1.

Understanding how important education is to economic prosperity helps to

underscore the need to provide funding to higher education. The
relationship between education, economic security, and societal growth is
best approached by Human Capital Theory, explains Netcoh (2016). This
theory emphasizes education as the backbone of social progress and
economic advancement and calls for investment in education at both an
individual and governmental level. The theory also suggests how to
implement strategies to expand educational opportunities that will promote
both economic success and social harmony.

2. The relationship that has been seen between financial stress and mental
health serves as evidence that considering both the financial and
psychological aspects of students' overall wellness is crucial. Perna (2008)
presents an oversimplified Financial Stress and Mental Health theory that
emphasizes the need for comprehensive approaches to address financial
difficulties by highlighting the connection between financial difficulties and
mental health. In addition to having a negative impact on mental health,
anxiety related to money necessitates a support network in order to keep
college students stable both financially and psychologically. Therefore, an
emphasis on therapies that address the psychological effects of financial
concerns is beneficial to a setting that promotes students' overall well-being.

3. In addition to Archuleta et al. (2013), Financial Cognitive Wellness, a notion

that broadens the topic beyond financial knowledge to include the
psychological factors affecting financial decision-making is worth
mentioning. The importance of developing financial literacy as well as
emotional and cognitive components of financial well-being is underscored
in this theory. Through recognition of the interplay between cognitive
elements and money behaviors, Financial Cognitive Wellness theory reveals a
requirement for holistic solutions that enhance people’s financial resilience
and decision-making abilities. In doing so, it helps scholars and practitioners
devise strategies to overcome cognitive biases and affective responses to
financial difficulties, thus enabling individuals to make appropriate economic
choices.
4. According to the theory, there must be concrete action taken because
financial factors have a significant impact on academic performance. It lists
several possible solutions, such as just acknowledging them in school
environments and offering a nurturing atmosphere where every student can
participate in the learning process. Since there is a strong and complex
connection between financial stress and academic success, we need to take
immediate action to improve student success by integrating financial
support systems into educational environments (Halliday Wynes, 2014)

5. Studying the larger economic picture sheds light on the structural elements
that lead to students financial hardships the theory explains the structural
factors contributing to students financial difficulties and helps policymakers
understand the underlying factors (Curan 2013) it suggests solutions to
reduce financial vulnerabilities and foster economic resilience by
acknowledging the impact of global economic dynamics on students financial
wellbeing to ensure success in the face of global economic uncertainty it
emphasizes the importance of policies addressing structural inequities and
promoting inclusive economic growth