Financial Stressors Among Students in Higher Educational Institutions

Abstract

It is expected that students in higher educational institutions should experience financial wellness. Contrarily, a majority of them are facing financial distress. The study adopted a literature review method. The objective was to find out the causes of financial stress among students. The study revealed that financial stressors arise from money and finance issues, being a freshman, gender, school and peer pressure, and family background. The study recommends provision of free food accommodation and increase in subsistence. Parents should provide their children with enough finances.