Effects of Financial Stress to the Academic Performance of CBA Students of Southern Luzon State University-Main Campus

Abstract

This study was undertaken to determine the effects of financial stress to the academic performance of selected CBA students. Specifically, it sought to determine the goals, objectives, and course offerings of CBA; the demographic profile of students in terms of sex, course, major, year level, weekly allowance, source of financial support and socialized tuition fee scheme; the academic performance of selected CBA students in terms of school, home and health-related factors; the different coping mechanisms used by the students; the significant difference in the financial stress among students according to their year level, major and course; and if financial stress has a significant relationship to the academic performance of selected CBA students. The researchers employed the descriptive survey method of research. The respondents were composed of 311 selected CBA students. They rated their perception as strongly agree, agree, disagree and strongly disagree. The main instrument used in this study was an unstructured checklist questionnaire. The findings revealed that the main goal of CBA is to produce responsive, globally prepared, morally upright, socially and politically aware, research and extension service-oriented and environment-conscious graduates. They offer BS Accountancy and BSBA Major in Financial, Marketing, and Human Resource and Development Management. Majority of the respondents were female, second year, under business administration program, financial management students, with weekly allowance of 500-999, receiving financial assistance from their parents, under bracket A, and obtained a general weighted average of 1.75-1.99. The respondents agreed that they experienced financial stress whenever their treasurer announces payments in school and whenever there are lots of bill to pay at home. Most of them experienced backaches and headaches whenever they have problems in money. Majority of the respondents’ positive coping responses are watching movies and listening to music and most of the respondents’ year level has an impact to their financial stress when it comes to school, home and health related factors. The respondents’ major has an impact to their financial stress when it comes to school related factors. However, it does not have an impact to their financial stress when it comes to home and health related factors. The financial stress felt by the respondents at school affects their academic performances. However, the financial stress in terms of home and health related factors do not affect their academic performances.