Students’ Satisfaction in Their Financial Support and Persistence in School

Financial satisfaction is a state in which students satisfied and contented to the financial support given by their parents. Students’ persistence is the capability of students to continue in their studies even though they know that it would be difficult. The study intends to assess the level of students’ satisfaction in financial support and their students’ persistence in studies. The study used the descriptive correlational research design. The researcher used rating scale as a medium to obtain and gathered data needed. The tool is a researcher-made tool which consists of two parts which part A that tries to determine the Students’ Satisfaction in financial support and part B which will determine the Students Persistence in Studies. The respondents of the study were chosen from Grade 11 and Grade 12 students of Jagobiao National High School with a total population of 235 students. The results of the study International Journal of Social Science Research ISSN 2327-551


Rationale
Financial satisfaction is a state in which students satisfied and contented to the financial support that their parents had given to them. Satisfaction is the quality of fulfillment or contentment of a person's need or wants obtained. Satisfaction is the happy pleased feeling because of something; the act of providing what is needed or desired. Students' persistence is the capability of students to continue in their studies even though they know that it would be difficult and long road ahead. Persistence is the quality that allows someone to continue doing or trying to do something even though it is difficult (Merriam Webster Dictionary).
In relation to this, the researcher intends to know of how student's financial support affect students' persistence and determined to go to school. Satisfaction in students' financial support may motivate students to be persistent in their studies and have a better academic performance.
Through parental provision in financial support, students can produce presentable work and often submitting their outputs ahead of time. The performance of students in school may often depend on the socioeconomic background of their parents. Parental income level helps the students to buy the materials they need and it can also help them in supporting their children in school. Students' achievement rate in Jagobiao National high school is increasing for it depends on how their parents got involve in their studies. Students may intend to be motivated in their studies if they are well supported. Satisfaction of students in parent financial support is one of the factor that students may attain higher academic achievement. Parental financial availability can be a helpful tool for their children's achievement in school.
Financial has the important role in students' persistence decision. Satisfaction is a form of someone's effort in doing what they wanted to do to achieve their happiness. Financial satisfaction is how people manage their finances to the things they desired in order to meet their financial needs (Arifin, 2018). Furthermore, financial aid availability can impact on students' persistence in studies in order to perform well academically at school (Lin, 2016).
Financial satisfaction of students impact on student's performance and their persistence in school and their studies. Students could be determined and go to school with enthusiasm and overwhelmed. Students that have a full support from their parents might bring great success on the students. The researcher intends to assess the level of students' satisfaction in financial support and the students' persistence in their studies.

Theoretical Background
The study is supported by "Student Integration Model" of Vincent Tinto in 1975. He states that Student Integration Model defines as affecting persistence decision. The model presumes that the cognitive component consisting of the students' achievement exerts a direct effect on persistence decision (Cabrera, Alberto;Cabrera, Castaneda, 1992;.
The Student Integration Model signifies that finances are important in shaping student educational goals. It also indicates that finances can impact on student persistence in their studies. The model also hypothesizes that finances can affect the student social experiences at International Journal of Social Science Research ISSN 2327-5510 2020 the institutions. According to the model, it indicates that persistence can be associated between student motivation, academic ability and social experiences. Student Integration Model is significant most especially in exploring the finances in persistence decision (Cabrera, Alberto;Cabrera, Castaneda, 1992;.
Indeed, financial has a direct significant to student's persistence. Students that have a full support from their parents have a great possibility that they will have a better academic performance in school. They will be more active in performing school activities and possibly they will be more punctual in submitting paper works, outputs and projects for they have enough financial support from their parents.

Statement of Purpose
The study intends to assess the level of satisfaction of the students in their financial support, extent of persistence of students in their studies and the correlation if any.

Review of Related Literature
Parental socioeconomic background might provide sufficient support about the needs of their children. Also, parental support can assist and encouraged their children to be involved in academic activities that can enhance more in their children's academic performance (Henrietta & Odozi, 2014). Level of parental income impacts the academic achievement of the students. Additionally, the provision of parents in moral, financial and material support can encourage the students to perform academically in school (Machebe, Ezegbe, & Onuoha, 2017). Students' who has low socioeconomic status may have lower academics than those who have higher income level (Walpole, 2003). Students' that has a low socioeconomic status may have lower academic achievement compared to the students who have a higher socioeconomic status. Parental socioeconomic status can enhance more on their children's academic achievement (Suleman, Aslam, Hussain, Shakir, & Nisa, 2012). Family support enables the child to establish a better academic status (Chohan, 2010). Students who belong to stable socioeconomic status of a family will impact on their academic performances in school (Saifi & Mehmood, 2011). The affordability of student economic background can help them in enhancing their academic performances (Okioga, 2013). Parental involvement of their children's studies whether financially or morally support can impact on the academic achievement of their children (Jeynes, 2007). The students can perform well academically especially when their parents were engaged and supported them compared to those who are not supported by their parents (Shahzad, Abdullah, Fatima, Riaz, & Mehmood, n.d).
Receiving support from parents either financially, morally or materials needed of students' absolutely enhanced the students' ability to complete on their studies (Astin, 1975). The family income was considered as a strong factor of socioeconomic status that affects the students' achievement (Akhtar, 2012). Students from high socioeconomic background can often perform well academically than those who are in a low socioeconomic status (Asiegbu & Ezeugbor, 2018). The dominant factor of financial stability is a habit of saving. Individuals will have financial satisfaction if they will know how to manage their finances (Arifin, 2018). The amount of socioeconomic status of a family may often depend on their capability to save (Zainal, Kamaruddin, & Nathan, 2019). Students' financial aid availability, academic International Journal of Social Science Research ISSN 2327-5510 2020 performance as well as parental support were included as important influences toward students' completion (Lin, 2016).
Providing sufficient support can assist the students to persist in their studies (Haynes, 2008). Establishing learning communities that can be useful in teaching and tutoring students can help them in building persistence and can contribute in achieving their desired goals (Graham, Frederick, Winston, Hunter, & Handelsman, 2016). Financial matters are the primary support that a student need in order to become persistent in their studies (Vanthournout, Coertjens, Gijbels, & Donche, 2012). Family economic background are expected to influence the students to exert more on academics which can lead them to persist (Ethington, 1990). The increase of students' persistence may depend on the level of financial status that they belong (Voorhees, 1985). Financial assistance is relevant to the students' decision either to persist or not. In other words, students' who received sufficient financial aid can more likely to persist in studies than those who received lack of aid (Terkla, 1984). Families with lower socioeconomic status may lack of financial aid availability and educational support to their children's readiness at school. Therefore, the students' academic persistence will rely if their family has better income level to support (Memon, Joubish, & Khurram, 2010). Students' achievement and academic integration could be a factor that lead to persistence (Lichtenstein, 2002). Academic and social activities are the factors that can contribute to students' persistence (Barbatis, 2010). Students' financial aid becomes increasingly important on persistence (Stewart, Lim, & Kim, 2015). Students' socioeconomic status displayed increasing association with persistence (Cabrera, Hansen, & Stampen, 1990). Indeed, income levels, financial aid packages interact as predictors on students' persistence. Thus, financial aid and the level of income play a vital role in persistence (Mendoza, Mendez, & Malcolm, 2009). Financial aid availability has a total significant effect on students' persistence. Financial aid play a role to students for it helps to facilitate the accomplishments and participation of students in activities that leads to a better academic achievement (Cabrera, Nora, & Castaneda, 1992). Students with Family of high level of income are more persevere to achieve better in school than those with low income family (Somers, 1995). Educating parents to be supportive on their child's studies can promote students persistence. Specifically, parents can enhance and encourage their children to persist and still be competent at school (Ratelle, Larose, Guay, Senecal, & Laval, 2005).

Design
The study used the descriptive correlational Research design. The study considered correlation between students' satisfaction in financial support and persistence in studies.

Environment
The study was conducted at Jagobiao National High School, Senior High School Department. Jagobiao National High School is located at North road Jagobiao, Mandaue City. The school has different facilities that enhance the abilities of the students. It has Science Laboratory, Computer Laboratory, Chorale Facility, Clinic and Library. The school offers academic International Journal of Social Science Research ISSN 2327-5510 2020 strands namely: Accountancy and Business Management (ABM), General Academic Strand (GAS), Humanities and Social Sciences (HUMSS), Science, technology, engineering and Mathematics (STEM) and Technical Vocational Livelihood (TVL).

Respondents
The respondents of the study were from Grade 11 and Grade 12 students of Jagobiao National High School. It has total population of 152 female students and 83 from male students of Jagobiao National High School. All in all, there were 235 respondents from Grade 11 and Grade 12 students.

Instruments
The study used rating scale as a medium to obtain and gathered data needed. This tool is a researcher made tool that has two parts consisting of Part A: Students' Satisfaction in Financial Support and Part B: Students Persistence in their Studies. Part A has 10 indicators in determining the students' satisfaction in regards with financial support while Part B has 10 indicators in determining the Students Persistence in their studies. The instrument has 5 sections that will be used in rating the indicators. 5 as Strongly Agree, 4 as Agree, 3 as Neutral, 2 as Disagree and 1 as Strongly Disagree.

Data Gathering Procedures
The researcher gave a letter of approval to the School Head and asked a permission to conduct the study among Senior High School students to gathered data. The respondents will be guided by the rating scale and its indicators. The data will depend on the answers of the respondents. The gathered data will be used to process the whole study.

Statistical Treatment
The researcher used the weighted mean and chi-square in treating the data. The statistical tool will used to determine if there is any correlation between satisfaction of students in their financial support and the level of students' persistence in their studies.

International Journal of Social Science Research
ISSN 2327-5510 2020, Vol. 8, No. 2 The table 1 above presents the three highest and lowest weighted mean. The first highest weighted mean is 3.81 which indicate that students are satisfied with their daily allowance. The second highest weighted mean is 3.79 which is indicator 8 that signifies that students spent their money to the things that they prioritized the most while the last highest weighted mean was 3.45 with the indicator "My parents gave me extra money for my personal needs". Parental involvement to their children can help them in buying the materials needed to their school and in order to attain better academic status (Jeynes, 2007). The three lowest weighted mean was interpreted as Neutral. The first lowest weighted mean was 3.14 with the indicator "I am able to buy personal belongings such as clothes, shoes or jeans with my extra allowance". The second lowest weighted mean was 3.18 with the indicator "I do not need to borrow money from my classmates". The last lowest weighted mean was 3.33 with the indicator "I can buy whatever I like such as school supplies in school". Parental socio economic background might provide sufficient support about the needs of their children (Henrietta & Odozi, 2014). ISSN 2327-5510 2020  3.70 Agree I tried to achieve a high score on quizzes, test and exams even I am not good to the certain subjects.

Agree
Whenever I failed a subject, I do my best to recover it on the second time.

Agree
OVERALL WEIGHTED MEAN 3.74 Agree LEGEND: 5 -Strongly Agree 4 -Agree 3 -Neutral 2 -Disagree 1 -Strongly Disagree The table 2 revealed the three highest and lowest weighted mean. The first highest weighted mean was 4.18 with the indicator "I attend classes regularly". Establishing learning communities can be useful in teaching students and can help them to persist in their studies and in achieving their desired goals (Graham, Frederick, Winston, Hunter, & Handelsman, 2016). Followed by, 4.11 with the indicator "Whenever I failed a subject, I do my best to recover it on the second time". The last highest weighted mean was 4.01 with the indicator "I do searching (Google, Dictionary) when I hardly understand the lessons". The three lowest weighted mean was interpreted as Neutral and Agree. The first one was 3.28 with the indicator "I bother to ask the teacher if I do not understand the lessons or discussions" and followed by 3.34 with the indicator "I actively participate in the discussions and answering exercises even though I got a wrong answer". Providing sufficient support can assist the students to persist and participate in their studies well academically (Haynes, 2008). The last lowest weighted mean was 3.51 with the indicator "I still persevere to do my outputs in the middle of the night just to have a presentable output". ISSN 2327-5510 2020  The P value (.000) is less than the alpha value (.05). The null hypothesis is rejected and the table 3 shows that there is a correlation between students' satisfaction in financial support and students' persistence in studies. Students' Satisfaction in financial support influence to students' persistence in studies. The family income was considered as a strong factor of socioeconomic status that affects the students' achievement (Akhtar, 2012). Level of parental income impact the academic achievement of the students. Additionally, the provision of parents in moral, financial and material support can encouraged the students to perform academically in school (Machebe, Ezegbe, & Onuoha, 2017).

Findings
From the study being conducted, the researcher found out that the students from Jagobiao National High School has a high level of satisfaction in financial support given by their parents. It was found out that students are satisfied with their daily allowance and they are able to save a lot of money from the excess of their allowance and spent it to the things that they want.
Students' level of persistence relies on the amount of financial support of parents to their children. It showed that students are actively participated in performance tasks and answering exercises even they got a wrong answer. Students persist to learned the certain subjects even they feel it difficult and able to produce a presentable outputs through the financial support by their parents as it helps them to buy the materials needed in order to achieve a better academic achievement and performance.
There is any correlation between students' satisfaction in financial support and students' persistence in studies. The study revealed that students were able to perform academically in school if the support given to them is enough to their needs. The parent's provision in dealing the needs of their children plays a vital role in their children's academic outcomes. Students' are trying to persist in their studies and able to produce an excellent works if they have enough financial support from their parents.

Conclusion
Students who have enough financial support can be a persister in school. Students who are satisfied to the support from their parents may tend to perform well academically at school. Also, they can achieve a higher academic achievement than to the students who have a lower support. Students' could also produce an excellent output in the certain subjects because a. 728 cells (100.0%) have expected count less than 5. The minimum expected count is .00. ISSN 2327-5510 2020 finances can help them buy to the things that they need such as materials, and other things to prepare in order to create a presentable work. Additionally, the researcher concluded that support of the parents could be a big help for the children to improve in their academic performance and a great opportunity for the students to exert more effort in their academics.

Recommendation
Students must be persistent in doing academic task and outputs and do all the tasks given. They must continue in their studies if they are well supported by their parents. They must not waste the time and they must always remember to be grateful enough to their parents.
Parents should continue to provide a sufficient support to their children to help them in building their children's persistence in studies. Parents must also continue to be involved in their children's studies so that they will be able to know on where to assess and how to help their children to achieve a better outcome in their academics.
Teachers must help and teach their students to perform well academically in school. They must be a guidance of the students in assessing their academics on where to develop and need to be assessed. I actively participate in the discussions and answering exercises even though I got a wrong answer.
I bother to ask the teacher if I do not understand the lessons or discussions.
I exert more effort when I do difficult assignments.
I do searching (Google, Dictionary) when I hardly understand the lessons.
I still persevere to do my outputs in the middle of the night just to have a presentable output.
I attend classes regularly.
I tried to attend the class even though I'm sick.
I do given task even though I am not really good to the certain subject.
I tried to achieve a high score on quizzes, test and exams even I am not good to the certain subjects.
Whenever I failed a subject, I do my best to recover it on the second time.

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