CHAPTER 1

Introduction

Background of the Study

Financial Inequality in Education can have a negative impact on academic

achievement and future opportunities. Students from low-income families may experience
stress and anxiety related to financial insecurity, which can effect their abilities to focus
in school and engage in extracurricular activities. Financial Inequality in Education leads
to disparities in opportunities and outcomes for students based on their financial
resources. That’s why other young people can’t go to school because of financial
problem.

The study of Kunsoo Paul Choi from the University of Arizona shows that the
earnings gap between workers with a Bachelors or more advanced degree and workers
with a high school diploma has been widening. And this widening of income inequality
is said to negatively affect higher education. As those non-educated workers become
poorer, they have difficulty sending their children to college.

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Research Problem

Education has always been the central to development and improvement of a

students life. However, most students have disadvantaged backgrounds and are faced with
enormous financial challenges that have adverse impacts on their academic performance.
This research is conducted to show the impact of financial inequality in education to
students and their academic performance.

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Research Questions

i. What is the impact of the widening income gap between the wealthy and the rest
of society on Financial Inequality in Education?

ii. How does Financial Inequality impact access to educational opportunities and
resources for students?

iii. Does Financial Inequality in Education affects the treatment of the teacher toward
it’s students?

iv. How does Financial Inequality in Education affects students learning capacity?

v. Has the lack of Financial Resources hindered poor students from continuing their
studies and pursuing their goals?

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Objectives

To identify the relationship between financial in education and student’s academic

performance.

To study the effects of financial inequality in education on students.

To identify the types of financial problem that will affect students academic performance.

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Hypothesis

H1. People will realize that some students are financially unstable and can’t afford to
continue their studies.

H2. The eyes of the people will be open to reality that many students don’t get a
chance to get the academic opportunities involving financial necessities.

H3. People will know the struggles of having limited learning resources.

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Significance of the Study

This study can help us to give importance to those students who are financially
struggling and give emphasis of how poor their academic performance are due to
financial problems. This can help to show the disparity of income among different
population segments.

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 CHAPTER 3

Methodology

Philosophical Theories & Approaches

a.) According to liberal theory, individuals should be free to pursue their own
interests and goals without interference from the state or others. In the context of
education, this means that individuals should have equal access to educational
opportunities, regardless of their financial situation. . Liberals argue that education
is a public good that should be available to all individuals, and that the state has
a responsibility to ensure that all students have access to high-quality education,
regardless of their economic background.

b.) According to Marxist theory, financial inequality in education is a symptom

of broader economic inequalities in society. Marxists believe that education is a
tool of the ruling class, used to maintain their power and privilege, and that
working-class students are disadvantaged by the education system. Marxists argue
that the only way to address financial inequality in education is to fundamentally
transform the economic system and create a more equal society.

c.) CRT argues that financial inequality in education is not just a matter of
economic disadvantage, but is also shaped by systemic racism and discrimination.
CRT scholar call for a more intersectional approach to addressing financial
inequality in education, one that takes into account the ways in which race, class,
and other forms of social identity intersect.

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Target Population

The target population for this study will be some random students of all ages and
education levels. This could include students from low-income families who may face
financial barriers to accessing educational opportunities, as well as students from higher-
income families who may have greater access to educational resources. We interviewed 6
students inside Baungon National High School and 7 students from other schools through
social media platforms.

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Data Collection

The selection will be done in three steps. First is to randomly select a students
from Baungon National High School. Second is to select random students from Social
Media platforms. And third is the distribution of questionaries personally and virtually.

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Data Analysis

In analyzing the data, all of the students that we interviewed states that higher-
income people and families frequently have more money to spend on quality education
such as private schools, tutors, and enrichment activities. On the other hand, lower-
income families does not have the same access on quality education as they don’t have
enough financial support and is not able to afford some educational resources. Most of
the students that we interviewed says that Financial Inequality in Education does really
affect the treatment of a teacher towards its student. This is a thing that is often called
“favouritism” in which they prioritize and prefer to focus on wealthy students that to
those who are not. Most of them also says that the lack of financial resources hasn’t
hindered them from continuing their studies and pursuing their goals.

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Discussion

The unequal allocation of academic resources, such as school money, skilled and
experienced instructors, materials, and technologies, to socially excluded areas is referred
to as financial inequality in education. For low-income kids, educational to move up the
social ladder. These students might find it difficult to advance in their careers or obtain
well-paying employment without access to a high-quality education, which would keep
the cycle of economic injustice going. The effectiveness of schooling can be
significantly impacted by financial disparity. When people and families are struggling
financially, it may be difficult for them to enroll in high-quality educational

Every person’s state is impacted by financial disparity in schooling, whether it be

through their occupations or their earnings. There are many Filipinos who are dealing
with these issues, and their children’s schooling is also affected. Inequality in wealth.

Low-income students might not have the same access to resources as their more
affluent counterparts, including excellent teachers, technology, textbooks, and
extracurricular activities. Because of this, their future possibilities and earning potential
may be limited and they may not be well prepared for college and job chances.

Education at all levels can be significantly impacted by financial disparity. Due to

financial limitations, students may not have access to sufficient educational resources,
which may affect their academic performance and future chances.

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Conclusion

A student’s life has always been developed and improved by their education.
However, the majority of students come from underprivileged backgrounds and struggle
financially, which has a negative effect on their academic performance. This study aims
to demonstrate how kids’ academic performance is impacted by financial disparity in
education.

Overall, financial inequality can have long-lasting effects on education and limit
opportunities for social and economic mobility. It is important to address these
inequalities through policies that increase access to quality education and reduce financial
barriers to education at all levels.

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References

Kunsoo, P. C., (2021, December 8) “Income Inequality and the Earning Gap Between
Educated and Non-educated Workers.” The University of Arizona.

Will, K., (1989, July) “Liberal Individualism and Liberal Neutrality.” The University of
Chicago Press.

Wright, E. O., & Perrone L., (1977, February) “Marxist Class Categories and Income
Inequality.” American Sociological Association.

Harris, A., & Leonardo, Z., (2018, March) “Intersectionality; Race-Gender Subordination,
and Education.” American Educational Research Association.

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