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EFFECTS OF FINANCIAL PROBLEM ON ACADEMIC PERFORMANCE

PERCEIVED BY SENIOR HIGH SCHOOL STUDENTS OF
DATU SIANG NATIONA HIGH SCHOL

PROPOSED TITLE
2022-2023

DATU SIANG NATIONAL HIGH SCHOOL

Cotabato City, Bangsamoro Autonomous Region in Muslim Mindanao
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RATIONALE OF THE STUDY

Financial problems can have a significant impact on a student's academic performance. As the cost
of education continues to rise, more and more students are struggling to meet their financial needs,
which can lead to stress, anxiety, and other mental health issues.

According to Lifeline Australia (2016), a financial problem is a scenario in which money problems are
creating individual stress. Many people are experiencing financial difficulties, which can have a
substantial impact on mental health, scholastic performance, or motivation. Worrying or feeling
nervous about money, arguing with loved ones, headaches, feeling poorly, difficulties sleeping,
feeling guilty about spending money on non-essentials, anxiety, stress, and even failing grades in
school are all examples of symptoms.

A common financial problem among students is that they do not take the time to examine their
financial situation before incurring excessive credit card, debit, or other obligations. Many students
who are living on their own for the first time may fall into a loop of overspending that comes with
eating out, purchasing new clothes, or partying. This lifestyle can rapidly become very expensive,
and as a result, it can raise overall debt. Follow a budget in which you pay your required costs first
and give yourself a specified amount of your money for entertainment, then stick to that budget. Try
saving money by viewing movies at home, making your own meals on a regular basis, and shopping
at bargain stores (McDaniel2018).

The cost of attending school is currently a challenge for some students, and a lack of educational
resources is another issue. Senior high school has also been extended by two years, and students
who want to work but are underage are unable to do so because of their age.The cost of attending
school is currently a challenge for some students, and a lack of educational resources is another
issue. Senior high school has also been extended by two years, and students who want to work but
are underage are unable to do so because of their age.
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In addition, parents who are unable to support their children financially because of a disability
are unable to afford to send their children to school. and other kids will be less educated if they don't
get the financial help. Today, it is challenging to earn enough money for necessities like food and
school supplies. (2020)

This study aims to examine the effects of financial problems on the academic performance
perceived by Senior High School Students of Datu Siang National High School during the school
year 2022-2023.

STATEMENT OF THE PROBLEM

This study aims to examine the effects of financial problems on the academic performance
perceived by Senior High School Students of Datu Siang National High School during the school
year 2022-2023.

Specifically, it seeks to answer the following questions:

1. How do senior high school students perceived the impact of financial problems
on their academic performance.

2. What coping mechanisms do senior high school students employ to deal with
financial problems and their impact on academic performance.

3. Is there significant relationship between financial problems and academic

performance among senior high school students?
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SCOPE AND DELIMITATION

The study aims to analyze the effects of Financial Problem on the academic performance
perceived by Senior High School students of Patu siang National High School. The study will be
conducted on Datu siang National High School, and it will cover the academic year 2023-2024 The
population of the study includes Senior High School students who are facing Financial Problem. The
respondents will be selected by using simple random sampling: The researches will focus on the
following wer variables: Financial Problem and academic performance.

The study will not cover the effect of other factors such as family background and mental
health on academic performance.

This study aims to examine the effects of financial problems on the academic performance
perceived by Senior High School Students of Datu Siang National High School during the school
year 2022-2023.

SIGNIFICANT OF THE STUDY

The results of the study will provide an in-depth understanding on how the financial problem
may affect the academic performance of senior high school students of Datu Siang National High
School.

Students. The result of this study would assist them to handle their problems about the

financial problem, to be a strong student and value toward a better relationship in school.

Teachers. They would lead the students about this study. To help them to understand or

give some advices. To be the good influnce to the students.

Researchers. The outcome of this study can be used as a guide or research reference to
future researchers who would conduct the same study.
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CHAPTER II
REVIEW OF RELATED LITERATURE

This chapter presents the relevant literature and studies that the researcher considered in
strengthening the importance of the present studies. It also presents the synthesis of the art to fully
understand the research for better comprehension of the study.

Research and Policy Implications

According to Mohamad Fazli Sabri (2012), it is important to understand the connection

between personal and family background and financial well-being. This is because, according to
Elliot and Lewis (2010), the study of debt impacts on financial well-being research and policy
implications generally focuses on revisiting the knowledge gathered regarding the impact of student
debt on the financial outcome of students entering tertiary education 10% of the students in the
University Toledo are experience in English language problems financial problems as well as a lack
of comprehension from the larger university community. Peter Thomas, Wing Hong Chui, and Mark
Sherry (2010). Simply put, this means that compared to kids in the same year level whocould afford
to pay the school fees, there is a higher disadvantage for those students who must borrow money to
fulfill the duty to the school.

Savings Behavior and Financial Problems

The savings behavior and financial difficulties study among senior high school students,
according to Sabri and MacDonald (2010), discusses the relationship between financial
management and stress and financial literacy toward senior high school students in Malaysia.
Overall, this study concluded that students who achieved high exam scores in financial literacy were
likely to experience less financial troubles. Naturally, it would occur if the student had a history of
bad luck and haddeveloped poor money management habits in the past. It would act as a space for
improvement in terms of teaching students about the financial world.
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Financial Education on the Financial Knowledge of High School Students

The effects of financial education on the financial knowledge of high school students,
according to Walstad, Rebeck, and MacDonald (2010), have a higher impact on appreciating the
significance of recognizing and educating student information about financial management or
effective money managing. This article significantly demonstrated that creating a curriculum
regarding financial education will likely guide students highly and help them develop their
understanding of finance when confronting financial challenges.

The Roles of Parents, Work, and Education

Research on the issue of students' financial socialization, parental responsibilities,

employment, and education is speculative, which implies that the focus of the study is on examining
and delineating the parental role in providing financial interaction to students. According to Soyeon
Shim, Bonnie L. Berber, Noel A. Card, Jing Jing Xiao, and Joyce Serido (2010), the high school
financial education provides information among students, and the work experiences help high school
students become more alert and wise when handling money.

Financial behaviors and attitude

According to Norvilitis and MacLean (2010), parents are instructing their children to steer clear
of debt. Students have credit cards for personal use, not for paying bills. Students have the power to
save their parents from financial ruin. This study looked at how credit card debt among college
students is impacted by parental education and modeling of financial concepts. Parental hands-on
financial education was most strongly associated with lower credit card debt, and this association
was partially mediated by it encouraging greater financial self-control and reducing impulsive credit
card spending, both of which were associated with less problematic credit card use. Debt was not
substantially correlated with having debt-ridden parents, but problematic credit card use was
predicted by having parents who avoided discussing money. Lower debt levels were associated with
students' perceptions that their parents will help them out of their financial difficulties. Credit card
debt seems to have complicated links with parental verbal guidance and financial literacy.
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Financial considerations to poverty

According to Breier (2010), "Education of the student is to reflect the financial problem from
the school because fails to deprivation among the students." The article focused on the University of
the Western Cape, which serves a significant number of low-income students, in a study of student
retention and graduate destination. such that few pupils leave their previous schools due to
budgetary issues. This article draws from a research of graduate destinations and student retention
at seven higher education institutions in South Africa, with a focus on the University of the Western
Cape, which serves a significant share of students from low- income backgrounds. The study found
many students dropped out before earning a degree because they couldn't afford to stay. The model
also encourages study of regional, societal, and political influences that have an impact on students'
decisions to stay in school or leave. The presentation of a model of student departure builds on the
highly influential work of Vincent Tinto, but it also allows for greater focus than he did on students'
financial capacity and delineates the points in the academic calendar when finances pose their
biggest impediment to retention.

Current Literature and Research Opportunities

According to Ahsan (2013), financial literacy is crucial for undergraduate students. The key to
preparing undergraduate students financially for financial decision-making in a developing country is
the rising cost of living. Financial literacy is the ability to earn, manage, and invest money. It is
essential for students to be able to make informed decisions about which higher education institution
to attend, what to study, how to pay for tuition, and how to handle student loan debt after graduation.
Financially literate students are better able to make informed decisions about their postsecondary
education financing, the schools they should attend, and what degrees to pursue. In many cases,
the decisions students make now will directly affect how much money they will make in the future.
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Overall, the literatures and studies abovementioned suggests that financial problems can have
a detrimental impact on the academic performance of senior high school students, affecting their
motivation, engagement, psychological well-being, attendance, and access to educational
opportunities. Recognizing these effects is crucial in developing support systems and interventions
to mitigate the impact of financial problems on students' academic success.
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