Title: “Effects of Financial Stress to Academic Performance of College Students”

SOP:
1. What are the demographic profiles of the respondents in terms of:
1.1 Sex;
1.2 Course/Department;
1.3 Year Level;
1.4 Daily Allowance;
1.5 Recent General Weighted Average (GWA);
2. How can the effect of financial stress to academic performance of students be
assessed with regard to the following:
2.1 Resources;
2.2 Developmental Stage;
2.3 Family Structure;
2.4 Perceptions;
3. What is the academic performance of the students during undergraduate studies
(Note to the researchers: if you can specify which year/s, please indicate; delete
this part once read) in terms of cumulative general weighted average?
4. Does financial stress significantly affect academic performance of the students?
5. Based on the findings, what possible solutions to the financial stress of students can
be proposed?
Name (Optional):
Sex: Course/Department:
Year Level: Daily Allowance:
Recent General Weighted Average (GWA):
Title of the Study: Effects of Financial Stress to Academic Performance of College
Students
DISCLAIMER: Pursuant to the Data Privacy Act of 2012 (RA 10173) and ethical
considerations in research, the information that will be disclosed in this questionnaire
will only be used for the sole purpose of this study.

Assessment of the Effects of Financial Stress to Academic Performance in terms

of:
Part I. Resources
Questions Every time Often Rarely Never
1. Receives
allowance from
parents/guardians
(whether daily,
weekly, or
monthly)
2. School
allowance meets
food cost
requirements
3. School
allowance meets
transportation
fees
4. School
allowance meets
academic
expenses (tuition
and
miscellaneous
fees, projects,
etc)
5. Worries about
own debt
6. Worries about
debt of other
family members
7. Worries about
the financial
needs of other
family members
 8. Uses own
school allowance
for all daily needs
(alongside
academic needs)
9. Ability to buy
necessities/needs
10. Ability to buy
“wants”

Part II. Developmental Stage

Questions

Part III. Family Structure.

Questions
1. Parents
own a savings
account
2. Parents
own a credit
card
3. Parents
have an
insurance
4. Parents
provide the
daily needs of
the family
5. Parents
have a
constant
source of
income
(through
business/
 employment/
investments)
6. Parents pay
for school
fees
7. Parents are
on-time when
it comes to
giving school
allowances

Part IV. Perceptions

Questions Strongly Agree Disagree Strongly
Agree Disagree

References
Joo, S. H., Durband, D. B., & Grable, J. (2008). The academic impact of financial stress
on college students. Journal of College Student Retention: Research, Theory &
Practice, 10(3), 287-305. https://doi.org/ 10.2190/CS.10.3.c

Klepfer, K., Cornett, A., Fletcher, C., & Webster, J. (2020). Student financial wellness
survey: Fall 2019 semester results. https://dx.doi.org/10.2139/ssrn.3654540

Morallo, I. M. (2014). The effects of social networking sites on students’ academic

performance in Lyceum of the Philippines–Laguna. Graduate School Research
Journal, 7(2), 16-28.
Organization for Economic Cooperation and Development. (). Measuring Financial
Literacy: Questionnaire and Guidance Notes for Conducting an Internationally
Comparable Survey of Financial Literacy. https://www.oecd.org/finance/financial-
education/49319977.pdf