FINANCIAL VULNERABILITY AND ACADEMIC PERFORMANCE OF SENIOR HIGH

SCHOOL STUDENTS OF NOTRE DAME OF KIDAPAWAN COLLEGE STUDENTS

Marasigan, Precious Kaye F.

Gindap, Edarlyn Mae D.

Socapen, Wystan Jaym A.

 I. INTRODUCTION

Background of the Study

The poor academic performance of students has always been a subject of

interest to every educational institution (Ampofo & Osei-Owusu, 2015) which leads to

diminished expectations and undermine a student’s overall self-esteem (Jensen, 2009).

The Department of Education in the Philippines (2002) took into consideration the basic

concepts of learning that affect a student’s performance. Students who obtained a good

performance in school are able to make the transition into adulthood and achieve

occupational and economic success (Breedlove & Cicirelli, 1974). Academic

performance of students steer personal successes and meet the demands of

occupations in the future.

Additionally, financial vulnerability has become a serious concern (Lusardi,

2019), and consequently impacts the persistence and productivity of students

(DesJardins, Ahlburg, & McCall, 2002). The importance of academic performance is

rarely questioned, however the factors that influence and mediate it have been elusive

(Elliot, 2007). Sander (2012) noted a substantial number of students are caught up in

the economic downturn and are concerned of financial vulnerability which affects their

performance in school. The avenue which students are provided with learning resources

is through finance (Egbule, 2004). Inadequate finances tend to affect a student’s

academic performance. If, on the other hand, financial needs are met, performance may

be enhanced (Odebunmi, 1988).

 In the Philippines, 20% of Filipino children who dropped out of school mentioned

insufficient financial resources as the main factor for quitting school in the basic

education level (Philippine Statistics Authority, 2015). Experiencing financial

vulnerabilities has become a perennial problem among Filipino families (Bernardo &

Resurreccion, 2018). A study conducted by Graetz (1995) on economic status in

education research and policy found that social economic background remains one of

the major sources of educational inequality and adds that one’s educational success

depends very strongly on the financial status of the parents. Globally, students are

challenged whenever they face financial vulnerabilities (He, Derfler-Rozin & Pitesa,

2020).

Moreover, a study conducted by Dang & Bulus (2015) focused only on the extent

to which finance impact in academic performance of secondary school’s students but

none is mentioned specifically about experiences on financial vulnerability. It is in this

context that the researchers are determined whether financial vulnerability is a factor

that influences the student’s quality academic performance other than broad factors

such as financial strengths (Nnamani, Dikko & Kinta, 2014). The purpose of this study is

to examine the influences of financial vulnerability to student’s academic performance.

The attainment of the particular objectives makes this study different from existing

studies specifically associating financial vulnerability and academic performance. More

so, this contributes to new and existing knowledge about the topic and a basis for

educational institutions to implement services for financially vulnerable students.

Statement of the Problem

The main problem of this research is to examine the influence of financial

vulnerability to the academic performance of Senior High School students of Notre

Dame of Kidapawan College for the first semester of academic year 2020-2021.

Specifically, it seeks to answer the following questions:

a. How does financial vulnerability influence the academic performance of Senior

High School students?

b. What is the level of financial vulnerability of students in terms of:

a. Meeting ends;

b. Debt solvency;

c. Perception of income shock;

d. Perception of expenditure shock; and

e. Perception of change income conditions relative of last year?

c. What is the level of academic performance of Senior High School students?

d. Is there a significant relationship between financial vulnerability and academic

performance?
Objectives of the Study

The research intends to examine how financial vulnerability influences the

students’ academic performance, and to identify the correlation between finances and

the educational outcomes of students.

Moreover, this study aims to further know about the levels of the student’s

financial vulnerabilities, specifically, in terms of Meeting ends, Debt solvency,

Perception of income shock, expenditure shock, and change of income conditions.

Finally, this study aspires to determine the level of academic performance to find out its

significant relationship with academic performance.

Survey Questionnaire

Noerhidajati, S., Purwoko, A. B., Werdaningtyas, H., Kamil, A. I., & Dartanto, T. (2020).

Household financial vulnerability in Indonesia: Measurement and

determinants. Economic Modelling.