Impact of lack of financial support on academic performance of students?
Research Question
Academic Insights
The lack of financial support significantly impacts students' academic performance by exacerbating various forms of deprivation, leading to lower GPA, delayed graduation, and increased psychological stress.
Key Insights
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Multidimensional Poverty and Deprivation:
- Financial deprivation is often accompanied by other forms of deprivation such as lack of basic needs, resources, and psychological wellbeing, which collectively affect students' success and wellbeing .
- Addressing only financial needs is insufficient; universities should also implement measures to mitigate other deprivations through mentorship programs and psychological support .
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Impact on Academic Performance:
- Students from low-income backgrounds, particularly Hispanic first-generation students, tend to have lower GPAs and take fewer units per semester, which can delay graduation and increase debt .
- Financial aid programs, while improving access to higher education, often remain inaccessible to the most financially needy due to complex application procedures and other barriers .
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Psychological and Social Impacts:
- Financial stress can lead to psychological issues such as stress, shame, stigma, and loss of dignity, which further hinder academic performance .
- The complexity and uncertainty of financial aid systems can lower students' educational aspirations and expectations, affecting their long-term academic goals .
Conclusion
The lack of financial support has a profound and multifaceted impact on students' academic performance, necessitating comprehensive support systems that address both financial and non-financial forms of deprivation to enhance student success and wellbeing.
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Related Questions
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- What role do part-time jobs play in student performance?
- How does access to resources influence academic success?
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