Perception of financial satisfaction and its implications for free first-year education in New Zealand university students

[...]the rationale for the current research is presented. According to a news article in The Australian, Australian students reported that financial instability was one of the reasons they would drop out of university (Hare, 2017). According to them, the two most important stressors in a student...

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Bibliographic Details
Published inNew Zealand Journal of Psychology (Online) Vol. 49; no. 2; pp. 4 - 14
Main Authors Afzali, M Usman, Bustos, Julie Viviana Cedeño, Kemp, Simon
Format Journal Article
LanguageEnglish
Published Christchurch New Zealand Psychological Society 01.08.2020
Subjects
Education
Education policy
Employment
Mental depression
Mental health
Perceptions
Socioeconomic factors
Stress
Student debt
Student loans
University students
New Zealand
United States > US
Ohio
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Summary:[...]the rationale for the current research is presented. According to a news article in The Australian, Australian students reported that financial instability was one of the reasons they would drop out of university (Hare, 2017). According to them, the two most important stressors in a student's life appeared to be expecting a large student loan at graduation and inability to participate in the same activities as peers due to insufficient funds. (2008) who studied a sample of Canadian medical students and reported that both present and future anticipated debt predicted perceived financial stress. [...]anticipated debt accounted for extra variance in financial stress beyond that produced by current debt.
ISSN:1179-7924