scispace - formally typeset
Search or ask a question

Interpretation and analysis of data about financial stress of students? 

Best insight from top research papers

Financial stress among students has been a significant concern in various studies. Research has shown that financial stress can influence students' educational decisions, such as reducing course work, dropping out, or taking a break . International students, in particular, face hardships related to financial stress, including housing evictions, fears of homelessness, and reliance on inadequate housing . Factors such as gender, living status, borrowing loans, and tuition fee dues have been found to be associated with financial stress among students . Student loan debt has been positively related to financial stress and hardship, with minority young adults being more likely to experience health-care related hardship and higher levels of financial stress . Financial stress and financial precarity have also been found to significantly impact academic outcomes among community college students . These findings highlight the importance of addressing financial stress among students and implementing policies and practices to improve their financial well-being and academic success.

Answers from top 5 papers

More filters
Papers (5)Insight
The paper analyzes data from the 2018 National Financial Capability Study to investigate the associations between student loan debt and financial stress among young adults. It finds that student loan debt is positively related to financial stress and hardship.
The paper analyzes the data collected from 571 students in Bangladesh to identify factors associated with financial stress among university students. It found that gender, living status, borrowing loans, and tuition fee dues are factors that contribute to financial stress.
The paper analyzed data from a Pacific Northwest University to examine the relationship between financial stress and student retention. Students reported the most financial stress from student loan debt. The data showed a significant relationship between high levels of stress from debt and decisions to reduce course work, drop out, or take a break. However, the exact relationship between financial stress and retention rates requires further research.
The paper provides new knowledge about the hardships experienced by international students who report financial stress, including housing evictions, fears of homelessness, and reliance on inadequate housing. Financial stress is more likely for students from low-GNI countries and higher stress reduces wellbeing. Access to paid employment does not protect against higher financial stress.

Related Questions

How financial stress can affect the academic performances of students?4 answersFinancial stress can have a negative impact on the academic performance of students. Factors such as tuition fee dues, borrowing loans, and financial conditions within the family are associated with increased financial stress among students. This stress can affect a student's ability to concentrate, adapt, and communicate during lessons, leading to decreased performance in online learning environments. Additionally, financial stress can create family conflicts, which further contribute to negative outcomes in terms of student positivity and academic achievement. It is important for universities to provide a supportive learning environment and counseling services to help students cope with financial stress and develop positive perceptions of academic pressure. By addressing financial stress and its associated factors, students can have a better chance of maintaining their academic performance and overall well-being.
What are the effects of financial stress on college students?5 answersFinancial stress has significant effects on college students. It influences their educational decisions, such as reducing course work, dropping out, or taking a break. College students experiencing financial stress may also have lower mental health, including increased hostility, guilt, sadness, fatigue, and general negative emotions. Additionally, financial stress can impact academic outcomes, with community college students experiencing financial stress and precarity showing lower academic performance. It is important for higher education institutions to provide support and counseling on personal financial management to students who are facing financial stress. Future research should focus on understanding the factors that contribute to financial stress and developing strategies to mitigate its negative effects on college students' well-being and academic success.
How does financial stress influence Academic on students?3 answersFinancial stress has a significant influence on academic outcomes for students. Students experiencing high levels of financial stress are more likely to reduce course work, drop out, or take a break from their studies. Financial stress can also lead to lower grades, fewer credit hours, and interruptions in academics. It is associated with delays in major life milestones, such as buying a car or house, getting married or starting a family, and having children. Financial stress is linked to increased rates of depression and anxiety symptoms, decreased sleep, and avoidance of medical and mental health care. However, financial stress itself is not directly associated with academic achievement. Instead, factors such as financial stressors, subjective financial knowledge, financial resources, and negative perceptions play a role in determining the level of financial stress experienced by students.
What are the main sources of financial stress for students?5 answersThe main sources of financial stress for students include the high cost of tuition fees, the need for financial aid, student loan debt, and the inability to afford basic educational and living expenses. Students often rely on grants and loans to finance their education, which can lead to increased financial burden and stress. Additionally, the lack of financial aid and high tuition costs contribute to financial stress among students. Student loan debt is a significant source of financial stress, with many students reporting feeling overwhelmed by the amount of debt they will have after graduation. The financial stressors of not having enough money to participate in activities and expecting high levels of student loan debt at graduation are particularly impactful.
What is the relationship between financial stress and depression in students?4 answersFinancial stress has been found to be positively associated with depression in both high-income and low-and middle-income countries, with a stronger association observed among populations with low income or wealth. College students with financial difficulty are at an increased risk of anxiety, depression, and suicide. Educational debt-induced stress is predictive of greater self-reported hostility, guilt, sadness, fatigue, and general negative emotion among college students. Economic hardship and worry about future economic security, sub-categories of economic stress, have positive correlations with depression and suicidal ideation in college students.
What is budgeting on the financial stress of students?4 answersBudgeting has a significant impact on the financial stress of students. Many countries are implementing policies to address the limited public budgets for higher education, leading to strategies such as increased efficiency, institutional autonomy, and performance-based funding. Financial stress among college students is widespread, with factors such as not having enough money to participate in activities and expecting high amounts of student loan debt contributing to stress levels. In India, rising college costs have forced students to rely on financial aid, with grants and loans being the main sources. The financial burden of education can lead to interruptions in academics and higher stress levels. International students also experience financial stress, which can result in disruptive events like housing evictions and reliance on inadequate housing. Overall, budgeting plays a crucial role in managing financial stress among students, and policymakers need to develop tools and policies to prevent these stressors and their negative impacts on well-being.

See what other people are reading

Who was Michel Aglietta?
5 answers
Michel Aglietta is a prominent economist known for his extensive work on the financialization of the global economy and its impacts. He is a key figure in the regulation school of economics and has contributed significantly to the study of money and its role in society. Aglietta's research challenges orthodox economic views on money, particularly the concept of money as a neutral entity with no long-term effects on economic dynamics. He has authored several influential works critiquing traditional economic theories and advocating for a reevaluation of the role of money in economic models. Aglietta's expertise has been sought by various national monetary and financial institutions, showcasing his influence in the field of economics.
What are the key factors that contribute to an individual's financial stability?
5 answers
Key factors contributing to an individual's financial stability include socio-economic factors, financial socialization, healthy financial behaviors, financial risk tolerance, future time orientation, self-worth, household income, and cash-flow activities. Additionally, the stability of the financial system, influenced by environmental, social, and corporate governance factors, plays a crucial role in enhancing financial stability at both micro and macro levels. The composition of a household's financial resources, shaped by financial habits, values, beliefs, and practices, is also vital in achieving financial stability. Understanding these factors can aid policymakers and financial educators in developing strategies to improve individuals' financial well-being and ensure long-term financial security.
How can english affect the students learning?
5 answers
English proficiency can significantly impact students' learning outcomes in various ways. Factors such as contextual influences, learning objectives, learning environments, and the use of mobile learning tools all play a role. For instance, the socioeconomic level of students can affect their English proficiency, which in turn influences their academic performance. Additionally, English language skills are crucial for foreign students in higher education, affecting their learning outcomes. Moreover, students' learning objectives, such as future job opportunities and academic requirements, are closely tied to their motivation to learn English. Furthermore, the use of mobile learning, particularly through English vocabulary apps, has been shown to positively impact the learning effect of college students. In conclusion, English proficiency is a key factor that can significantly influence students' learning experiences and academic achievements.
Is there a significant relation of traffic congestion and urbanization to economic development?
4 answers
Traffic congestion and urbanization have a substantial impact on economic development. Studies show that urban development efficiency, influenced by socioeconomic factors, plays a crucial role in reducing traffic congestion, ultimately benefiting economic growth. Additionally, the interaction between traffic congestion patterns and built environment features in satellite cities (SCs) affects traffic conditions, with the supply of public transit offsetting congestion related to company land use in SCs. Furthermore, the joint influence of socioeconomic factors and governance policies drives congestion fluctuations, with governance policies playing a greater role in alleviating traffic congestion, albeit an unreasonable policy combination can lead to congestion spikes. Urbanization contributes to traffic congestion through unplanned road networks and high vehicle volumes, impacting productivity, fuel consumption, and air pollution, thereby posing a significant challenge to growing cities.
What are the impacts of financial inclusion initiatives on excluded women in Nigeria?
4 answers
Financial inclusion initiatives in Nigeria have shown positive impacts on excluded women. Studies indicate that financial inclusion contributes to poverty reduction and household socioeconomic development, aligning with Sustainable Development Goals. The level of women's financial inclusion in Nigeria stands at around 20.7%, with variations between urban and rural areas. Education, wealth, and religion significantly influence financial inclusion in rural regions, emphasizing the need for tailored strategies. Encouragingly, financial inclusion has been found to reduce poverty, with access to credit through financial institutions playing a crucial role in poverty alleviation over time. These findings underscore the importance of continued efforts to enhance financial inclusion among excluded women in Nigeria for broader economic growth and development.
How do parents' perceptions of financial socialization impact students' financial behaviors and decision-making?
4 answers
Parents' perceptions of financial socialization significantly influence students' financial behaviors and decision-making. Studies show that parental financial communication positively impacts financial decision-making, while factors like money allowance and trust positively affect financial literacy among students. Additionally, parental financial socialization and financial literacy play crucial roles in shaping students' financial behavior. The mediating role of attitude toward money and financial literacy further enhances the understanding of financial behavior in young adults. Moreover, perceived parental financial behavior significantly impacts the level of financial literacy, which in turn influences the investment behavior of young adults. These findings emphasize the importance of parental involvement and effective financial socialization in developing students' financial capabilities and decision-making skills.
What are recidivism predictors in offenders with a drug offence?
4 answers
Recidivism predictors in offenders with a drug offense encompass various factors. Substance use, peer relationships, attitudes, and age at first offense are significant predictors of recidivism in drug offenders. Additionally, earlier debt, probation officers' assessments of criminogenic finances, and substance use frequency are crucial predictors. For rural and urban drug-involved prisoners, predictors include substance use, incarceration at a younger age, employment status, mental health issues, criminal history, age, race, and employment status. Furthermore, in a general population sample, predictors of drug abuse relapse include prior criminal behavior, male sex, social welfare dependence, low educational achievement, prior alcoholism, and familial risk factors. These predictors collectively aid in understanding and addressing recidivism risks in individuals with drug offenses.
What are some of the most influential authors on the topic of attitudes towards debt?
5 answers
Some of the most influential authors on the topic of attitudes towards debt include Johan Almenberg, Annamaria Lusardi, Jenny Säve-Söderbergh, Roine Vestman, Wayne Bailey, Šarūnas Žukauskas, Rita Žukauskienė, and Jodi Kim. Almenberg et al. introduced a novel survey measure of attitude towards debt, showing its impact on individual indebtedness and spending behavior. Bailey highlighted the influence of debt on young people's decisions regarding higher education, emphasizing a general fear of debt within certain communities. Žukauskas and Žukauskienė explored the structure of attitudes towards student debt, revealing two distinct factors: debt avoidance and debt utility, with implications on financial behavior among students. Kim delved into the profound impact of debt on freedom, drawing connections between debt, promises, and violence, within broader historical and social contexts.
What are the most commonly used indicators in research involving social determinants of health in CONVID-19?
5 answers
The research involving social determinants of health in COVID-19 commonly utilizes indicators such as infection and fatality rates, health-care capacities of countries, government responses, combined ranked indicators, and composite indicators reflecting social conditions for public health assessment. These indicators play a crucial role in assessing the severity and mortality rates of COVID-19 patients, highlighting the impact of factors like age, education level, employment status, and income on health outcomes. Additionally, the socio-economic impact of the pandemic in Bangladesh has shown disparities based on social determinants of health, where higher-class families had better access to advanced medical services compared to lower and lower-middle classes. These indicators collectively aid in understanding and addressing the complex interplay between social determinants of health and COVID-19 outcomes.
What is the current order of the Indian government in terms of economic policies?
5 answers
The Indian government's economic policies have evolved significantly since independence. Initially focusing on planned economic development and import substitution, the country later implemented economic reforms to address challenges and boost its economy. Presently, India is recognized as one of the world's fastest-growing economies, attracting international investors and emerging as a global economic power. The government aims to further enhance its economic standing by implementing expansionary policies to combat unemployment and underutilization of resources, emphasizing growth and full employment over strict inflation targeting. Additionally, there is a call for a shift towards risk-sharing finance to achieve financial stability, moving away from interest-based debt instruments. Overall, the Indian government's current economic policies prioritize growth, employment generation, and financial stability through innovative financial approaches.
How does social status influence interaction among peers in different cultural contexts?
5 answers
Social status significantly influences peer interactions across cultures. Research shows that social status plays a crucial role in status distinctions, affecting behaviors like bullying and defending within peer groups. Lower peer status positions are linked to adverse health outcomes and even premature mortality. Neural changes in interpersonal distance interactions are affected by differing social statuses, such as in teacher-student relationships, impacting brain processes and behavior. The joint effect of status and social identity processes is evident, where group membership and status characteristics interact to influence informal power dynamics and prestige orders. These findings highlight the pervasive impact of social status on peer interactions, shaping behaviors, health outcomes, and neural responses across diverse cultural contexts.