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Impact Of Financial Literacy And Financial Capability On Students' Self-Efficacy, Darren Scott

Dissertations

Low-income, first-generation college students experience unique obstacles in their pursuits of a college degree. One of the biggest stressors that exist within this population is financial stress which has led to money being the number one reason students do not persist to graduation. Despite this being one of their biggest stressors, many higher education institutions do not put an emphasis on financial literacy initiatives that research has shown can help alleviate this type of stress. This mixed methods study explores the impact financial literacy and financial capability has on a students’ self-efficacy. This research is guided by Albert Bandura’s Self-Efficacy …