BAGONG SILANGAN HIGH SCHOOL

JP Rizal St. Bagong Silangan Quezon City, Metro Manila

JUNIOR HIGH SCHOOL STUDENTS

Grade 10- Benevolence

FINANCIAL STATUS AND ITS EFFECTS ON THE ACADEMIC

PERFORMANCE OF GRADE 10 STUDENTS AT BSHS

A Research Presented to

Ms. Jennifer Camba and BSHS English Teachers

In Partial Fulfillment

of the Requirements for the Subject of

English 10

Presented by:

Cristal Mae Cho

Beatriz Dino

Kisha Rose Elizada

Nicole Ann Gangani

Nyah Izabelle Infante

Irish Sizshouki Juanillo

Zaira Lezada

MAY 2023
 ACKNOWLEDGEMENT

This research paper would not be possible without everyone's

assistance and support. Please allow the researchers to express their

gratitude in particular to the following notable advisors and contributors.

First and foremost, the researcher would like to thank Ms. JENNIFER

CAMBA for her encouragement and assistance. For the constant stream

of communication and assistance she has given to the researchers during

the process of this study.

Second, to the school officials, Mrs. MA. GINA M. ROCENA and Mr.

FERDINAND P. NOBLE for allowing and letting the researchers to

conduct this research at Bagong Silangan High School.

Thirdly, the researchers truly appreciate the support of their

FAMILIES and FRIENDS, who generously offered guidance and funds for

the research. Without any of these, the result of the study would not have

been possible.

Last but not least, thanks to ALMIGHTY GOD who never left the

researchers side and kept them safe while also giving them intelligence

and power. Most importantly, for assisting them in finishing their research

study.

Sincerely, the Researchers.

 THESIS ABSTRACT

Title: Financial Status and its Effects on the Academic

Performance of the Grade 10 students at Bagong

Silangan High School

Author: Cristal Mae Cho; Beatriz Dino; Kisha Rose Elizada;

Nicole Ann Gangani; Nyah Izabelle Infante; Irish

Sizshouki Juanillo; Zaira Lezada

Curriculum: K+12 BEC

School: Bagong Silangan High School

Academic Year: 2022-2023

Adviser: Ms. Jennifer Camba

No. of Pages: 51

Financial Status are the profits, losses, revenue, income, earnings,

indebtedness, earnings before interest, taxes, depreciation (EBITDA) or

cash flow. However, it seems that the financial status of a student is

affecting their academic performance. This study aims to identify how

financial status affects the academic performance of Grade 10 students of

Bagong Silangan High School. Using stratified random sampling, this

study consisted of 482 students who respond to the given questionnaire

of the researchers. Google-forms and printed copies were used to collect

and gather the data.

Results showed that majority of the students came from a lower income

families that they received a 20-50 daily allowance which is not enough

for everyday use even so students still manage to have a high average

during their first quarter performance. This shows that financial status

doesn't hinder their academic performances in school.

Keywords: Academic Performance, Financial Status, Profile of the

Students, Expenses
 TABLE OF CONTENTS

Page

Title Page ..................................... 0

Acknowledgement ............................... 0

Abstract ...................................... 0

Table Of Contents ............................... 0

CHAPTER I - INTRODUCTION

The Problem and Its Background

Conceptual Framework . . . . . . . . . . . . . . . 2

Statement Of the Problem ........... . 3

Scope And Delimitation of the Study . . . . . 4

Significance Of the Study ............. 4

Operational Definition of Terms ........ 6

CHAPTER II – REVIEW OF RELATED LITERATURE

Local Literature .................... 7

Foreign Literature . . . . . . . . . . . . . . . . . . . 8

CHAPTER III -RESEARCH DESIGN AND METHODOLOGY

Research Design .................... 10

Sampling Procedure ................ 10

Instrument and Technique Used .... . 11

Data Gathering Procedure ............ 12

Treatment Of Data ................... 12

CHAPTER IV- PRESENTATION, ANALYSIS, AND

INTERPRETATION OF DATA

Table 1 ................................. 14

Table 2 ................................. 17

Table 3 ................................. 18

Table 4 ................................. 20

Table 5 ................................. 21

Figure 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

Figure 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

CHAPTER V- SUMMARY, CONCLUSION AND

RECOMMENDATION

SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

CONCLUSION . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

RECOMMENDATION . . . . . . . . . . . . . . . . . . . . . . . 30

REFERENCES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

Appendix A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

Appendix B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37

Appendix C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
 CHAPTER 1

THE PROBLEM AND ITS BACKGROUND

This study was designed to let the researchers know how financial

status affects academic performance of the students enrolled in Bagong

Silangan High School. Emphasis was put on trying to establish the

relationship between profile of the respondents, parents' financial status,

school background and academic performance of BSHS. The study

employed the use of correlation design to establish the nature of the

relationships. Financial factors influence academic performance

significantly. Financial problems are a serious issue that leads to stress

and pressure on their performance in school. As a result, the researchers

carried out a study to address this because they lead to multiple stages of

problems such as health issues, and academic performance.

Demonstrating how Grade 10 students' academic performance is affected

and how to address this. The validity and reliability of research

instruments was established, and data was collected from the

respondents selected from Grade 10 all sections using Google-forms and

hard copy. To analyze the data, researchers study how financial problems

affect students. This formed the basis of the detailed analysis, conclusions

and recommendations.

1
 CONCEPTUAL FRAMEWORK

Independent Variable Dependent Variable

 Family’s monthly income

 Student’s daily allowance Academic performance of

Grade 10 students
 Supports from different

people or sector

Establish intervention program and ipon challenge

Figure 2. Conceptual Model of the Study

Figure 2 depicted the conceptual model of the study. According to the

figure, the independent variable is the factors of financial status that

affects the academic performance of the respondents in terms of family’s

monthly income, student’s daily allowance, supports from different people

or sector

which can affect the students' academic performance. The dependent

variable of the study, on the other hand, was the academic performance

of Grade 10 students at Bagong Silangan High School. Another variable is

the recommendation for the students to reduce the amount of money that

they spend on their daily lives. One of the objectives of this study is to

describe and determine the financial status and its effects to the

2
academic performance of grade 10 students at Bagong Silangan High

School.

STATEMENT OF THE PROBLEM

This study aims to determine the effect of financial status to the

academic performance of grade 10 students at Bagong Silangan High

School. Furthermore, this research aims to find the problem and possible

solutions. Specifically, the study sought an answer to the following

questions:

1. What is the demographic profile of the respondents in terms of;

1.1. Gender;

1.2. Grade;

1.3. Sections; and

1.4. Age

2. What are the factors of financial status that affects the academic

performance of the respondents in terms of;

2.1. family’s monthly income

2.2. student’s daily allowance

2.3. supports from different people or sector

3. How does financial status affect student’s academic performance?

4. What is the proposed recommendation of the study?

3
SCOPE AND DELIMITATION OF THE STUDY

Financial Status and Its Effect on the Academic Performance of

Selected Grade 10 Students at Bagong Silangan High School.

The primary emphasis of the study was on how financial status

affect the academic performance of grade 10 students at Bagong Silangan

High School. The study covered the respondent’s demographic profile,

which was broken down by gender, grade, sections and age. Through g-

form and hard copy of survey, the researchers will collect data from BSHS

respondents.

The study was limited to only grade 10 students since the study will

be handled by a grade 10 student itself. The inflation, other grade level,

2nd grading, 3rd grading and the final average of the respondents are not

covered by this study.

SIGNIFICANCE OF THE STUDY

The study is conducted to understand the financial status and its

effects on the academic performance of selected grade 10 students of

Bagong Silangan High School. Would benefit the following entities.

Students. This study would help the students to understand the

4
effects of their financial status on their academic performance and have

an idea how they will engage in it.

Teachers. The results of the study would help the teachers on how

they will help their students who are currently experiencing the financial

problem which has an effect on their academic performance by thinking of

other options for giving activities, which is without any money involved.

Parents. This study aims to help parents to strengthen their

relationship with their child and understand the circumstances around

their child's experiences in academic performance because of their

financial problems would also give them an idea on how they will properly

manage their financial support to their child.

Department of Education. Being the authority, the Department of

Education would be able to see that this may be a point of consideration

for their department to help the students with needs that this study would

come up with and even improve it for the advantage of their department.

Future researchers. Future researchers would be able to use the

information from this study that would further enhance a study related to

this topic. Moreover, the data and results could strengthen the validity of

the facts and sanding of their study.

5
OPERATIONAL DEFINITION OF TERMS

The following are the terms used by the researchers in the study to

have a parallel understanding with the readers:

Academic Performance

- Is the extent to which a student, teacher, or institution has attained

their short or long-term educational goals.

Allowance

- A sum of money allotted or granted for a particular purpose, as for

expenses.

Bagong Silangan High School

- Refers to the school where the respondents enrolled in.

Daily Expenses

- Is an item requiring an outflow of money, or any form of fortune in

general.

Financial Status

- This term describes the state of one's financial situation and

standing in relation to money or fortune.

Grade 10 students

- Students who provide data to be analyzed for the research study.

6
 CHAPTER 2

REVIEW OF RELATED LITERATURE AND STUDIES

This chapter presents different literature and studies, foreign and

local, which are relevant to this study. This literature and studies were

gathered by the researcher from different books, articles, and journals.

Related Literature

Local Literature

Locally, the results of the Cebu study demonstrate how poverty has

a big impact on the resources available to students. Many students

struggle to achieve the same academic levels as students who do not live-

in poverty because of this lack of resources. The source of income, and

the mother’s education level are factors that affect student

accomplishment (Guirit, Dumaran, Zamora, and Heramil 2015).

According to the study of (Razafimahasolo et al. (2016). The

researcher calculated the effect of financial literacy on stress levels and

363 college students' academic achievement of a private university in the

Philippines. The writer the respondents had a moderately high level of

financial literacy, a low level of stress, and satisfactory academic

achievement, according to the findings. Furthermore, college students

7
with a high level of financial literacy may have a low level of stress and

excellent academic performance.

Furthermore, based on Dela, T. B. (2016) study about Financing

Education through the Pantawid Pamilyang Pilipino Program, this was

conducted to evaluate the effects of the Pantawid Pamilyang Pilipino

Program (4Ps) on the academic performance of the students who are

enrolled at Calaba National High School, Calaba, San Isidro, Nueva Ecija,

for the School Year 2017-2018 and are currently receiving education cash

grant under 4Ps program.

Foreign Literature

Dang and Bulus (2015) note that because education is a high-

cost social service, students who receive insufficient financial support will

find it difficult to improve their academic performance. This research

seeks to determine the connection between students at Malaysia's public

universities' financial difficulties and academic achievement.

Definitely, those students' financial struggles as a result of

coming from underprivileged families have a negative effect on their

academic achievement. Therefore, they require strong support systems to

assist them in adapting to the demands of higher education. The study's

findings reveal that because of financial issues, students often struggle to

meet the high standards of their coursework as well as to pay fees and

access basic necessities. (Mofoka, Khabane Grace, (2016).

8
 In addition, the socioeconomic factors that affect an individual's or a

group's standard of living are often measured by that person's education,

employment position, and parental income. The present study looks at

how socioeconomic factors affect pupils in higher secondary schools'

academic performance. According to the results of the current study,

mothers' occupations and educational backgrounds have a significant

impact on the academic achievement of their children. (K. Udayakumar,

S. Rajendran, and A. Sugirtha Rani (2022).

9
 CHAPTER 3

RESEARCH DESIGN AND METHODOLOGY

This chapter discussed the research design, sampling procedure,

instrument and technique used, data gathering procedure, and treatment

of data.

Research Design

This study utilized quantitative non-experimental descriptive

research design which was intended to describe a population, situation, or

phenomenon accurately and systematically by observing and measuring

the variables (McCombes, 2020). In its effects on the academic

performance of Grade 10 Students.

Sampling Procedure

The respondent of the study will be the selected Grade 10 students

of Bagong Silangan High School enrolled for the academic year 2022-

2023.

The student- Respondents were selected using stratified random

sampling technique was utilized to ensure that the sample was done

based on the entire population of Grade 10 students in the school. There

were 34 sections in the Grade 10 level, and each section had 30 minimum

10
students and 55 maximum students. The researchers selected 24 sections

and the sections were considered as strata because they were different in

terms of class schedules, teachers, and students. The entire set of cases

from which the researcher sample is drawn in called the population.

Since, the researchers neither have time nor the resources to analysis the

entire population so they apply sampling technique to reduce the number

of cases. The sample size was calculated based on the population of 1,080

Grade 10 students. This resulted in a sample size of 482 respondents. The

selected students were then informed about the study and asked for their

time and participation.

Instrument and Technique Used

In gathering the data, the researchers made a questionnaire and

google-form. Researchers printed out the hard copies of questionnaire.

Researchers’ requests permission from students to fill the hard copies of

survey forms. All they have to do is to check the circle next to the

options. Ms. Jennifer Camba, English 10 teacher, was also asked to sign a

permission letter stating that the researcher may conduct a survey.

Researchers personally distributed questionnaire to those students

who are willing to participate in the study. The data that the researcher

gather will be kept confidential and will only use for the sake of the study.

The researchers also created a google-form. Researchers chose to use

google-form due to having asynchronous classes on March 6-8, 2023. The

respondents from the first six section can type, click and choose from the

11
following choices. The researchers share the link to the following grade 10

sections through personal message.

The researchers also continued to conduct their face-to-face survey

by personally distributing hard copies of questionnaire last March 9, 2023.

By the help of the respective teachers of each section, the researchers

gathered a lot of respondents from the Grade 10 students.

Data Gathering Procedure

After the validation of the instrument, the researchers obtained an

approved letter from the subject's teacher to conduct the study. The

researcher also obtained written consent from the respondents ahead of

the distribution of the instrument. The questionnaire was created using

Google-forms and paper surveys, and respondents were given the link to

the online survey questionnaire and paper survey questionnaires in

person by the researcher. After then, the responses were retrieved. The

obtained data was organized, tallied, and be subjected to statistical

analysis.

Treatment of Data

The gathered data was collated, and correspondingly summarized

by the researchers. The data, gathered from the questionnaire was

subjected by statistical treatment in order to determine and ensure the

reliability of the results.

12
 The following is the statistical procedure used to interpret the data

gathered from the respondents of the study.

1. Simple percentage. The demographic profile variables of the

respondents were analyzed using the simple percentage with the

following formula:

P = F/N (100)

Where:

P=percentage

F=frequency

N=total of respondents

100=constant multiplier

13
 Chapter 4

PRESENTATION, ANALYSIS, AND INTERPRETATION OF DATA

This chapter presents statistical data in relation to the problems

stated in the statement of the problem. This section of the study includes

the corresponding data analysis and interpretation. This chapter presents

statistical data in relation to the problems stated in the statement of the

problem. This section of the study includes the corresponding data

analysis and interpretation.

Table 1. Demographic Profile of the Respondents

Profile Variable Frequency Percentage Ranking

Gender Male 236 49 2

Female 246 51 1

Sections 10- Benevolence 46 9.5 1

10- Compassion 7 1.4 19.5

10- Courage 7 1.4 19.5

10- Courtesy 9 1.8 16

10- Credibility 8 1.7 17.5

10- Dependability 8 1.7 17.5

10- Diligence 16 3.3 15

10- Discipline 28 5.8 8.5

14
 10- Empathy 37 7.7 4

10- Faithfulness 1 0.2 24

10- Generosity 27 5.6 10

10- Harmony 26 5.4 11

10- Honesty 25 5.2 12

10- Integrity 31 6.5 5

10- Justice 17 3.5 14

10- Kindness 2 0.4 22.5

10- Love 29 6 6.5

10- Loyalty 38 7.9 2

10- Obedience 24 5.1 13

10- Patience 28 5.8 8.5

10- Perseverance 29 6 6.5

10- Piety 2 0.4 22.5

10- Sympathy 34 7.10 3

10- Truthfulness 3 0.6 21

Age 14 3 0.6 5.5

15 186 38.6 2

16 225 46.7 1

17 51 10.6 3

18 14 2.9 4

19 3 0.6 5.5

Total 482 100

15
 Table 1 showed the demographic profile of the students. Based on

the table, 49% respondents were male while the remaining 51% were

female, for a total of 482 respondents.

In terms of section, Benevolence came in first with 9.5% of the

total number of responders, followed by Loyalty with 7.9% while

Sympathy got 7.10% of the total population of respondents, Empathy

with 7.7%, and Integrity received 6.4% of the total population of

respondents. Love with 6% respondents tallied with Perseverance with

the same total number of respondents. Discipline with 5.8% respondents,

same with Patience with the equal number of respondents. It is then

followed by Generosity with 5.6% respondents ranked tenth in the total of

the respondents. Next is Harmony with 5.4% respondents, Honesty with

5.2% respondents and Obedience with 5.1% respondents. Justice who

ranked fourteenth in the entire population of respondents with 3.5%

respondents, next is the Diligence with 3.3% and Courtesy with 1.8%

respondents. Credibility with 1.7% tallied with Dependability with the

equal number of respondents. As for the Compassion and Courage, they

have the identical number of respondents which is 1.4%. For the

Truthfulness with 0.6% respondents ranked twenty first in the entire

number of respondents. After that, Kindness and Piety also have the

same total number of respondents with 0.4%. Lastly, with only 0.2% of

responders, Faithfulness ranked lowest among Grade 10 Sections.

16
 Regardless of age, respondents in the age of 16 took up 46.7% of

the total. Followed by 15 with 38.6% respondents, 17 with 10.6%

respondents, 18 with 2.9% respondents. Finally, age 19 came in last

place in terms of age with 0.6%

Table 2. Student's general weighted average for the first quarter

of the school year 2022-2023

Frequency Percentage Ranking

General Average 75-77 13 2.7 7

78-79 35 7.3 6

80-82 85 17.6 3

83-85 115 23.9 2

86-88 129 26.8 1

89-91 67 13.9 4

92-95 37 7.7 5

96-99 1 0.2 8

Total 482 100

Table 2 showed the student’s general weighted average for the first

quarter of the school year 2022-2023. Based on the result 26.8% of the

students have the average of 86-88; followed by 23.9% of students that

17
have 83-85 average for the first quarter; while 17.6% students have the

weighted average of 80-82 for the first quarter.

Meanwhile 13.9% of the students have the weighted average of 89-

91; it was then followed by the 7.7% of students whose average are 92-

95; then 7.3% of the students have the average of 78-79.

On the other hand, 2.7% of the students have the average of 75-

77; and 0.2% of the students have the weighted average of 96-99.

This finding is in disagreement with (Savuth, 2022) Financial

problems are a serious issue that need to be addressed as it leads to

multiple problems such as health issues and academic performance. Since

the findings showed that despite not having financial stability, students

could still maintain a very satisfactory grade.

Table 3. Percentage of family member who is working

Frequency Percentage Ranking

Parents 169 35 1

Mother 58 12 3

Father 167 34.6 2

Brother 7 1.4 9.5

Sister 12 2.5 5.5

Parents and Brother 7 1.4 9.5

18
 Parents and Sister 10 2 8

Parents, Brother and 6 1.2 11

Sister

Mother and Brother 1 0.2 15.5

Mother and Sister 3 0.6 12.5

Mother, Brother and 2 0.4 14

Sister

Father and Sister 3 0.6 12.5

Father and Brother 12 2.5 5.5

Father, Brother and 1 0.2 15.5

Sister

Brother and Sister 11 2.3 7

Other 13 3 4

Total 482 100

Based on the survey results, approximately 35% of students come

from households with working parents (mother and father), while the

remaining 65% are from households with either one working parent or a

sibling.

19
 According to to the result of survey, over 34.6% of students come

from households where the father provides the majority of the family's

financial support, compared to roughly 12% of students from households

where the mother is the only breadwinner.

Furthermore, less than 5% of the students come from households

where a brother, a sister, or a combination of the three is the main

provider of income. Nearly 1.2% of students come from homes where all

three people (the mother, father, and a brother or sister) work.

The remaining 3% of students come from households where non-

family members or other family members act as the major source of

support financially.

Based on the study, a significant number of students come from

households with employed parents, often with the father being the

primary source of income. While others may have varied support systems

where non-family members or other family members are the primary

financial providers.

According to Kerris Cooper and Kitty Stewart, (2021) there is

abundant evidence that children in low-income households do less well

than their peers on a range of developmental outcomes. Stating that

children from low-income families have an increased risk of negative

outcomes such as lower educational achievement, as well for children

with both working parents are likely to have financial stress, parental

20
fatigue, and limited parental time and attention which have a negative

factor on children's academical performance.

TABLE 4. Family income of the students

Frequency Percentage Ranking

5,000-10,000 215 44.6 1

10,000- 15,000 110 23 2

15,000- 20,000 75 15.6 3

25,000-30,000 43 8.9 4

30,000 and above 38 7.9 5

Total 482 100

Based on the survey data, 44.6% of the students come from

families with a monthly income of 5,000 pesos to 10,000 pesos, while

another 23% come from families with a monthly income of 10,000 pesos

to 15,000 pesos.

Additionally, 15.6% of the students come from families with a

monthly income of 15,000 pesos to 20,000 pesos and 8.9% come from

families with a monthly income of 25,000 pesos to 30,000 pesos.

The remaining 7.9% of the students come from families with a

monthly income of more than 30,000 pesos.

This suggest that the majority of the students come from families

that are able to provide for their basic needs, while some come from

21
families with a higher level of disposable income which could afford them

better educational opportunities.

The result agreed with (Abdu-Raheem,2015) parents’ daily income

is having a high and positive correlation regarding the students’ academic

performance. Stating that a student's family income has a significant

impact on their academic performance in school.

Table 5. Students Daily Allowance

Frequency Percentage Ranking

20-50 169 35 1

50-70 159 33 2

70-100 68 14.1 3

100-120 37 7.7 5

120-150 9 1.9 6

150 above 40 8.3 4

Total 482 100

Based on the survey, most of the student’s allowance is 20-50

Pesos which is equivalent to 35% while the other 33% is the students

with a 50-70 pesos allowance.

Meanwhile, there are 68 students that have 70-100 Pesos that is

14.1% there are also 37 students that the allowance is 100-120 which is
22
7.7%

Furthermore, 1.9% of the students which is equal to 9 have an

allowance that is about 120-150 Pesos. While the remaining 8.3% were

the 40 students with an allowance of 150 pesos and above.

This table shows the respondents different amount of allowance and

most of the respondents only have 20-50 pesos which are not enough for

their daily expenses.

The result was in consonance with (Gasiorowska, A., 2015) financial

satisfaction of each student is influenced by the household income of the

parents. Stating that financial satisfaction or the student’s satisfaction

into their allowance are influenced by the household income of the

parents.

Figure 1. Students Financial Assistance

23
 Figure 1 shows that 20% of the respondents indicated that they

were members of the "4Ps" and received financial support from other

people or sectors; 0.4% students answered the "Angping Foundation,"

another 0.4% answered by a grade 10 student that they are supported by

Unbound; 0.2% answered that they're supported by the "Paafi

Foundation," and 79% indicated that they don't receive any financial

assistance. Because of this, most of our respondents said they don't

receive financial support from other people or organizations. In a nutshell,

it tells us that many students do not have support from other people or

any organization because their family or parents can really give them the

support they need in school and other things.

According to these results, the majority of students came from

wealthier households that were able to provide for their children on their

own, while some students may have low-income levels and hence require

financial assistance from other individuals or sectors.

79% of the respondents doesn't have financial assistance because

application for loans and financial assistance are hard and have a very

long process. Keith Peters (2019) Student loans in different forms from

various government branches have been around for a long time.

24
 Table 6. Students Grade and their Allowance

20-50 50-70 70-100 100-120 120-150 150 above Total

75-77 8 2 2 1 13

78-79 18 12 2 2 1 35

80-82 37 26 11 3 1 7 85

83-85 39 37 14 11 2 12 115

86-88 46 47 16 6 4 10 129

89-91 15 23 14 9 1 5 67

92-95 6 12 9 6 1 3 37

96-99 1 1

Total 169 159 68 37 9 40 = 482

The table shows the student's first grading average and their daily

allowances. The grades cover a wide range, from an average of 75-77 to

an average of 96-99. There are 8 students with an average score of 75-

77, and they receive daily allowances of 20-50. The same allowance

range is applicable for the group of students with an average score of 78-

79, which comprises 18 students.

25
 The table also reveals that 37 students received daily allowances

ranging from 20-50 had a general average score of 80-82. Similar to this,

39 students with general average of 83-85 are also given daily allowances

of 20-50.

There are 47 students with a daily allowance of 50–70 had an

average of 86-88. Another 23 students had an average range from 89-91

that also receives a 50-70 daily allowance. There are only 12 students

with an average score of 92 to 95 that is given a daily allowance of 50-70.

One student with a daily allowance of at least 150 will be the final student

with an average score of 96 to 99.

In general, the data suggests that students with better academic

performance tend to receive higher daily allowances. This indicates that

having financial support may improve academic achievement.

In line with this study, socioeconomic status affects academic

performance of students significantly, because their socioeconomic status

should not hinder students from achieving what they want to achieve

(Sollano, Duhaylongsod, Aviso & Moneva, 2018). Stating that the parents

giving an allowance to their children has a impact to their grades in

school, if they received low allowance it might result to achieve the

average level of grades.

26
 Chapter 5

SUMMARY, CONCLUSION AND RECOMMENDATIONS

This chapter presents the conclusion and recommendations based

on the study and its findings. This study was summarized so that readers

and future researchers can be able to understand the financial status and

its effect on the academic performance of selected Grade 10 students at

Bagong Silangan High School.

SUMMARY OF FINDINGS

The study aimed to determine the effects of financial status on

academic performance of selected grade 10 students at Bagong Silangan

High School.

The study recognizes the challenges faced by students from low-

income families, particularly when it comes to financial difficulties. The

gathered data shows the majority of most respondents are ranging to the

age of 15 to 16.

The study used stratified random sampling to select the student

respondents from 28 sections. The respondents' profile was recorded,

consisting of age, grade, section, and gender. The respondents were

given access to the online survey and also received paper surveys in

person from the researcher. After the data was collected, it was analyzed

using a simple percentage formula.

27
 Based on the study's findings, the majority of students come from

families that are able to meet their basic needs. However, some students

come from families with higher incomes, enabling better educational

opportunities, while others have lower incomes, potentially requiring

financial assistance such as 4ps and others. Most students received an

allowance but it was not sufficient to cover school expenses. The study

also revealed that some students come from households where non-

family members or other family members are the major financial

supporters.

The study has the potential to benefit students, teachers, parents,

the Department of Education, and also for the future researchers as the

data and results can help them enhance the validity of related studies. It

is recommended that students and their families should seek out financial

assistance that could help them financially, furthermore, students should

strive to develop healthy financial habits, such as budgeting and saving

money and avoid overspending on unnecessary items.

28
 CONCLUSIONS

In order to better understand the findings of the study, the

following conclusions are drawn:

1. The majority of the students come from families that are able to meet

their basic needs. However, some students come from families with

higher incomes, enabling better educational opportunities, while others

have lower incomes, potentially requiring financial assistance such as 4ps

and others.

2. There are still some programs like 4p's, Angping and Paafi Foundation,

who help the parents of the 79% students who don’t have financial

support to support them financially.

3. Most students received an allowance but it was not sufficient to cover

school expenses. The study also revealed that some students come from

households where non-family members or other family members are the

major financial supporters.

4. The findings shows that 44.6% majority of the Grade 10 students in

Bagong Silangan High School belongs to less fortunate family that have a

5,000-10,000 lowest income. Gender and section do not have something

to do in gauging financial status and its effects on their academic

29
performances.

5. According to the findings, Financial Status affects students average

with their daily allowance and even students with a low income can

maintain a passing grade.

RECOMMENDATION

With regard on the result of the conclusion, the following

recommendations are given:

Students- Establish an intervention program that targets the most

vulnerable students and provides them with the necessary resources and

support to overcome financial obstacles and encourage students to

participate in IPON challenge, a financial education program that helps

students learn about budgeting, saving, and earning money

Parents- Parents should support their children academically and

financially, and create a positive home environment that encourages

learning. They should also encourage their children to participate in

extracurricular activities that can help them develop valuable skills.

Teachers- Teachers should incorporate financial education into

their instruction and provide students with resources on personal finance,

30
including budgeting, saving, and investing. This can help students develop

positive financial habits and better manage their finances.

School- This serve as a secondary home for children, need to

consistently consider the individual circumstances of each student. It is

important for them to collaborate and discuss effective strategies to assist

all students, particularly those facing financial difficulties. Additionally,

schools should offer financial management lectures to help students

improve their budgeting skills and foster savings habits.

DepEd- As the primary governing body in schools, DepEd has the

responsibility to create more opportunities for students, such as

comprehensive scholarships and financial assistance. For instance, DepEd

should strive to expand access to high-quality education without

burdening students with additional costs or fees. This ensures that

students can receive a good education without facing financial barriers

imposed by the school.

Future Researcher- Future researchers should be diligent in

addressing all the concerns raised in this study and filling the existing

gaps in knowledge. It is crucial for them to thoroughly cover all the

aspects and issues highlighted in this research.

31
 REFERENCES

Abdu-Raheem (2015). Parents’ socioeconomic status as predictor of

secondary school students’ academic performance in ekitistate,

Nigeria. Journal of Education and Practice, 6(1), 123-128. [Online]

Available: https://files,eric,ed,gov/fulltext/EJIo83795.pdf

Cooper, K., Stewart, K. Does Household Income Affect Children’s

Outcomes? A Systematic Review of the Evidence. Child Ind Res 14,

981–1005 (2021). https://doi.org/10.1007/s12187-020-09782-0

Dang, E. I., & Bulus, E. J. (2015). The Impact of Finance on The

Academic Performance of Secondary School Students in Akwanga Local

Government of Nassarawa State, Nigeria. Journal of Social Sciences

and Public Policy, 7(2), 44–54.

https://www.researchgate.net/publication/284551946_THE_IMPACT

_OF_FINANCE_ON_THE_ACADEMIC_PERFORMANCE_OF_SECONDAR

Y_SCHOOL_STUDENTS_IN_AKWANGA_LOCAL_GOVERNMENT_OF_N

ASSARAWA_STATE_NIGERIA

32
Dela, T. B. (2016). Financing Education through the Pantawid Pamilyang

Pilipino Program (4Ps); International Journal of Humanities and

Social Science, 6(5).

https://www.macrothink.org/journal/index.php/jpag

/article/view/14762

Guirit, Dumaran, and Heramil. (2015) "Financial Status and Academic

Performance: Basis for a Propose College Tuition Planning"

https://www.academia.edu/16591981/Financial_Status_and_Acade

mic_Performance

K. Udayakunar, S. Rajendran, A. Sugirtha Rani (2022) Socio-economic

status impact on academic performance of higher secondary

students- a regression analysis.

https://journalppw.com/index.php/jpsp/article/view/8456/5525

Marschall, S. (2016). The effects of tertiary students’ financial problems

on academic performance: the case of Motheo Technical Vocational

Education and Training in Bloemfontein.

https://researchspace.ukzn.ac.za/xmlui/handle/10413/15164

Peters, K. (2021, December 10). How Student Loans Help You Create a

Great Future-InvestEd Philippines - Medium. Medium.

33
 https://medium.com/invested-philippines/invested-philippines-how-

student-loans-help-you-create-a-great-future-9487c932ec8c

Razafimahasolo, M., Borromeo, R., Sausa, L., Carpizo, R., & Sabado, J.

(2016). Impact of financial literacy on level of stress and academic

achievement among college students. AUP Research Journal,

19(2):21-35. https://research-manila.letran.edu.ph/read/147

Sala. (2022, August 2). Financial Problems - Sala. Sala.

https://www.sala.co/blog/financial_problems

Sollano, A., Duhaylungsod, K., Aviso, M., & Moneva, J. (2018) Daily

allowance and academic performance. International Journal of

Engineering Science and Computing, 8(6),1968-1969.

https://www.researchgate.net/publication/340206323_School_Allow

ance_and_Students'_Determination_in_Studies

34
 Appendix A:

SURVEY QUESTIONNAIRES

Dear Respondents,

We are from grade 10 Benevolence, under the supervision of

Ms. Cumal. And we are currently working on our research in English 10.

Our topic is “Financial Status and its effects on the Academic

Performance of Grade 10 students of Bagong Silangan High

School”. Approved by our English teacher, Ms. Jennifer Camba. We

humbly ask for your participation and kindly fill out tiis survey

questionnaire as your responses will enable our group to attain the

purpose of the study. Rest assured, that the imformation you provided

will be kept anonymously and will not be used other than this research.

Thank you so much for your honesty and participation.

The Researchers

35
 SURVEY QUESTIONNAIRE

General average during the first quarter of SY.

2022 & 2023

75-77 78-79 80-82 83-85

86 -88 b 89-91 b 92-95 b 96-99

Who among the family members are working?

b Parents B Mother only b Father only

b Brother b Sister b Others

Monthly total income of family

b 5,000-10,000 b 10,000-15,000 b 15,000- 20,000

b 25,000-30,000 b 30,000 above

How much is your allowance every day?

b 20-50 pesos b 50-70 pesos 70-100 pesos

b b 36 b
 100-120 pesos 120- 150 pesos 150 above

Are you a member of 4ps? b Yes b No

Do you receive financial support from other

people or sector?

If yes, please indicate. ____________

Appendix B: Parent Consent Letter

March 3, 2023

Dear Parents,

I am writing to request your consent for [Name of Student] to

administer their survey questionnaire in BSHS during Tuesday, Thursday,

and Friday for their research paper, as final requirement in the English

subject. Moreover, this activity will be beneficial to the researchers as it

will help them to know the basics of research for their future studies. We

will ensure that all necessary safety precautions are taken and that the

activity is supervised at all times.

Thank you for your time and consideration.

Sincerely Yours,

37
Jennifer P. Camba

English Teacher

If you agree, please sign and return this form.

[Name of parent over signature]

38
 Appendix C: Bio Sketch

PERSONAL INFO

Name: Cristal Mae O. Cho

Birthday: November 29, 2006

Sex: Female

Address: Blk 12 Lot 5 D&A Vicente Village

Brgy. Bagong Silangan, Q.C, Philippines

Email: cristalmae46@gmail.com

Contact No: 09455793541

Birthplace: Quezon City, Philippines

Religion: Roman Catholic

Citizenship: Filipino

Civil Status: Single

EDUCATIONAL BACKGROUND

Junior High School:

 BAGONG SILANGAN HIGH SCHOOL (2019-2023)

39
Elementary School:

 BAGONG SILANGAN ELEMENTARY SCHOOL (2012-2019)

MOTTO: “Dream big, work hard, achieve greatness.”

PERSONAL INFO

Name: Beatriz L. Dino

Birthday: January 27, 2007

Sex: Female

Address: 65 Rd. 7 Extension Purok 5, Brgy. Bagong Silangan

Q.C, Philippines

Email: dinobeatrizlabasbas@gmail.com

Contact No: 09265653708

Birthplace: Quezon City, Philippines

Religion: Roman Catholic

Citizenship: Filipino

Civil Status: Single

EDUCATIONAL BACKGROUND

Junior High School:

 BAGONG SILANGAN HIGH SCHOOL (2019-2023)

Elementary School:

40
  BAGONG SILANGAN ELEMENTARY SCHOOL (2012-2019)

MOTTO: “Everything you lose is a step you take”

PERSONAL INFO

Name: Kisha Rose O. Elizada

Birthday: December 29, 2006

Sex: Female

Address: 034 Sto. Niño De Payatas Ext. St. Payatas A

Q.C, Philippines

Email: kisharoseelizada@gmail.com

Contact No: 09558750943

Birthplace: Quezon City, Philippines

Religion: Roman Catholic

Citizenship: Filipino

Civil Status: Single

EDUCATIONAL BACKGROUND

Junior High School:

 BAGONG SILANGAN HIGH SCHOOL (2019-2023)

Elementary School:

41
  BAGONG SILANGAN ELEMENTARY SCHOOL (2012-2019)

MOTTO: “It is better to fail in originality than to succeed in imitation”

PERSONAL INFO

Name: Nicole Ann L. Gangani

Birthday: March 29, 2007

Sex: Female

Address: F-7 Sulyap ng Pag-asa Housing

Brgy. Bagong Silangan, Q.C, Philippines

Email: nicolegangani@gmail.com

Contact No: 09084001878

Birthplace: Quezon City, Philippines

Religion: Roman Catholic

Citizenship: Filipino

Civil Status: Single

EDUCATIONAL BACKGROUND

Junior High School:

 BAGONG SILANGAN HIGH SCHOOL (2019-2023)

Elementary School:

 BAGONG SILANGAN ELEMENTARY SCHOOL (2014-2019)

42
  DOÑA JUANA ELEMENTARY SCHOOL (2013-2014)

MOTTO: “Always remember you are the best among the rest”

PERSONAL INFO

Name: Nyah Izabelle S. Infante

Birthday: February 23, 2007

Sex: Female

Address: 229 A J.P. Rizal St. Brgy. Bagong Silangan, Q.C

Philippines

Email: nyahizabelleinfante@gmail.com

Contact No: 09605206948

Birthplace: Quezon City, Philippines

Religion: Roman Catholic

Citizenship: Filipino

Civil Status: Single

EDUCATIONAL BACKGROUND

Junior High School:

 BAGONG SILANGAN HIGH SCHOOL (2019-2023)

Elementary School:

 ELEMENTARY SCHOOL OF FOOTHILLS CHRISTIAN SCHOOL (2017-2019)

43
  DAYNON PREPARATORY SCHOOL (2015-2017)
 KUMFEE CARE COLLEGE (2013-2015)

MOTTO: "Live your life as if it your last"

PERSONAL INFO

Name: Irish Sizshouki S. Juanillo

Birthday: October 26, 2007

Sex: Female

Address: #17 Dalton Pass Rd. Brgy. Holy Spirit, Q.C

Philippines

Email: juanilloirish078@gmail.com

Contact No: 0994865725

Birthplace: Quezon City, Philippines

Religion: Roman Catholic

Citizenship: Filipino

Civil Status: Single

EDUCATIONAL BACKGROUND

Junior High School:

 BAGONG SILANGAN HIGH SCHOOL (2019-2023)

Elementary School:

 BAGONG SILANGAN ELEMENTARY SCHOOL (2014-2019)

44
  HOLY ROSARY SCHOOL OF SCIENCE AND TECHNOLOGY (2013-2014)

MOTTO: “Don’t lose yourself seeking their approval”

PERSONAL INFO

Name: Zaira O. Lezada

Birthday: February 24, 2007

Sex: Female

Address: 51a Hornbill St. Sitio Veterans,

Brgy. Bagong Silangan, Q.C, Philippines

Email: lezadazaira@gmail.com

Contact No: 09284516880

Birthplace: Quezon City, Philippines

Religion: Iglesia Ni Cristo

Citizenship: Filipino

Civil Status: Single

EDUCATIONAL BACKGROUND

Junior High School:

 BAGONG SILANGAN HIGH SCHOOL (2019-2023)

Elementary School:

 FLOR DE GRACE SCHOOL (2011-2019)

45
MOTTO: “Money is the anthem of success”

46