Stretching Every Dollar: The Impact of Personal Financial Stress on the Enrollment Behaviors of Working and Nonworking Community College Students

Autor/inn/en	Mukherjee, Moumita; McKinney, Lyle; Hagedorn, Linda Serra; Purnamasari, Agustina; Martinez, Franco Santiago
Titel	Stretching Every Dollar: The Impact of Personal Financial Stress on the Enrollment Behaviors of Working and Nonworking Community College Students
Quelle	In: Community College Journal of Research and Practice, 41 (2017) 9, S.551-565 (15 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1066-8926
DOI	10.1080/10668926.2016.1179602
Schlagwörter	Community Colleges; Two Year College Students; Two Year Colleges; Enrollment; Student Surveys; Comparative Analysis; Student Employment; Paying for College; Well Being; School Holding Power; Tuition; Student Financial Aid; National Surveys; Learner Engagement; Urban Schools; Financial Services; Anxiety; Academic Persistence; Stopouts; Statistical Analysis; Factor Analysis; Regression (Statistics); Education Work Relationship; Stress Variables; Texas; National Survey of Student Engagement + Suchen Sie Ihr Suchwort? Community college; Community College; Einschulung; Schülerbefragung; Studentenarbeit; Studienfinanzierung; Well-being; Wellness; Wohlbefinden; Unterweisung; Unterricht; Finanzielle Beihilfe; Studienförderung; Urban area; Urban areas; School; Schools; Stadtregion; Stadt; Schule; Angst; Ausstieg; Statistische Analyse; Faktorenanalyse; Regression; Regressionsanalyse
Abstract	Using 1,400 survey responses collected from two large urban community college systems in Texas, this study examined how students' financial habits, stress, and well-being influenced their enrollment behaviors. Working students, compared to their nonworking peers, reported significantly lower levels of overall financial well-being. After controlling for other relevant predictors of persistence, regression results showed that students with lower financial well-being and higher financial stress were more likely to doubt their ability to complete college. Results for the restricted sample of working students revealed a strong relationship between a student's financial well-being and stress. These students also reported having to reduce their semester course load and/or stopping out for a semester in order to work more hours to pay for expenses. These findings suggest that initiatives aimed at helping students improve their financial literacy and money management skills may be an effective, yet underutilized, way to improve retention rates at community colleges. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01