STUDYING WHILE

FINANCIALLY
STRUGGLING
Group 1 – A
Abad, Arlly Faena A. Bangsao, Dimarson L.
Agelba, Roxanne P. Candelaria, Majorie A.
Balangoy, Caren L.
 Background of the Study
An exploration on the lived experiences of third year Bachelor of Science in Nursing at Pines City Colleges,
Baguio City who are facing financial difficulties during this Covid-19 pandemic.

Tertiary Level Finances are often one of those challenges as most students experience a greater
Challenges: sense of financial responsibility than ever before (Hicks, 2021).

⁂ COVID-19 pandemic has caused a tremendous shock, it affects finances that include their
budget for education
FINANCIAL STRESSED
DEFINITIONS
Stress is a normal and
necessary component of Financial Health Institute
life to some extent
Northern, O’Brien, & Goetz, 2010
 Background of the Study
The National College Health Assessment indicated that students listed finances as the second most
traumatic or difficult challenge faced during their undergraduate experience, following academics
(American College Health Association, 2018)

Much of the research on It was limited and focused

student financial stress is on the financial stress
driven by an underlying among tertiary level before
concern for overall student the pandemic
welfare, or well-being

• Our current proposed research will focus on the impacts of financial stress
amongst college students amidst pandemic and their varied coping
mechanisms that is mainly effective as well as to form possible solutions to
address these problems
 Theoretical and Framework
Theoretical underpinning: Roy Adaptation Model by Sister Callista Roy (1976)

• View person as an adaptive system in constant interaction with an internal and external environment
• The researchers made use of this theory to understand how the students adopt to their financial stress

Roy Adaptation Model

Conceptual Framework based on Roy Adaptation Model
 Statement of the Problem
To explore the lived experiences of financially stressed students among third
year nursing students of Pines City Colleges amidst COVID 19 pandemic

Specifically, the study seeks to answer the following questions:

1. What is the demographic profile of the participants in terms of:

1.1 Gender
1.2 Family background
1.3 Socioeconomic status
2. What are the perceptions of BSN 3 students about financial stress?
3. What are the challenges encountered during financial stress?
4. What are the coping mechanisms used by the participants during their financial stress?
5. On the basis of the study, what intervention program may be developed to minimize
financial stress among third year nursing students of PCC?
 Paradigm of the Study
INPUTS PROCESS OUTPUT

1. Demographic profile Interventions to minimize

• Semi-structured Questionnaire
financial stress among third
1.1 Gender will be sent through Google
year nursing students of
Forms and Social media platform
1.2 Family background
PCC 
• Messenger with face to face
1.3 Socioeconomic status  
interviews and observation to
2. Perceptions of BSN 3 students
gather data   
3. Challenges encountered

4. Coping mechanism
 Significance of the Study
Parents

Students Nursing
Practice

Researchers

Clinical
Researchers School
Research Design

Qualitative Research

Descriptive
Phenomenological
method
 Population and Locale of the Study
Location: Pines City Colleges Number of Participants: 10
Respondents: BSN 3- 1& 2 Method: Purposive or Judgmental
Sampling and Snow Ball Sampling

A. Participants
F. Participants is
must be a 3rd year Following criteria in willing to be
nursing student at
Pines City selecting the interviewed until
respondents sufficient data is
Colleges.
gathered.

D. Express their E. Participant is

B. Participants
answers/feelings/experie willing to answer
must be willing to
C. Participants is nces in English, Filipino, the questionnaire
sign an informed
financially Ilocano, Ibaloi and prepared by the
consent.
challenged. Kankana-ey or any researchers.
Filipino language.
Data Gathering Tool

SEMI – STRUCTURED
QUESTIONNAIRES

* predefined questions for the interchange

of helpful and relevant information with
comfort wherein the participants can give
their own perspective and description
 Data Gathering Procedure

• Questionnaire will be sent through Google

Forms and Social media platform

• Strictly followed protocols during the face-

to-face interview

• Messenger with face to face interviews

and observation to gather data
Treatment of the Data

Collaizi’s Method of
Data Analysis
(2015)
 Ethical Considerations
Set of principles that guide your research designs and practices. These principles include voluntary participation,
informed consent, anonymity, confidentiality, the potential for harm, and results communication.

 Voluntary participation- the participants are free to opt in or out of the study at any
point in time
 Informed Consent- Participants know the purpose, benefits, risks, and funding behind
the study before they agree or decline to join.
 Anonymity- Personally identifiable data is not collected

 Confidentiality- Researchers know who the participants are but keep that information
hidden from everyone else. Researchers anonymize personally identifiable data so that
it can’t be linked to other data by anyone else.
 Potential risks- physical, social, psychological and all other types of harm are kept to an
absolute minimum.

Reference: Bhandari, P. (2021, October 18). A guide to ethical considerations. Scribbr.

 Guide Questionnaire
I. DEMOGRAPHIC PROFILE

1.1 Sex ____ Male ____ Female

1.2 Family Socio Economic Background
Q1. What is your family background in terms of?
a. Father’s occupation
b. Mother’s occupation
c. Brothers or sister’s occupation
d. Other sources of family income
1.3 How did this pandemic affect your socio-economic status? (Did your family
experienced financial setbacks, unemployment or financial reversals?)
 Guide Questionnaire
II. WHAT ARE THE PERCEPTIONS OF BSN 3 STUDENTS
ABOUT THEIR FINANCIAL STRESS?
Q1. How do you define financial stress?
Q2. What do you think are the root causes of your financial stress?

III.WHAT ARE THE CHALLENGES ENCOUNTERED

DURING FINANCIAL STRESS?

Q1. What are your financial problems, difficulties and challenges while
studying?
Q2. In relation to question number 1, does this/these motivate you or the
other way?
Q3. What is/are the impact/s of financial stress to you? (physically,
emotionally, mentally?)
 Guide Questionnaire

IV. WHAT ARE THE COPING MECHANISMS USED BY THE

PARTICIPANTS DURING THEIR FINANCIAL STRESS?

Q1. How do you cope with these financial challenges?