Term of Award

Summer 2024

Degree Name

Doctor of Education in Educational Leadership (Ed.D.)

Document Type and Release Option

Dissertation (open access)

Copyright Statement / License for Reuse

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.

Department

College of Education

Committee Chair

Elise Cain

Committee Member 1

Steven Tolman

Committee Member 2

Antonio P. Gutierrez de Blume

Abstract

For many traditional-aged students, college can be their first major financial undertaking. Along with navigating the task of funding a college education, traditionally aged students may face additional financial challenges while entering adulthood. This financial responsibility can cause added stress for students and have a bearing on their financial wellness. This study explored the impact of financial wellness on students' abilities to succeed in college. Through the exploration of four financial wellness measures, financial self-efficacy, financial socialization, financial strain, and financial optimism, the researcher sought to first understand the relationships among the various wellness measures and then to determine what impact, if any, financial wellness has on student success as measured by student GPA. Bandura’s (1977) theory of self-efficacy guided this study. Findings from this study revealed that financial socialization, strain, and optimism all had a statistically significant relationship with financial self-efficacy. However, the aforementioned financial wellness measures did not have a significant relationship with student GPA. This study makes the case for future research to take a different approach by exploring more financial wellness measures as well as different measures of student success, in particular holistic development measures.

Research Data and Supplementary Material

No

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