Authors: Friday Joseph Adamu, Gideon Shekarau Wunyi & Achibon Markus
Journal pages: 10–17
Area: Student welfare / Education / Economics

Abstract

The article examines the relationship between financial stress and students’ academic performance against the background of rising education and living costs in Nigeria.

The study drew 120 students from an estimated population of about 4,000 students and used questionnaires, frequencies, percentages and tables to analyse responses.

Introduction

The authors argue that financial resources are important to students’ ability to pursue education successfully. Rising costs and economic pressures can create stress for students who must simultaneously deal with academic responsibilities and financial difficulties.

The paper discusses financial stress in relation to:

• payment of educational expenses;
• personal financial obligations;
• students’ ability to meet deadlines;
• academic participation;
• psychological wellbeing; and
• academic performance.

The article also discusses theories of behaviour and learning in explaining how environmental pressures can influence students’ responses and learning.

Problem addressed

The central concern is that students experiencing financial difficulties may have difficulty concentrating on their studies, attending classes consistently and meeting academic obligations.

The paper particularly links financial difficulties with the broader economic realities facing Nigerian students.

Methodology

The researchers:

• used a sample of 120 students;
• employed simple probability/random sampling;
• administered questionnaires;
• analysed responses using frequencies and percentages; and
• interpreted the findings in relation to financial stress and academic performance.

Findings

The study concludes that financial stress constitutes a significant obstacle to students’ academic performance.

The researchers therefore argue that addressing financial difficulties is not merely a welfare issue but can contribute to creating a better academic environment.

Conclusion

The article’s central conclusion is that students’ academic success cannot be considered independently of their economic circumstances.

Recommendations

The researchers recommend targeted interventions that can reduce students’ financial burdens and create conditions more conducive to learning.