Does financial stress have impact on academic performance? Research Proposal 2022

Running head: RESEARCH PROPOSAL
Research Proposal
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RESEARCH PROPOSAL1
Proposal Title - Does financial stress have impact on academic performance?
Literature Review
According to Archuleta, Dale and Spann (2013), there have been several dynamics in
academic courses in the recent past and due to such dynamics, college and tuition fees have
increased at a faster rate than it was decades ago compared to inflation and median family
earning. College students have to segregate significant portion of their overall cost of
education because of the increasing tuition rate and lower level of financial back up.
According to the findings of a new study performed by Harvard financial hardship is most
likely to create impact on individual’s cognitive ability. In this context, Lim et al., (2014)
arguably stated that governments’ additional spending on Medical resulted in lower education
appropriations and as the result, the expense of college education has particularly
outperformed the rate of inflation. The above study has particularly evaluated the factors
behind the increasing financial stress on college and university students and it was found that
there is a significant gap between the overall costs of college education and expected family
contribution. When it comes to factors, Bennett, McCarty and Carter (2015) insisted on the
unforeseen expenses just as the hospital bills, medical expense, financial instability of
families, etc. On the contrary, Mushtaq, and Khan (2012) performed a study on the impact of
stress on academic performance of college students and stated the fact and revealed the
results that level of stress of senior college students is due to constant recession, limited
employment opportunities and growing financial burden during the academic career.
Treating the available financial advantage in a negative way Beiter et al., (2015)
stated that when students are involved in a part-time job during their academic career invest
plenty of time in work which should rather be spent on study and this practice cause the stress
on students. So, in one hand students are seeking to deal with issue of personal life, in other