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B3a Anxiety, Money, and Academics in the First Year of College
Short Description
Higher Education is looking for that "silver bullet" when it comes to reducing the attrition rate among their students. Prior research attempts to place those students who drop-out of college into a specific "bucket" - financial or academic or fit within the College. Our research looks for bleed-over effects in regards to those students who leave college during their first semester. We conducted a 139 question survey on all first-year students to gain information about their personal financial literacy, personal financial wellness, and self-reported stress levels on 24 different factors (the factors are then placed into one of four categories: Managing Work, Family and School, Academic Performance in the Classroom, and Academic Performance outside of the Classroom). Initial findings show that students who self-report high levels of stress have lower financial literacy (scoring lower on the FINRA 6 question survey), lower financial wellness (morel likely to not be able to handle a $500 expense, have trouble sleeping because of financial situation), and are more likely to be working.
Type of presentation
Accepted Oral Presentation