student’s financial stability.

Statement of the Problem

Home Economics Stand is known for its student’s financial stability. The
research problem focuses on what are the common school expenses and also the
factors that affect the finance of the students from HE Strand.

1. What effects do students expenses have?

2. What variables affect student’s financial stability?
3. How does a student’s academic achievement depend on their financial situation?
 OUR LADY OF LOURDES COLLEGE
5031 GEN.T DE LEON, VALENZUELA CITY

Significance of the Study

This study will help parents who are struggling because of the children’s expenses,
and also this will help the Home Economics student to prevent the struggle in
financial stability, this can be guide to the expenses due to rising prices. This study
established financial objectives that will eventually allow it to function efficiently
that would prove useful to the following:

Parents. Parents will avoid having financial struggles to the children's expenses.
This will also function as the manual for establishing set financial goals to provide
the financial needs. 

Students. Students that enrolled in the course with associated costs. This will help
students how to control spending wisely and overcome crises to acquire the
financial credential that students demand.

School Administration. School Administration will help to consider the school

expenses to the student’s financial stability to the school activities. Effective
administration and operations support an education that goes well beyond
imparting knowledge.

Teachers. Teachers will focus on the student’s needs and to understand the
student’s financial stability and consider the expenses to the course activities.

Future researchers. Future researchers aim to understand and help the

researchers how to assessing and manage their financial risk and avoid any financial
struggle. This also benefits the researchers to focus to the importance and better
ways of wasting money.
 OUR LADY OF LOURDES COLLEGE
5031 GEN.T DE LEON, VALENZUELA CITY
Scope and Delimitation

This study will focus on the impact of school expenses to the financial
stability of Grade 11 Home Economics students of Our Lady of Lourdes College. It
aims to determine how important it is to manage the finances correctly and how
important it is to be financially stable for the student’s education as education paves
the way for a better future.

This research covers the issues about how student’s financial problems
can affect the academic performance and the commitment in learning, it also covers
the issues about the expensive needs for school, too much or costly school expenses,
poor income, not having or earning much money, not properly managing finances,
students that drop out of school due to money problems and the lack of money
being one of the top worries for students. It limits its coverage on the students that
are financially stable and can provide everything students need for education. This
study is conducted by Grade 11 Home Economics students of Our Lady of Lourdes
School Year 2022-2023.

Definition of Terms
 OUR LADY OF LOURDES COLLEGE
5031 GEN.T DE LEON, VALENZUELA CITY

In this study, the following terms should be defined:

Financial - pertaining or relating to money matters; pecuniary: financial

operations. (Collins English Dictionary)
Stability - is the quality, state, or degree of being stale. (Merriam-Webster
Dictionary)
Expenses -it is the amount of money that is needed to pay for or buy
something. (Merriam-Webster Dictionary)
Analysis - a detailed examination of anything complex in order to understand
its nature or to determine it’s essential features. (Merriam-Webster Dictionary)
Literacy - the ability to understand and effectively use various financial skills,
involving personal financial management, budgeting, and investing. (Investopedia)
Economy - the wealth and resources of a country or region, especially in terms
of the production and consumption of goods and services. (Oxford Dictionary)
Income - the amount of money, property, and other transfers of value received
over a set period of time in exchange for services or products. (Investopedia)
Significant- sufficiently great or important to be worthy of attention;
noteworthy. (Oxford Dictionary)
OUR LADY OF LOURDES COLLEGE
5031 GEN.T DE LEON, VALENZUELA CITY