Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
This chapter represents and discusses related literature and studies taken from
different sources and data that could substantiate the theoretical bases and information
assisted in conceptualization of the study. This includes foreign literature, local literature,
Foreign Literature
Based on descriptive statistics from responses of the 2003 (Y03) cohort LSAY,
financial reasons do not appear to be main drivers of the decision to withdraw or defer
study. Few of them deferred and withdrew their studies from the studies (255), but those
who did, only 6% indicated that they did so because they could not afford to continue.
juggling work and study commitments. But the main reasons were due to personal or
On the other hand, Shim et al. defined healthy or positive financial behavior
indicators as the set of desirable behaviors that help young and adults achieve the
financial, economic, and interpersonal goals that are important to them. Behavior such as
awareness of debt owed, checking for the lowest interest rate before borrowing, saving,
budgeting, and keep financial goals have been shown to be positively related to lower
reported levels of financial stress and increased financial well being (Gutter, Garisson &
Copur, 2010; Xiao et al., 2009). There is also some evidence to suggest that one’s
perceived mastery and /or sense of control is linked to better financial behaviors (Perry &
Morris, 2005). College students who believe that outside forces determine their future
outcomes tend to exhibit worse financial behaviors, such as difficulty paying monthly
According to Paulsen & St. John (2002), “Financial stress, such unmet need, have
been correlated with dropping out, particularly among low income students.”
Also, Rosss, Clelad, & Macleod (2006), said that financial stress may also lower the
academic performance.
In Scott-Clayton’s study (2012), he said that over the pass few decades, more
traditionally age students are working and working substantially more hours. Therefore,
an increasing number of the students must balance the need to work to pay for the college
In Shim et. al (2010), defines healthy or positive financial behavior indicators helps
the young adults to achieve the financial, economic, and interpersonal goals that are
important to them.
In addition of the Gutter, Garrison & Copur (2010), behaviors such as awareness of
debt owed, checking for the lowest interest rate of borrowing, saving and budgeting are
resulting into positive outcome such as lower rate of being prone in financial stress.
Foreign Studies
students are frequently experience financial stress. According to recent national survey,
The survey of Trombitas (2012), was focused specifically on financial stress and
found that four of the five most common stressors among students related to their
personal finances.
In Inceptia’s study (2012), students,both those enrolled & ones who have recently
graduated, are under high level of stress. A number of factors contribute to students stress,
but very prominent are those related to student finances. Aside from this, the study shows
that one third of respondents said stressors have had a negative impact on their academic
performance.
In the survey of National Survey of Student Engagement (2011), seventy four percent
of respondents are working during the academic year, the 15 percent of students are
reporting high levels of poor mental health than ever before & financial stress is an
In Northern, O’rien , & Goetz (2010) study, financial stress defines as the inability to
meet one’s economic responsibilities and is influenced by attitudes, beliefs, and other
psychological factors.
In relation, Robotham (2008) found that a significant number of studies revealed that
“levels of stress are on the increase amongst the higher education student population”
The Inceptia Financial Stress survey was designed with the underlying assumption
that personal finances are a source of stress for college students and sought to provide an
in-depth look at the specific financial stressors impacting degree or credential attainment
Local Literature
For us to further understand one’s stress, Blonna (2010) pointed out that one needs to
know what it is and it causes, in order cope with it well. He claims that students expe -
rience stress since some are trying to cope up with the demands of adapting to a new
living environment, new peers, academic pressure, and sexual concerns. Being in college
can also put financial stress on the students and their families.
.
In his study, Asgari (2008) concluded that there is no significant relation between
mental health and academic performance both among male students and among female
ones.
Local Studies
individuals are capable of creating solutions to their problems. It adheres that the “self” is
influenced and shaped by social processes, in this instance “stress”, and the capacity to
symbolize. Human action caused by complex interaction between and within individuals.
On the other hand, Duque (2007) cited common effects of stress. Theses are
Another one is Salvacion (2004), who studied the stress profile of students in the
College of Dentistry of the University of the Philippines, Manila. Academic stressor like
examinations and grades, full loaded days, difficulty in completing clinical requirements,