English I Search

Franz Eman L.
Baclayon Grade 10 – Bristlecone
An I-Search on How one’s financial background affects one’s studies
I. My Questions
My family doesn't like to spend a lot of money, and they try to save money
whenever they can. But a while ago, my dad lost his job and we had to sell some things
we liked to pay for important things like food. Because of this, my mom put me in a
public school and had to borrow money to buy my books. It was tough for me to get
good grades during this time. This made me wonder: How does one’s financial
background affect one’s studies?
Academic success can be strongly impacted by a student's socioeconomic

situation, and low-income students often face additional difficulties due to their lack of
access to resources and extracurricular opportunities. This essay will analyze how a
student's financial situation affects their academic progress and offer some viable fixes
to help low-income pupils. Considering this, I have certain queries I want this essay to
address:
1. What barriers to academic resources do low-income students encounter, and how
does this affect their academic performance?
2. What measures and tools may be taken to lessen the negative effects of affluence on
low-income students’ academic success?
II. My I-Search Process
I conducted my research using a variety of sources, including academic

publications, books, and online databases. Key phrases like "financial background,"
"academic achievement". It made it much easier for me to identify pertinent data. I
evaluated sources based on their relevance to my subject, dependability, and
freshness. I was able to locate the most trustworthy and up-to-date information on the
relationship between socioeconomic position and academic accomplishment.
it helped me better understand the challenges that academically motivated
students from a lower socioeconomic family’s experience. By carefully examining my
sources, I was able to reach conclusions supported by data and provide
recommendations for reducing the achievement gap among low-income students.
III. What I have Learned
When seeking postsecondary education, low-income students face considerable

financial challenges. Low-income students' postsecondary attainment can be raised
using need-based financial aid and college preparatory measures including Advanced
Placement (AP) classes and dual enrollment programs (Carnevale & Rose, 2004).
Financial troubles can also affect a student's ability to stay in school, especially in harsh
times. Students who experience unanticipated financial emergencies can benefit from
emergency aid programs that offer quick financial support (Downey & Thompson, 2015).
Financial education programs should be incorporated into high school and

college curricula to increase financial literacy because it is essential for economic
success (Lusardi, 2017). Financial difficulties are linked to educational fairness. There is
a need for policies that deal with the achievement gap, support good teaching, early
childhood education, and resources for learners from low-income families (OECD,
2012). Professional development programs can assist instructors in recognizing and
addressing the needs of low-income students, thus promoting teacher quality. Policies
that support financial literacy and access to need-based financial aid, as well as efforts
that address the achievement gap and provide resources for low-income students, may
be successful in addressing financial barriers and promoting student success.
Programs for tutoring and mentoring low-income students can also assist them in
adjusting to the academic requirements of college (Sirin, 2005). To help students
become more financially literate, colleges and universities could offer workshops and
programs for financial education. In order to give low-income students, the tools and
resources they need to thrive in postsecondary education, policymakers might also
increase funding for need-based financial aid and broaden college readiness efforts. We
can pinpoint solutions to assist low-income students in overcoming financial obstacles
and achieving higher economic success by looking more closely at these problems.
IV. What This Means to Me
As a student, I have seen firsthand how financial background can impact

academic success. It is disheartening to know that students from lower-income families
face so many obstacles to achieving their academic goals. Inadequate resources such
as insufficient access to books, technology, and quality education can make it difficult
for these students to keep up with their peers.
Despite challenges, hope exists, as research indicates that programs offering

academic support, mentorship, and cultural experiences can improve academic
outcomes for lower-income students. These programs also expand students' cultural
awareness and broaden their perspectives, increasing their motivation to succeed.
V. References
Deming, D. J., & Dynarski, S. (2009). Into college, out of poverty? Policies to increase
the postsecondary attainment of the poor. National Bureau of Economic Research.
Retrieved from: https://www.nber.org/papers/w15387
Retrieved on: May 14, 2023
Downey, J. P., & Thompson, K. G. et al. (2018). Exploring the influence of financial aid
on the academic success of community college students. Journal of College Student
Retention: Research, Theory & Practice, 20(4), 421-438.
Lusardi, A. and Mitchell, O. S. (2017). The economic importance of financial literacy:

Theory and evidence. Journal of Economic Literature, 55(1), 5-44.
OECD. (2012). Equity in education: Breaking down barriers to social mobility. OECD
Publishing.
Retrieved from: https://www.oecd-ilibrary.org/education/equity-in-
education_9789264073234-en
Retrieved on: May 20, 2023
Sirin, S. R. (2005). Socioeconomic status and academic achievement: A meta-analytic

review of research. Review of Educational Research, 75(3), 417-453.

English I Search

Uploaded by

Copyright:

Available Formats

English I Search

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

English I Search

Uploaded by

Copyright:

Available Formats

Franz Eman L.

Baclayon Grade 10 – Bristlecone

An I-Search on How one’s financial background affects one’s studies

Academic success can be strongly impacted by a student's socioeconomic

II. My I-Search Process

I conducted my research using a variety of sources, including academic

III. What I have Learned

When seeking postsecondary education, low-income students face considerable

Financial education programs should be incorporated into high school and

As a student, I have seen firsthand how financial background can impact

Despite challenges, hope exists, as research indicates that programs offering

Lusardi, A. and Mitchell, O. S. (2017). The economic importance of financial literacy:

Sirin, S. R. (2005). Socioeconomic status and academic achievement: A meta-analytic

You might also like