2020
DOI: 10.3389/fpsyg.2020.01330
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Financial Independence and Academic Achievement: Are There Key Factors of Transition to Adulthood for Young Higher Education Students in Colombia?

Abstract: Autonomy is conceptualized as the need for agency, self-actualization, and independence. Nowadays, financial independence and academic achievement for young populations may be considered as key aspects in the transition to adulthood in response to some contextual demands of different cultural environments. By means of a multi-level model, the present study aims to determine the influence and contribution of factors at individual level (e.g., sex, age, socioeconomic status, family financial support, awarded sch… Show more

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Cited by 7 publications
(6 citation statements)
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“…Consequently, the informants narrated that these improvements catalyze personal fulfillment as they exemplify self-discipline and a sense of identity. The study corresponds with the findings of Aparicio, Borjas, Ricardo, Escalante-Barrios, and Valencia, (2020) that working while studying catalyzes a progressive effect on the skills and autonomy of students. Second, the experiences highlighted the financial opportunities they enjoy while working, where they possess economic freedom and self-support as they continuously earn while attending school.…”
Section: Discussionsupporting
confidence: 88%
“…Consequently, the informants narrated that these improvements catalyze personal fulfillment as they exemplify self-discipline and a sense of identity. The study corresponds with the findings of Aparicio, Borjas, Ricardo, Escalante-Barrios, and Valencia, (2020) that working while studying catalyzes a progressive effect on the skills and autonomy of students. Second, the experiences highlighted the financial opportunities they enjoy while working, where they possess economic freedom and self-support as they continuously earn while attending school.…”
Section: Discussionsupporting
confidence: 88%
“…Based on the analysis of the financial situation of students and the motives of employment, trend for financially dependent students (those with student loans) and financially independent students (those who were self-financed). It is noteworthy that no significant differences were found between the estimates of who worked full time and part time [16].…”
Section: Analysis Of the Literaturementioning
confidence: 78%
“…Academic achievement is undoubtedly important for successful transition into adulthood and psychosocial development (Borjas et al. , 2020; Snow et al.…”
Section: Literature Review and Theoretical Frameworkmentioning
confidence: 99%
“…Academic achievement is undoubtedly important for successful transition into adulthood and psychosocial development (Borjas et al, 2020;Snow et al, 2007). It also has a strong positive correlation with various valuable outcomes, such as better employment opportunities, stable employment, occupational success, higher salary, increased social status, and health and happiness (Fuller and Schoenberger, 1991;Halpern-Manners et al, 2020;Tan, 1991).…”
Section: Teacher-perpetrated Sexual Harassment and Student Performancementioning
confidence: 99%