THE OF RELATIONSHIP BETWEEN FINANCIAL PROBLEMS TOWARDS THE

ACADEMIC PERFORMANCE OF SENIOR HIGH SCHOOL STUDENTS

OF RONAR ACADEMIA DE GERONA INC.

A Research Presented to the Faculty of the

Ronar Academia De Gerona, Inc

Pinasling, Gerona, Tarlac

S.Y 2024-2025

In Partial Fulfillment of the

Requirement of Practical Research 2

Prepared By:
Bautista, Allysa P.
Cura, Darel Mae S.
Goma, Aljon O.
Bangis, Rhea C.
Joaquin, Kelly Jess
Largado, Viviant J.
Macalino, Reyne
Saludez, Jairus
Sigua, Yvan
12-SERPENTINE
 Chapter 1

The Problem and Its Background

Introduction

Students facing financial difficulties often show lower commitment to their goals, less

engagement in their studies, and reduced persistence, which increases their risk of dropping out.

Some students work to support themselves while balancing their academic responsibilities.

Halliday (2014) noted that a student's financial situation impacts their learning commitment and

academic success. Here in the Philippines, students facing lower grades, accumulate fewer and

may even consider reducing their allowance or due to financial concerns. Students from

disadvantaged backgrounds face enormous financial challenges that impact their academic

performance. With the ongoing system, some students find it hard to focus on their studies, there

are also a number of students who stopped and chose to work.

According to Olufemioladebinu et al. (2018), students from low-income families typically

perform worse academically than those from wealthier backgrounds. Wealthy students tend to have

more supportive learning environments, which can lead to better academic outcomes compared to

their low-income peers (Asri et al. 2017). Financial problems of students significantly contribute

to their low academic performance, which, in turn, leads to the overall low quality of education in

many different ways. (Nnamani, Dikko, and Kinta, 2014).

This situation highlights the urgent need for support systems and interventions that address

the financial challenges students face to improve retention and academic outcomes. This is

supported by research, which claims that financial tension is well-known to negatively impact the

motivation as well as concentration skills of the students. For instance, according to Soria and
Stebleton (2013), financial hardships do negatively affect the level of student engagement in

academics and also negatively affect student satisfaction.

A considerable amount of studies has been conducted to prove the impact of financial

problems towards academic performance are one of our problems that needs solutions. It offers a

solid basis for understanding the challenges low-income students face. That's why it is very

significant to better understand this kind of phenomenon, suggesting that addressing these issues

could improve education quality. This is the reason why the researchers conducted this study.

This research paper aims to know the impact of financial problems towards academic

performance of Senior High school students in Ronar Academia De Gerona Inc.

Statement of the Problem

This study aimed to determine the impact of financial problems towards academic

performance of Senior High School Students at Ronar Academia De Gerona Inc.

1. What is the demographic profile in terms of:

1.1 Age

1.2 Sex

1.3 Weekly Allowance of Students.

2. What are the coping mechanisms does Senior High Students use to manage their financial

situation?

3. What are the struggles the student’s face?

4. Do students feel that financial problems affect their ability to focus on their studies?
Significance of the Study

In this study, the researchers examined the Impact of financial problems towards their

academic performance. Finding out about the struggles faced by Senior High School Student’s at

Ronar Academia De Gerona Inc.

To the Government, particularly those related to ending severe poverty and providing financial

support for their academic pursuits.

To the Students, this study will be a great help as they will know the impact of financial and some

of them might relate.

To the Teachers, this study may assist teachers to understand students more.

To the Future Researchers, this study will serve as a guide as this provides trusted information

that will be needed as reference for future researchers.

Scope and Delimitation of the Study

This study examines the impact of financial problems on the academic performance of

Senior High School Student’s at Ronar Academia De Gerona Inc. It aims to quantify how

challenges like school fees and family income instability affect grades and attendance, using

structured surveys from a random student’s. The focus on this specific student population, which

may limit generalizability, and the potential bias from self-reported data. The study will only

address financial issues, excluding other factors like personal circumstances or health, and the

timeframe for data collection may restrict insights into long-term effects on academic

achievement.
 Chapter 2

Review of Related Literature and Studies

This chapter provided a thorough assessment of related literature and studies that were

serve as a foundation for this research.

Foreign Literature

Financial challenges significantly hinder educational achievement, particularly in low-

income contexts. These economic constraints limit access to quality education and support,

highlighting the need for effective policies to promote educational equity.

According to Pernanda, et al. (2024). Financial challenges are a significant obstacle to

achieving educational goals, particularly in low-income contexts. Financial constraints negatively

impact access to and quality of education, making it difficult for families with limited resources to

provide adequate support for their children, which affects learning outcomes. It emphasizes the

link between finance and educational inequality, advocating for government policies that offer

financial assistance and promoting collaboration between government, schools, and communities

to create a fair and inclusive educational environment.

Duquennois, D. (2022) Disadvantaged students perform worse on math exams with money-

related questions. A 10 percentage point increase in these types of questions lowers exam

performance by 0.026 standard deviations, which is about 6 percent of their overall performance

gap. The study uses detailed data to show that financial stress affects performance on both money-

related and similar non-money questions. These results suggest that the challenges of poverty
impact outcomes in real-world situations beyond just experiments. Study recommends further

policy research to address these financial barriers.

According to Budiongan, J., Smith, A., & Lee, C. (2024). Student’s from lower

socioeconomic backgrounds face financial challenges that limit access to educational resources,

negatively impacting their academic performance and overall motivation. Socioeconomic factors,

parental expectations, and student motivation impact academic success. Data from 99 senior high

school student’s reveal that those from wealthier backgrounds have better educational resources,

leading to higher performance. Parental expectations significantly motivate student’s and create

supportive learning environments, while high student motivation is essential for effective study

habits and resilience. The research calls for a comprehensive approach to educational policy,

particularly for supporting disadvantaged students, and emphasizes the importance of

collaboration between schools and families to enhance learning outcomes.

Lastly, Munir, A., Khan, B., & Patel, R. (2023). This study analyzes the impact of socio-

economic status (SES) on student academic performance. By sampling 300 secondary school

student’s, it examines how parental income, education, and occupation influence academic

achievement, measured through standardized tests and GPAs. The analysis includes correlation

and regression methods to explore how SES predicts academic outcomes while considering factors

like family engagement and school resources. The findings indicate that students from higher SES

backgrounds perform better academically, but parental involvement and school resources can

mitigate the negative effects of low SES. The study suggests targeted interventions for low-income

students to help reduce the achievement gap and promote equitable education.

Local Literature
 Many students face significant challenges when it comes to affording the materials required

for their classes. Financial constraints can lead to difficult decisions, such as avoiding certain

courses altogether due to the inability to pay for necessary resources. This situation not only affects

their academic performance but also creates anxiety about grades and overall educational success.

Understanding these financial barriers is essential for developing strategies to support students in

achieving their academic goals.

According to Moore et al. (2021) one student shared they avoided specific classes because

they couldn't afford the necessary materials. This concern was echoed by others who feared that

not being able to pay for these materials would negatively affect their grades. Many students

expressed that it was challenging for them to purchase even "very basic amenities," highlighting

the financial difficulties they faced in accessing essential educational resources. These challenges

illustrate how financial constraints can limit students' educational opportunities and impact their

overall academic success.

Bernardo, A. B. I., & Resurreccion, K. F. (2018). Explored how character strengths can

buffer the impact of adverse experiences on well-being, focusing on the role of external locus-of-

hope (LOH) in moderating financial stress among Filipino students. Questionnaires were

administered to students from various universities, measuring financial stress, internal and external

LOH, and life satisfaction. The findings indicated that financial stress negatively affected life

satisfaction, while all three dimensions of LOH positively influenced it. Notably, external-family

LOH moderated the relationship between financial stress and life satisfaction, showing no negative

impact on students with high external-family LOH. Conversely, external-spiritual LOH was

positively related to life satisfaction only for those experiencing low financial stress.
 Madarang (2022) reported in the Philippine Star that students from income brackets higher

than the lowest group may experience fewer depressive feelings. The authors of the study

suggested that a student's economic standing relative to their peers influences their feelings of

depression. In light of these findings from various studies, the researchers of this study decided to

explore students' financial struggles and their coping strategies.

As noted by Moore et al. (2021) indicated that financial stress can significantly hinder

academic success for students. This stress often prevents them from purchasing essential

textbooks, which are crucial for their studies. As a result, students may feel compelled to prioritize

part-time jobs over their coursework to meet financial demands, leading to a decrease in the time

and energy available for their academic responsibilities. Additionally, financial stress can obstruct

students' career aspirations, making it difficult for them to pursue further education or training that

aligns with their goals. In the local context, these financial challenges affect a considerable number

of student’s, highlighting the urgent need for support systems that address financial barriers to

education.

Research on the subject regularly demonstrates that financial hardships have a negative

effect on students' academic success. Every literature supports laws that remove financial obstacles

to education and advance equal access to learning opportunities. A number of literature investigate

the wider influence of socioeconomic status on academic performance. This includes things like

the occupation, education level, and parental income. The impact of financial stress on students'

academic performance—such as concerns about covering living expenses or tuition—is the subject

of other studies. Further Literature are conducted to look into the real impact of financial stress on

academic performance. Investigating how stress impacts students' motivation, focus, or capacity

to obtain essential resources is one way to do this.

 Review of Related Study

Foreign Study

Financial challenges can significantly hinder student’s academic success. Struggling with

finances often leads to increased stress and lower performance, making it essential to address these

issues to create a supportive educational environment.

A study carried out by researchers at the University of Nizwa (2019) found that students

who are susceptible to financial stress earned poorer grades and fewer credit hours. Due to financial

stress, students impacted in their academic performance had to choose between reducing their

course workloads or dropping out entirely, and they also reported increased stress about their

finances. It became evident that students' academic performance was worse when they were

concerned about their financial situation.

According to Dang and Bulus (2015) that education is costly, and without enough financial

support, students may struggle to do well in school. This study looks at how financial problems

impact the grades of public university students in Malaysia. The researchers surveyed 120 students

and used SPSS to analyze the data. The results showed a clear connection between financial

difficulties and lower academic performance, with a p-value of 0.014, indicating that money

problems can harm students' grades.

Local Study

Financial stress poses challenges for international students in Cavite, Philippines,

impacting their academic motivation and performance. This study explores how these pressures

influence their educational experiences.

According to Acbang, et al. (2018) Understanding this relationship is essential for creating

effective support systems. Insufficient funds are seen as one of the most common problems

affecting many students. Most students have encountered financial stress, which can adversely

affect their academic success.

Press, A. P. (2016) reported that international students in Cavite, Philippines, show

moderate concern about their financial situations. However, they remain determined to pursue their

studies due to their motivation to learn. They recognize a connection between learning motivation

and financial stress. Given the moderate financial strain faced by international students in Cavite,

further research is needed to understand the intrinsic factors that drive their motivation. While

these students experience some financial stress, they do not believe it significantly hampers their

desire to learn.

Based on Baltisoto et al. (2019). The relationship between financial stress and academic

performance indicates that addressing student’s needs can positively influence their goal

attainment. Financial stress is a major issue for all student’s today, not just those in high school.

Polinar et al. (2023) indicate that students frequently encounter financial difficulties that

negatively affect their well-being. These challenges include struggles with budgeting, ineffective

financial planning, high debt levels, limited funds, cash flow problems, and a lack of financial

literacy. The study points out that financial stress can hinder academic success by preventing

students from purchasing necessary resources, pushing them to prioritize work over studies, and
 obstructing their career goals. Many students in the local area are affected by these financial issues,

with official data showing that a significant portion of the school-age population experiences

financial stress.

The correlation between financial problem and academic performance is acknowledged by

these studies. They show how academic performance is adversely affected by financial problem,

indicating that meeting children' financial needs might have a favorable impact on their

achievement in school. All of the studies center on this topic, but they differ in their methodologies.

While some use statistical research and surveys, others give detailed explanations of how financial

stress impacts academic achievement. Some focus on finding evidence that this association exis

Conceptual Framework

INPUT
PROCESS OUTPUT

1.What is the demographic 1. Data collection of student’s 1. Create a budget to keep

profile. track of their spending and
profile in terms of: income.
2. Administering
questionnaires. 2. They are unfamiliar
1.1. Age with budgeting their
3. Organization of student’s allowance.
1.2. Sex responses.
3. Financial difficulties
4. Statistical analysis of data.
that could negatively
1.3. Weekly Allowance
impact their education.
of Students.

2. What are the coping

mechanisms does Senior

High Student’s use to

manage their financial

situation?
Definition of Terms

• Academic Performance - The extent to which a student meets the educational. Often

measured through grades, test scores, and assessments that evaluate a student's knowledge.

• Educational Inequality - The disparities in access to educational resources, opportunities,

and outcomes among different groups of students.

• Financial Challenges - Difficulties that individuals face in managing their finances, which

can include inadequate income, high levels of debt, and unexpected expenses. For students,

these challenges can manifest as an inability to afford tuition, textbooks, and other

educational materials, which can negatively impact their academic success.

• Lower Socioeconomic - Individuals or families with limited economic resources, often

characterized by low income, low educational attainment, and unstable employment. Those

in lower SES groups may face greater obstacles in accessing quality education, healthcare,

and other essential services, which can affect their overall quality of life and future

opportunities.
 Chapter 3

Methodology

This chapter will present the method of research used in the study. It includes the

research design, locale of the study, respondents and sampling procedure, instrument, and

the data gathering procedure. These are described in the following paragraphs.

Research Design

This study will use the Correlational Design Method of Research.

Locale of the Study

This study will be conducted in Poblacion 2, Gerona Tarlac. Those who will be

surveyed are the Senior High School Students at the Ronar Academia De Gerona Inc.

which…

Respondents and Sampling Procedures