A Study on Impact of Financial Stress on Students’ Academic Performance

A Study on Impact of Financial Stress on Students’ Academic Performance

Ms. ANNIYA J B.Com., PGDCA.,

Dr. A. ANGELCHRISTINA, M.Com., M.Phil., PGDCA, Ph.D.,

ABSTRACT

Over the last few decades, the cost of attending colleges in India have been rising steadily and students who enroll for various courses are forced to ? rely on some form of financial aid to finance their cost of tuition fees. The main forms of financial aids available are grants and loans  that can be  sourced through government or  financial institutions. The students  who  experienced such  interruption  in  academics  have to  consider reducing  their course loads or dropping for a semester due to financial issues/concerns and reported higher stress from their personal finances. Students who perceived that worrying about money/ academic funding affected their academic performance were found  to have poorer  academic performances.  In this  study, the data  was collected from  samples by  a set  of research tools and analyzed using SPSS, and resulted in research findings and interpretations. The sampling technique used  in  this  study  is  non-probability  sampling.  Convenient  sampling  was  used to  select  the  respondent  from  the samples. Accordingly,  the  sample size  is 115 college  students which were  chosen by random  sampling and  further responses were analysed and interpreted.

Keywords: Financial stress, Debt, Personal Finance, Financial- Aid, Performance