Financial Status and Academic Performance

Both freshmen and seniors worry about college costs

College costs affecting academic performance of students

College must do their part to help

Step 1:
DETERMINE YOUR CURRENT FINANCIAL SITUATION

STEP 2
DEVELOP YOUR FINANCIAL GOALS

STEP 3
IDENTIFY ALTERNATIVE COURSES OF ACTION

STEP 6
REVIEW AND REVISE YOUR PLAN

STEP 5
CREATE AND IMPLEMENT YOUR FINANCIAL ACTION PLAN

STEP 4
EVALUATE YOUR ALTERNATIVES

...in College

Develope wise budgetinghabits

Create regular savings program

...in 20's

Pay off any college loans

Increase amounts saved and invested

...in 30's

Assess progress toward long-term financial goals

Evaluate needed insurance as a result of changes in household or financial situation

Establish a plan for wide use of bangking services and credits

Continue proper spending and credits habits

1. Evaluate Housing Cost

2. Plan your Shopping

3. Buy used staff

4. Get a programmable thermostat

5. Don't used credit cards

6. Sweat the small stuff

7. Walk or Ride your bike

8 Find a side gig

9. Stay out of Restaurants

10. Plan your meals

11. Get rid of Cable TV

12. Use Coupons

1. Evaluate Housing Cost
2. Plan your Shopping
3. Buy used staff
4. Get a programmable thermostat
5. Don't used credit cards
6. Sweat the small stuff
7. Walk or Ride your bike
8 Find a side gig
9. Stay out of Restaurants
10. Plan your meals
11. Get rid of Cable TV
12. Use Coupons

Financial Status and Academic Performance: Basis for a Propose College Tuition Planning

A Research Proposal Presented to the Faculty of the University of Cebu Maritime Education and Training Center

By:
D/C Dumaran, Marquis David
D/C Zamora, Daniel Juhn
D/C Heramil, John Paul
D/C Guirit, Deve

October 2015, Cebu City
APPROVAL SHEET
This research proposal entitled, "Financial Status and Academic Performance: A Basis for College Tuition Planning", prepared and submitted by D/C Marquis G. Dumaran, D/C Deve A. Guirit, D/C John Paul A. Heramil and D/C Daniel Jun Zamora of the Maritime Transportation Department- University of Cebu Maritime Education and Training Center is hereby accepted and recommend for Oral Examination.

APPROVED BY:

Ms. Frelyn Duran, MST
Adviser

Capt. Arnel Malaga Engr. Allan R. Navarro
OIC-Maritime Superintendent General Education Coordinator

Dr. Rosielyn D.Tan
Campus Research Coordinator

ACKNOWLEDGEMENT
This research paper is made possible through the help and support from everyone including our parents, family, friends, and teacher and in essence, all sentient beings. Especially, please allow us to dedicate our acknowledgement of gratitude toward the following significant advisor and contributors:
First and foremost, we would like to thank Ms. Frelyn Duran for his most support and encouragement. She kindly read our paper and offered invaluable detailed advices on grammar, organization, and the theme of the paper.
Second, we would like to thank our Marlow Cadet Senior and fellow Stolt-Nielsen Scholars along with the Regular Class who fill in the gaps, read our proposed papers and provide valuable advices.
Finally, we sincerely thank to our parents, family, and friends, who deeply provide the advice and financial support. The product of this research paper would not be possible without all of them.
DEDICATION
We dedicate our dissertation work to our family, parents and friends. This work is has not been published without the inspiration we gain from our dearest parents who never stop supporting us until we step up in this well-known institution, UC-METC. A special feeling of gratitude to our loving parents whose words of encouragement and push for tenacity ring in our ears.
We also dedicate this dissertation to my friends and fellow cadets who have supported us throughout the process. We always appreciate all they have done, especially our Marlow Cadet Seniors and the Stolt-Nielsen Scholars and Regular Class for helping us to accomplish the task in time.
After all, this dissertation work is dedicated to all the parents and students who provide fees and payments and who solemnly chose the course and the institution on their will of choice and on behalf of their financial status.

TABLE OF CONTENTS

Page

Title Page . . . . . . . . . 0

Approval Sheet . . . . . . . .

Acknowledgements . . . . . . .

Dedication . . . . . . . . .

Abstract . . . . . . . . .
CHAPTER
THE PROBLEM AND ITS SCOPE
Introduction . . . . .
THE PROBLEM
Statement of the Problem . . . .
Statement of the Hypothesis . . .
REVIEW OF RELATED LITERATURE
Theoretical Background . . . .
Conceptual Framework . . . .
RESEARCH METHODOLOGY
Research Design . . . . .
Research Environment . . . .
Research Instrument . . . .
Research Respondents . . . .
Research Procedure . . . .
DEFINITION OF TERMS . . . .
4 PRESENTATION, ANALYSIS AND INTERPRETATION
OF DATA

5 SUMMARY, CONCLUSION, AND RECOMMENDATION

REFERENCES . . . . . .
CURRICULUM VITAE . . . .

List of Tables
Table 1- The profile of the Cadets enrolled in UC-METC
Table 2- Respondent's Questionnaire

List of Figures
Figure 1: Conceptual Framework of the Study
Figure 2: Flow of the Study

ABSTRACT
This study was designed to investigate how financial status affects academic performance of the students enrolled in University of Cebu-Maritime Education and Training Center for a basis of college tuition planning. Emphasis was put on trying to establish the relationship between profile of the respondents, parents' financial status, school background and academic performance of BSMT and BSMare students at University of Cebu-METC. The study employed the use of correlation design to establish the nature of the relationships.
The validity and reliability of research instruments was established and data was collected from 50 respondents selected from Marine Transportation Department and the Marine Engineering Department using the simple random sampling method. To analyze the data, we derived from the System's theory input-output model developed by Ludwig Von Bertalanffy was used to aim of establishing the relationship between students' admission points, parents' social economic status, former school background and academic performance of BSMT and BSMarE students of UC-MET. This formed the basis of the detailed analysis and conclusions and recommendations.

Chapter 1
The Problem and Its Scope
Introduction

The concept of academic performance has become a source of concern to researchers, especially as the academic performance of the students is declining. Academic performance is defined or regarded as participants 'examination grades at the end of a given duration (term, semester, and programme). It could also be seen as the level of performance in a particular field of study. Higher scores indicate better academic performance.
In an academic institution, these basic needs go beyond food, shelter, clothing and energy. In addition to these four, the basic needs of a student extend to the cost of transportation, health care, stationary and more recently, the information and communication technology. Many students have been finding it difficult feeding themselves because they lack enough money to do so. The school cafeterias that impact of students' financial strength on their Academic Performance are supposed to serve at subsidized rates are no more functioning. Even students who usually bring their foodstuff need money for ingredients, kerosene, etc.

One of the institutions in the country that produces entirely of well-known professionals throughout the world is the University of Cebu- Maritime Education and Training Center (METC). The Institution provide state-of-the art facilities and equipment, refreshing and relaxing learning environment and fitted with up-to-date technology with respect to the course.
Through this, student's academic performance would be the most affected because in every corner, they provide most of educational resources which could lead the performance of every students to be expected as high as possible. But, there are circumstances that a student's academic performance can be greatly affected and that is the financial status of the parents. In this institution, provided with what is the best technologies and training facilities, in exchange for this is a high tuition fees.
Tuition payments, usually known as tuition and as tuition fees, this are fees charged for instructors during higher education. Tuition payments are charged by educational institutions in some countries to assist with funding of staff and faculty, course offerings, lab equipment, computer systems, libraries, facility upkeep and to provide a comfortable student learning experience. The Commission on Higher Education (CHED) plans to keep tuition hikes to 10% every year, according to this news report. This means the figures above can only increase by at most, 10% each year.
Some think that the higher the tuition fee of a school, the higher the chances of the job they can get after they graduated. Some also were enrolled in an affordable tuition fee university because they think that the key of a higher job opportunity is hard work and sacrifices, not the big money that they pay for the tuition fee of the university they were enrolled.
There are some countries provide a free tuition pay in college but our government can't. First reason is that our government don't have enough budget to support all the college students in our country. Also the number of college students in our country is very big and it is not shocking for us that our government cannot give us free tuition fee. Because of the high demands of the teachers the budget for this (tuition free college) will go to the teachers. Some of the budget if the government were stolen by the oppositions that's why this is not happening. In other countries like Sweden, Finland, Germany and etc. their government can give a tuition fee free college because this countries focus on the future of the people living in their place because this is the key of a successful country. Corruption is the main reason why the government cannot give college students a free college. Billions of money that were stolen from us tax payers. That billions can help a lot of people especially for the education of the students.
In that case, determining the financial status who supports a student enrolled in an institution which offers a course fully quip is the most important decision to make and must be properly plan in terms of the status financially. There are some student that may fail in its academic performance just because he/she is more concentrate on how much more money to spend or how much to save depending nature of the subjects which have one have to spend for the lecture and one must spend for the laboratory. When we talk about financial status, its how much part of the financial you get from the income to spend on tuition fees depending on what kind of job and how many members on your family that still dependent in your income including oldest members of the family. The reality of this case is that the student is more focused on something what might help him to overpass this money problems like for example, applying a part time jobs in night and night shifts instead of doing homework. But on the other hand, if the family can offer enough financially there is no serious problem on that because you can avail that is necessary for the lesson purposes and it's on the student how he handle his academic performance.
Although that financial status is very important to determine first if its suits for the best course, there is still a gap between a regular government employee and non-government employee because even though both of them can support a child for his solemnly chose course, the parent who have a regular work can support easier what the child necessary needs without worry of the child but also the no-regular too. And that is where after determining the financial status of the students and how it's affect the academic performance we can base a proposal for a college tuition plan. Planning is very especial when especially if the financial support is limited. This could be a breakthrough if we can accurately plot how the financial status affect the academic performance of the student.
Through research we can make a difference and start a new beginning about properly planning what is the best for the student in terms of his financial status in life because money really matters and this could be a guide in order to save more and make things easier.

The Problem
Statement of the Problem
The study aims to identify how the financial status of parents is suitable for the course and the academic performance of the student basis for a propose College tuition planning in University of Cebu-METC.
This specifically aims to answer the following questions:
1. What is the profile of the respondents in terms of:
1.1 Age;
1.2 Occupation;
1.3 Gender; and
1.4 Educational Background?
2. What is the financial status of the respondents in terms of:
2.1 Age;
2.2 Educational Attainment;
2.3 Occupation/Kind of Work; and
2.4 Monthly Income?
3. What is the academic performance of the respondents?
4. Is there a significant relationship between the financial status and academic performance of the respondents?
5. Base on the study, a seminar or orientation about college tuition planning may be implemented.

Statement of Hypothesis
Ho: There is no significant relationship between the financial status and academic performance of the respondent.
Ha: There is a significant correlation between the financial status and academic performance of the respondent.

Chapter 2
Review of Related Literature and Studies

Introduction
This Chapter contains the theoretical review, conceptual framework and the review of related literature.
Theoretical Review
This theory is anchored based on System's Theory Input-Output Model (1956) by Ludwig Von Bertalanffy which states that finance is a broad term that describes two related activities: the study how money is managed and the actual process of acquiring needed funds. It relates the interaction of individual components of the structure to the functioning of the structure as a whole.
The theory adapted for this study was derived from the System's theory input-output model developed by Ludwig Von Bertalanffy in 1956. The theory, according to Koontz and Weihrich, (1988) postulates that an organized enterprise does not exist in a vacuum; it is dependent on its environment in which it is established. They add that the inputs from the environment are received by the organization, which then transforms them into outputs. As adapted in this study, the students (Inputs) are admitted into the university, with different admission points, from different social economic backgrounds and are from various school backgrounds, when they get into the university system, the management of the university transforms them through the process of teaching and learning and the students output is seen through their academic performance.
According to the input-output model, it is assumed that the students with high admission points, high social economic background and good school background will perform well if the university facilities are good, the lecturers and the management of the university is good which may not always be the case and this is the shortcoming of this theory. According to Oso and Onen (2005), the interrelationships among parts of a system have to be understood by all parties involved. This theory requires a shared vision so that all people in the university have an idea of what they are trying to achieve from all parties involved, a task that is not easy to achieve.

Related Literature
This section reviews the related literature on the concept of parents' financial status and its relationship to academic performance.
Financial Status and Academic Performance
The financial status or the social economic status is most commonly determine by combining parent's educational level, occupational status and the income level (Jeynes, 2002; McMillan & Western, 200). In most of the studies done on academic performance of students, it is not surprising that financial status is one of the major factor studied while predicting academic performance. It is believe that low financial status negatively affects academic achievement because lesser financial status prevents access to vital resources and creates additional stress at home (Eamon 2005; Jeynes, 2002). Graetz (1995) carried out a study on economic status in education research and policy found that social economic background remains one of the major sources of educational inequality and adds that one's educational success depends very strongly on the financial status of the parents.

Conceptual Framework
This shows the linkage between different factors and academic performance. It shows that academic performance is an independent variable is related to the dependent and controlled variables which are financial status of the student and respondents profile.

Conceptual Framework Diagram
Controlled Variable Dependent Variable Independent Variable
Financial Status of the student enrolled in UC-METCFinancial Status of the student enrolled in UC-METC
Financial Status of the student enrolled in UC-METC

Financial Status of the student enrolled in UC-METC

Respondents Profile:Age;Gender; Educational Background; andOccupationRespondents Profile:Age;Gender; Educational Background; andOccupationAcademic PerformanceAcademic Performance
Respondents Profile:
Age;
Gender;
Educational Background; and
Occupation

Respondents Profile:
Age;
Gender;
Educational Background; and
Occupation

Academic Performance

Academic Performance

Figure 1: Conceptual Framework of the Study

Chapter 3
Research Methodology
This Chapter outlines the manner in which the study was conducted. The key components are the research design, population, sample size and sampling technique, research instruments, procedure and data analysis.
Research Design
The design used for this study was descriptive-correlational. The population for the study consisted of all the enrolled students of BSMT (Bachelor of Science in Marine Transportation) and BSMarE (Bachelor of Science in Marine Engineering) department from University of Cebu-Maritime Education and Training Center (UC-METC) S.Y. 2015-2016.

Seminar and Orientation about College tuition planningSeminar and Orientation about College tuition planningData Gathering; Data Interpretation; Analysis; Conclusion and RecommendationData Gathering; Data Interpretation; Analysis; Conclusion and RecommendationFinancial Status and Academic Performance: Basis for a Propose College Tuition PlanningFinancial Status and Academic Performance: Basis for a Propose College Tuition PlanningINPUT PROCESS OUTPUT

Seminar and Orientation about College tuition planning

Seminar and Orientation about College tuition planning

Data Gathering; Data Interpretation; Analysis; Conclusion and Recommendation

Data Gathering; Data Interpretation; Analysis; Conclusion and Recommendation



Figure 2: Flow of the Study
Research Environment
The study will be conducted in the University of Cebu-Maritime Education and Training Center (UC-METC). This campus in Alumnos, Mambaling, Cebu City is one of the four campuses of the University of Cebu. While other campuses such as; UC-Banilad, UCLM, and UC-Main house varied courses, the UC-METC has only maritime courses such as Bachelor of Science in Marine Transportation (BSMT), Bachelor of Science in Marine Engineering (BSMarE), and Catering and Stewardship (CS). Living with its mission to produce world-class seafarers, the university, as one of the leading seafaring institution has been accredited internationally by DNV (Det Norske Veritas), NMD (Norwegian Maritime Directorate for Training Center).
For years, the UC-METC has been producing graduates who mostly work as seafarers on board international vessel. A number of graduates are offered scholarships from the University's agency partners and linkages. With these standards and recognition the school adheres to the significance of using English as its official language of communication and medium of instruction.

Research Respondents
The newly enrolled BSMT and BSMarE students of S.Y. 2015-2016 are taken as respondents of the study. Since they have taken and passed most of their English classes in secondary level they are expected to have acquired a good level of proficiency on the use of the English language in four modes of communication: listening, speaking, reading and writing. These respondents will finish their 3-year diploma course and an apprenticeship before they finally acquire their BS degree. The BSMT students are those who are taking Maritime Transportation. They will be responsible for the safe plotting and navigation of the vessel. The BSMarE students are those who are taking Marine Engineering. They are responsible of the vessel's engine and maintenance. Navigation and Engine works are mostly communicated in the English language. There will be 50 BSMT and 50 BSMarE students to be chosen as respondents on the basis of a simple random sampling.

Research Instruments
The study used a researcher-made questionnaire to gather needed data. Random Questions was used as it is one of the most common and appropriate sampling strategies in quantity research. All the respondents will fill the questionnaires. The researcher used the questionnaire because the selected population is literate and time for collecting data is limited. The researcher will developed closed-ended questions because they are easy to fill, save time, and keep the respondents focused on the subject. The selection of respondents was guided by the following criteria: male or female student and newly enrolled in UC-METC. The questionnaires are composed of 50 questions providing that the respondents be able to answer by putting check mark below YES box or NO box. Since the study intends to measure the respondent's academic performance, questions have been selected according to the level of the financial status of the respondents which will be tested.

Research Procedure
After an approval from the Academic Instructor to conduct the study, we asked; at random, students to fill up the questionnaire's that was made for our study. In total, 50 questionnaires were distributed. The interpretation of data was made by a licensed statistician, since the amount of data was relatively small compared to other researches the interpretation of data came with haste.

Definition of Terms
Finance. Finance is the avenue through which students' bills are paid. If their finances are not adequate, the situation may tend to affect their academic performance adversely. If, on the other hand, their financial needs are met adequately, probably their academic performance may be enhanced.
Academic Performance. Academic performance is defined or regarded as participants 'examination grades at the end of a given duration (term, semester, and programme). It could also be seen as the level of performance in a particular field of study. Higher scores indicate better academic performance
Tuition fee. The charge or fee for instruction, as at a private school or a college or university.

Research Platform

Summary of Key Points
The goal of this study was to examine the relationship between financial status and academic performance of a student. The usefulness of financial information in our study is conceptually and analytically evaluated. Both statistical methods and regression analysis techniques are used to show how the financial status can affect the academic performance of a student. Perform an active financial analysis on how we can give information and advice to the parents and students.

CONCLUSION
Poverty significantly affects the resources available to students. Due to this lack of resources, many students struggle to reach the same academic achievement levels of students not living in poverty. The factors affecting student achievement include income, source of income, and the mother's education level. Although many poor students score below average on assessment measures, instructional techniques and strategies implemented at the classroom, school, district, and government levels can help close the achievement gap by providing students with necessary assistance in order to achieve high performance in academics.

Goals and Objectives

Objective 1:
To persuade that financial status can affect the Academic Performance

3 Main Topics in Objective 1

Many students are stressed about their finances. As the cost of earning a bachelor's degree continues to rise, many students worry about how they are going to pay for their education. In fact, a 2011 report by the American College Health Association shows that finances are the second-largest stressor for students, falling just behind academics. Last year, more than one-third of students said they would describe their financial situation as "traumatic" or "very difficult" to deal with.
For this reason, the 2012 National Survey of Student Engagement (NSSE) decided to take a closer look at college students' financial situation and how it affects them.

Both Freshmen and Seniors Worry About College Costs
The NSSE survey reveals that all college students, whether they are freshmen or seniors, have the same concerns about financing their education. For example, about 59% of freshmen and 53% of seniors said they are worried about paying for college. Along the same lines, 60% of college freshmen and 62% of seniors said they are concerned about having enough money to pay for regular expenses.

Diagram 1.2

College Costs Affecting Students' Academic Performance

The stress students have over paying for college affects them in many ways, but it is particularly apparent in their academic performance. According to the survey, about one-third of both college freshmen and seniors agree that their financial concerns have interfered with their academic performance. In some situations, this was because students simply could not afford required course materials, including textbooks. About one-quarter of freshmen and one-third of seniors said they have not purchased required academic materials due to their high cost.

Diagram 1.3
However, not only do college students with financial concerns tend to avoid purchasing expensive course materials, but they also devote many hours to part- or full-time jobs. While this can help them earn some extra money, it often prevents them from putting enough time toward their school work. According to the survey, 60% of students who work more than 20 hours per week believe their job interferes with their academic performance.

Colleges Must Do Their Part to Help

Alexander C. McCormick (2012), director of the survey, told The Chronicle of Higher Education that schools should use this data to improve students' college experience. While most colleges already know their students hold part-time, on-campus jobs, they must do more to determine how many hours they spend working off campus, as well as how this is affecting their academic performance.

"You can never do enough to understand who your students are," McCormick told the Chronicle. "The really hard work is up to the colleges and universities, to figure out what the data mean and what they want to do in response."
Objective 2:
To select the best alternatives in planning and saving money

Ten years ago, it was unthinkable that education plans will be met with such hostility. When educational plans were first launched some decades back, they were a much sought-after investment instrument by the public. After all, education is one of the major financial priorities of Filipino parents and the burden of a forthcoming college education cost is no laughing matter.
The pre-need educational plan was crafted precisely to address this concern of parents. The educational plan was a commitment by pre-need companies to pay their children's tuition 16 or 17 years later in exchange for a minimum investment on the parents' part. With an offer like that, who can refuse? Filipino parents' dream of being able to send their children to the best colleges and universities was within easier reach. It became a huge success that other pre-need companies followed suit, thereby flooding the market with hundreds of thousands of education plans.
Just when the exuberance seemed never to end, pre-need companies were suddenly confronted with soaring tuition when deregulation was introduced in 1992. The return on their investment just cannot keep up with

The increase and this snowballed into the collapse of several pre-need companies in mid-2000 defaulting on their commitments to their plan holders.
Crunching down the numbers
In the minds of everyone, education costs today are outrageous to say the least. Just ask any parents with kids currently in the tertiary level and you'd get the same response—a wide-eyed, open-mouthed sigh.
Sixteen years later, the figures are not going to look any less. According to the Commission on Higher Education (CHED), the average increase for college tuition is 12.25% per annum. That means, should you wish to send your child to either the top-tiered colleges like Ateneo de Manila, De La Salle University, or the University of the Philippines (see Table 1), be ready to churn out at least half a million pesos, multiply that by four years, and that would translate to a whopping P2,000,000!
Below are the sample college tuition plan in table.

Table 1: Sample College Tuition (in Php, as of March 31, 2009)
Schools
TUITION
SY 2008-2009
IN 4 YEARS
SY 2012-2013
IN 10 YEARS
SY 2018-2019
IN 16 YEARS
SY 2024-2025

Ateneo De Manila
90,613.00
143,858.00
287,776.00
575,669.00

De La Salle University
110,447.82
175,348.70
350,738.00
701,679.00

University of the Philippines
36,000.00
57,141.00
114,332.00
228,709.00

Average
502,019.00

What are the other ways to invest?
Table: Tuition Fee Increase

With the public trust on pre-need plans dwindling, it is natural for Filipino parents to look for other alternatives. After all, the need to send one's child to college is still there, with or without the pre-need companies. Quality education is still perceived as the ticket to success by Filipinos.
Since prudent financial planning starts with a projection of the future cost of college, the problem comes in when investors put too much emphasis on the projection. Clients should be made aware that projections are just
Projections. "From point A to point B, nobody knows what will really happen and if those figures will still hold true," says Alijeffty "Jeff" Gonzales, a Registered Financial Planner (RFP) and a consultant for business development for Insular Life and Assurance Company.
While the figures are there to serve as guide, it is by no means the end. If these multi-billion companies can hire the best actuarial in the land and still fail because of conservative estimates, how much protection does the ordinary Juan who invest on his own, has?
What can the ordinary person do then? "You can either invest on your own or purchase a plan," Jeff says. While either or both of options are practical, there is one thing we should clearly remember, "Overinvest towards the goal," he recommends, "Gone are the days when you have one product to match one objective. Now you need three or four to match one particular need." In this case, it is better to have a surplus than to have a deficit.

The following are the two ways on how to invest and choosing life time plan.

Plan A: Investing on your own
Scenario
For example, if you're going to work towards having P2,000,000 after 16 years without the use of interest rates and yields, you need to save at the very least P130,000 every year to achieve the P2,000,000 mark 16 years later. Even with the use of a 4% interest rate, you need to still need to save P90,000 every year. Clearly, it is not an easy figure to save for salaried employees. Surely, there is a better way.

Explanation
Gonzales cites that the recently issued corporate bonds offer very attractive coupon rates with some reaching as high as 9% interest per annum. The only problem with the bonds he added is that they mature after five years. "There would be no matching after then." At the given rate, an initial investment of P500,000 pesos would be P1,900,000 after 16 years—maybe enough to fund the college education of your child. The challenge after the maturity is to look for an investment that offers the same yield.
Stocks are also another investment instrument one can consider but it entails greater risk. Since the start of the bull run in 2003 all the way to the 2007, stocks have been averaging a whopping 22% growth per annum. The same P500,000 invested now has grown to more than P1,600,000 in just five years! Sounds great but let's go back further and imagine if you have invested in 1997 with the same objective, the same P500,000 12 years later is just valued at P260,000. That means your investment in those 12 years didn't earn anything and has to earn more than a 100% just to recoup the losses and earn a little profit. Stocks may well be the best instrument to leverage against skyrocketing tuition hikes but wild volatility can really burn your hard-earned savings.
If you don't have the resources to invest in either of the two, mutual funds may be another option, Hector de Leon, RFP and First Vice President of First Metro and Asset Management., points out, "A strategy you can employ is to use the gains from a conservative fund and reinvest that into a more aggressive one."

ScenarioRenelyn Arellano, a law student recently got a variable life insurance policy for her one-year old daughter. "When I was offered this product by my financial adviser, I immediately liked it and it was better than the education plan that was earlier offered to me. The returns may not be guaranteed but it certainly have the potential to match the tuition increase." That is because the policy is linked to the performance of either the bond or equity market. While she is clearly aware of the risks associated, Renelyn is nonetheless willing to take the chance.ScenarioRenelyn Arellano, a law student recently got a variable life insurance policy for her one-year old daughter. "When I was offered this product by my financial adviser, I immediately liked it and it was better than the education plan that was earlier offered to me. The returns may not be guaranteed but it certainly have the potential to match the tuition increase." That is because the policy is linked to the performance of either the bond or equity market. While she is clearly aware of the risks associated, Renelyn is nonetheless willing to take the chance.Plan B: Purchasing a plan
Scenario
Renelyn Arellano, a law student recently got a variable life insurance policy for her one-year old daughter. "When I was offered this product by my financial adviser, I immediately liked it and it was better than the education plan that was earlier offered to me. The returns may not be guaranteed but it certainly have the potential to match the tuition increase." That is because the policy is linked to the performance of either the bond or equity market. While she is clearly aware of the risks associated, Renelyn is nonetheless willing to take the chance.

Scenario
Renelyn Arellano, a law student recently got a variable life insurance policy for her one-year old daughter. "When I was offered this product by my financial adviser, I immediately liked it and it was better than the education plan that was earlier offered to me. The returns may not be guaranteed but it certainly have the potential to match the tuition increase." That is because the policy is linked to the performance of either the bond or equity market. While she is clearly aware of the risks associated, Renelyn is nonetheless willing to take the chance.

Explanation
Since most Filipinos are risk averse and lack the time and expertise to invest on their own, they tend to pass the responsibility to another company by purchasing an educational plan or life insurance policy.

By leveraging on these asset classes, an annual investment of P65,000 for the next 16 years at a rate of 8% can help the funds grow to more than P2,000,000. An endowment plan is also a good alternative for those who don't want to take a risk with variable insurance. But given the benefits it guarantees, an endowment plan naturally comes at a higher premium. A 10-year endowment plan cost more than P1,700,000 but guarantees a fund of P2,100,000in total living benefits that can be use as an education fund when the child starts college six or seven years later.

Whether it is investing on your own or buying a plan, it is important to stay focused on the goal. Jeff recommends a regular rebalancing of portfolio to see whether the investments are doing well or not. That is why there is a need to come up with a basket of three or more investments so that there is a buffer or contingency in case one or two of your instruments are not performing well. Financial advisers have always harped on the benefits of a diversified portfolio. Constantly updating yourself on the current tuition can also help.

Filipino parents' are notable for sacrificing and saving just to send their children to school and often, at the expense of their own future. It is undeniably a very noble act. Partnering with stable financial institutions and objective financial advisers can make their objective clearer and more achievable. Investing their hard-earned savings using a diversified portfolio of financial instruments – mutual funds, stocks, insurance policies, and endowment plans – can help them realize the ultimate dream of every Filipino parent and save themselves the financial loss, psychological anguish, and emotional heartache suffered by educational plan holders.

Objective 3
To execute the fundamentals of budget planning

Sample Financial Budget Planning
My Life Stage for Financial Planning…My Life Stage for Financial Planning…
My Life Stage for Financial Planning…
My Life Stage for Financial Planning…

Budget Plan Checklist

CATEGORY
BUDGET AMOUNT
ACTUAL AMOUNT
DIFFERENCE
INCOME:

Wages and Bonuses

Interest Income

Investment Income

Miscellaneous Income

Income Subtotal

EXPENSES:

HOME:

Mortgage or Rent

Homeowners/Renters Insurance

Property Taxes

Home Repairs/Maintenance/HOA Dues

Home Improvements

UTILITIES:

Electricity

Water and Sewer

Natural Gas or Oil

Telephone (Land Line, Cell)

FOOD:

Groceries

Eating Out, Lunches, Snacks

FAMILY OBLIGATIONS:

Child Support/Alimony

Day Care, Babysitting

HEALTH AND MEDICAL:

Insurance (medical,dental,vision)

Out-of-Pocket Medical Expenses

Fitness (Yoga,Massage,Gym)

PHILHEALTH

TRANSPORTATION:

Car Payments

Gasoline/Oil

Auto Repairs/Maintenance/Fees

Auto Insurance

Other (tolls, bus, subway, taxi)

DEBT PAYMENTS:

Credit Cards

Student Loans

Other Loans

ENTERTAINMENT

Cable TV/Videos/Movies

Computer Expense

Hobbies

Subscriptions and Dues

Vacations

PETS:

Food

Grooming, Boarding, Vet

CLOTHING:

INVESTMENTS AND SAVINGS:

401(K)or IRA

Stocks/Bonds/Mutual Funds

College Fund

Savings

Emergency Fund

MISCELLANEOUS:

Toiletries, Household Products

Gifts/Donations

Grooming (Hair, Make-up, Other)

Miscellaneous Expense

Total Investments and Expenses

Surplus/Shortage (Spendable income minus expenses & investments)

Table 1: Budget Plan Checklis

Personal financial planning is the process of managing your money to achieve personal economic satisfaction. This planning process allows you to control your financial situation. Every person, family, or household has a unique financial position, and any financial activity therefore must also be carefully planned to meet specific needs and goals. A comprehensive financial plan can enhance the quality of your life and increase your satisfaction by reducing uncertainty about your future needs and resources. The specific advantages of personal financial planning include:
Increased effectiveness in obtaining, using, and protecting your financial resources throughout your lifetime.
Increased control of your financial affairs by avoiding excessive debt, bankruptcy, and dependence on others for economic security.
Improved personal relationships resulting from well-planned and effectively communicated financial decisions.
A sense of freedom from financial worries obtained by looking to the future, anticipating expenses, and achieving your personal economic goals.

Diagram of Financial Planning Process

While everyone makes decisions, few people consider how to make better decisions. The diagram shows, the financial planning process is a logical, six-step procedure that can be adapted to any life situation.

Diagram 1.2 Steps in Executing Financial Planning

Diagram showing the steps on how to execute the fundamentals of budget planning

STEP 1: DETERMINE YOUR CURRENT FINANCIAL SITUATION
I n this first step, you will determine your current financial situation regarding income, savings, living expenses, and debts. Preparing a list of current asset and debt balances and amounts spent for various items gives you a foundation for financial planning activities. The personal financial statements discussed in Chapter 3 will provide the information needed to match your goals with your current income and potential earning power.
STEP 2: DEVELOP YOUR FINANCIAL GOALS
Several times a year, you should analyze your financial values and goals. This activity involves identifying how you feel about money and why you feel that way. Are your feelings about money based on factual knowledge or on the influence of others? Are your financial priorities based on social pressures, household needs, or desires for luxury items? How will economic conditions affect your goals and priorities? The purpose of this analysis is to differentiate your needs from your wants. Specific financial goals are vital to financial planning. Others can suggest financial goals for you; however, you must decide which goals to pursue. Your financial goals can range from spending all of your current income to developing an extensive savings and investment program for your future financial security.
STEP 3: IDENTIFY ALTERNATIVE COURSES OF ACTION
Developing alternatives is crucial when making decisions. Although many factors will influence the available alternatives, possible courses of action usually fall into these categories:
Continue the same course of action. For example, you may determine that the amount you have saved each month is still appropriate.
Expand the current situation. You may choose to save a larger amount each month.
Change the current situation. You may decide to use a money market account instead of a regular savings account.
Take a new course of action. You may decide to use your monthly savings budget to pay off credit card debts.
STEP 4: EVALUATE YOUR ALTERNATIVES
You need to evaluate possible courses of action, taking into consideration your life situation, personal values, and current economic conditions. How will the ages of dependents affect your saving goals? How do you like to spend leisure time? How will changes in interest rates affect your financial situation?
STEP 5: CREATE AND IMPLEMENT YOUR FINANCIAL ACTION PLAN
This step of the financial planning process involves developing an action plan that identifies ways to achieve your goals. For example, you can
increase your savings by reducing you're spending or by increasing your income through extra time on the job. If you are concerned about year-end tax payments, you may increase the amount withheld from each pay check, file quarterly tax payments, and shelter current income in a tax-deferred retirement program, or buy municipal securities. As you achieve your short-term or immediate goals, the goals next in priority will come into focus. To implement your financial action plan, you may need assistance from others. For example, you may use the services of an insurance agent to purchase property insurance or the services of an investment broker to purchase stocks, bonds, or mutual funds.
STEP 6: REVIEW AND REVISE YOUR PLAN
Financial planning is a dynamic process that does not end when you take a particular action. You need to regularly assess your financial decisions. You should do a complete review of your finances at least once a year. Changing personal, social, and economic factors may require more frequent assessments. When life events affect your financial needs, this financial planning process will provide a vehicle for adapting to those changes. Regularly reviewing this decision-making process will help you make priority adjustments that will bring your financial goals and activities in line with your current life situation.

Life Situation influences financial status

Table 1.1
People in their 20s spend money differently than those in their 50s. Personal factors such as age, income, household size, and personal beliefs influence your spending and saving patterns. Your life situation or lifestyle is created by a combination of factors.
As our society changes, different types of financial needs evolve. Today people tend to get married at a later age, and more households have two incomes. Many households are headed by single parents. More than 2 million women provide care for both dependent children and parents. As the diagram show, the adult life cycle —the stages in the family and financial needs of an adult—is an important influence on your financial activities and decisions. Your life situation is also affected by marital status, household size, and employment, as well as events such as:
Graduation (at various levels of education).
Engagement and marriage.
The birth or adoption of a child.
A career change or a move to a new area.
Dependent children leaving home.
Changes in health.
Divorce.
Retirement.
The death of a spouse, family mem- ber, or other dependent
In addition to being defined by your family situation, you are defined by your values —the ideas and principles that you consider correct, desirable, and important. Values have a direct influence on such decisions as spending now versus saving for the future or continuing school versus getting a job.

Table 1.2
Budget Plan Activities with Life Situations

Financial planning in action for different life situations
Table 1.3

Objective 4:
To simplify needs and wants when it comes to finances

Ways to Save Money on a Limited Income
So let's get on with it! Here are the ways you can save money on a low income:

Diagram 1.1- Twelve Steps ways to save money

Evaluate Housing Costs

Many times it's difficult to save money because housing costs take a huge chunk of the family budget. In general, it's best to keep housing costs to 25% of your take home pay or less. I realize that in some areas of the country this might be impossible on a small income, but there are always a few very good deals available on rent. Just be diligent and keep looking.
If you own a home, you may be able to refinance your mortgage at a lower rate and free up some money that you can put into investments or savings. If you're single, you can even take in a roommate or two and charge them rent to save money on housing costs. That's money you can put straight into investments, IRA's, 401k's, or an emergency fund!

Plan Your Shopping

Never spend money on a whim or just because you "feel like it". That's where a lot of money leaks tend to happen. The best way to spend a limited income is to plan your shopping ahead of time using a written budget every single month. That way, you spend your money on paper before you spend it in real life.
When it comes time to buy what you need, you will already have a plan in place and you won't overspend because you only have so much allotted for each category. When you approach your spending in that way, you'll feel like you got a raise because it frees up money that you were wasting when you didn't have a plan.

Buy Used Stuff

Buy everything you can used. Buy used cars, used electronics, used furniture, clothing, etc. You'd be surprised at the great deals you can find on stuff that's been barely used. Sometimes you can find "open box" items that haven't been used, but can't be sold as new because the packaging has been damaged or opened. I get some killer deals on EBay on this kind of merchandise all the time. I always buy used cars, and I've even been known to shop at Goodwill and at yard sales. I've gotten $100 shirts for $4 at Goodwill and $250 shoes for $45 (worn only once!) on Ebay.
Believe it or not, my wife even picked up a beautiful set of wrought iron and glass shelves that someone had set out for the garbage collector that had absolutely nothing wrong with it. They just didn't want it anymore and were too lazy to give it away or sell it (price = FREE!). There are incredible deals out there for most anything you want or need, you just have to know where to look. Never pay full price if you don't have to!
A small income doesn't mean you can't put money in the bank. ways to save, plus awesome resources to start
Get A Programmable Thermostat

A programmable thermostat can save money on heating and cooling bills that can free up money for savings. You can buy a basic model for around $40, or get a more sophisticated thermostat that saves a lot more energy. Angie and I have two Nest programmable thermostats in our house that have cut our energy bills by about 10-15%. That means we save around $30-$45 every month on our energy bills. SWEET!
Of course, you can always change your home's temp manually too, but a programmable smart thermostat can sense when you're away from home, and does a much more efficient job of controlling usage while keeping you comfortable at the same time. The cool thing is that even though these thermostats can be a little pricey, they will more than pay for themselves over time, making them a great investment!
Don't Use Credit Cards

Credit cards keep you poor. When you use a credit card, studies have shown that you spend 12% more on average because using plastic is such a smooth and frictionless way to spend money. That doesn't include the money you also spend on interest and fees that come with using credit cards. Your best bet is to go cash only and use cash in an envelope system along with your monthly budget.
Sweat The Small Stuff

Take your lunch to work, plan to do your errands all at once to save gas instead of making multiple trips. Save your change and cash it into an investment account periodically. Heck, you can even roast your own coffee (you can also make extra money doing that, here's how). There are always ways to cut costs if you need to that will free up money that can go straight into savings.
You will be surprised how much you can save when you get creative.

Walk Or Ride Your Bike

If you can ditch the car to go to the store or to work, then do it. You will save money on gas and have the added benefit of getting more exercise. It's a win-win!
Find a Side Gig

There has never been a better time in history to find ways to make extra money. I've written a whole series of articles that can get you started, and I'll be adding more "Money Making Ideas" over time.
Stay Out of Restaurants

Of course, it's ok to eat out occasionally, but making eating out a regular habit can add up very quickly. Restaurant food costs at least 4x more than a homemade meal would cost. That multiple goes even higher at more expensive restaurants. If you want to save money and still have a nice meal with friends, host a potluck at your house and have everyone bring a dish. You'll have just as much fun for a fraction of the cost.

Plan Your Meals

You can save money using meal planning apps or even a paid service like Emeals.com. Planning your meals ahead of time allows you to better plan your grocery list, thereby spending less on food and saving much more than the service costs.

Get Rid of Cable TV

This is one of the more common suggestions you'll find, but it's also one of the most effective. Get rid of your cable bill and save money for your future instead. You can still get the free broadcast channels and enjoy plenty of good programming and all the news you need. It could also have the side benefit of freeing up some extra time to work on a side gig orincrease your skills for your present job so you can get a raise or promotion.

Use Coupons

Using coupons to buy groceries and necessities can save you a large amount of money, especially if you know where to find the best coupons. You can save even more by going to stores that double your coupons, as well as using that store's discount card along with the coupons.

Objective 5: To create college budget plan
Creating Budget Plan using Spreadsheet

Using spreadsheets to help you plan your budget can be useful because it can help with complex calculations and you can see at a glance incomings and outgoings. It also means that any changes to figures can be automatically updated in calculations by the spreadsheet so that it does all the hard work.
Using a budget in this way can be used for many different things such as preparing for Christmas.

This guide shows you how to create a budget spreadsheet in Microsoft Excel.
You'll need:
A computer with Excel installed

Follow these step-by-step instructions to create a budget spreadsheet using Excel

Step 1: Open up Excel so that you have a blank spreadsheet.

Step 2: The spreadsheet needs to have information put in it, to calculate the figures for your budget. For a simple budget, we need to put in figures for 'income' and 'expenditure' (outgoings). Excel will total up the income and expenditure for you.

Step 3: Put in the months over which you want to budget to run. Type each month in an individual cell along one row of the spreadsheet.

Step 4: Then, put in a heading for your income and then below this any sub-headings for the type of income you receive, for example salary, pension, benefits.

Step 5: Now we need to add your expenditure. In the same column that you have typed your income types, you need to add types of expenditure such as rent or mortgage payments, utility bills, shopping, leisure, TV licence, savings and so on.

Step 6: Once you have these headings in your spreadsheet, you can start to put in the calculations so that when you put in figures at a later date, Excel will calculate any totals automatically.

Step 7: Click on the cell where you want the total to be.

Step 8: Then, click Autosum in the menu ribbon.

Step 9: Click and drag on the cells that you wish to be included in this total, so that the cells are highlighted. Click Enter.

Step 10: Once you have the formula in the first cell, you can now copy that cell and paste it into all the other cells that require the same formula.

Step 11: Now you need to do a total for outgoings, repeat the steps above under your 'Expenditure' section.

Step 12: You may also want to know the difference between your income and your outgoings. To calculate this figure, click on the cell where you want this total – the surplus – to be shown. Then, click Autosum and click on the first figure you want to include in your calculation, in this case it's the income Total. Now press the minus (-) key on your keyboard. Now press the Ctrl key on the keyboard and whilst holding it down, choose the second number you wish to include. In this case, the expenditure 'Total'. Click Enter to complete the calculation.

Step 13: Again, copy this calculation along the whole row.

Step 14: Now, you need to add in figures for your specific income and expenditure, and Excel will calculate the totals. You may also wish to use formatting functions like bold or italic to make your budget spreadsheet clearer and more attractive.

- See more at: http://digitalunite.com/guides/creating-documents/microsoft-excel/what-spreadsheet/how-create-budget-spreadsheet#sthash.bg4WHGKV.dpufs

REFERENCES

Allington RL (1991). Effective literacy instruction for at-risk children. Knapp MS, Shields PM (Eds), Berkeley, CA: MrCutchan Publishing Corp. pp 9-30.

Bergeson T (2006). Race, poverty, and academic achievement. Available on www.doh.wa.gov/SBOH/ESS/documents/Race&Poverty.pdf

Brooks-Gunn J, Duncan GJ, Maritato N (1996). Poor families, poor outcomes: The well- being of children and youth. In G.J. Duncan & J. Brooks-Gunn (Eds.), Consequences of Growing Up Poor. New York: Russell Sage Foundation, pp 1-17.

Duncan GJ, Brooks-Gunn J (1996). Income effects across the life span: Integration and interpretation. In Duncan, Brooks-Gunn (Eds.), Consequences of Growing Up Poor. New York: Russell Sage Foundation, pp. 596-610.

Halpern-Felscher BL, Connell JP, Spencer MB, Aber JL, Duncan GJ, Clifford E, Crichlow WE, Usinger PA, Cole SP, Allen L, Seidman E (1997). Neighborhood and family factors predicting educational risk and attainment in African American and white children and adolescents. In Brooks-Gunn, Duncan, Aber (Eds.), Neighborhood Poverty. New York: Russell Sage Foundation, pp 146-173.

Haveman R, Wolfe B, Wilson K (1996). Childhood poverty and adolescent schooling and fertility outcomes: Reduced-form and structural estimates. New York: Russell Sage Foundation, pp 419- 460

Sandelowski M. Sample size in qualitative research. Res Nurs Health. 1995; 18(2):179- 83.

Appendix A
Letter to the Dean

University of Cebu-
Maritime Education and Training Center
Marine Transportation Department
Alumnos, Mambaling, Cebu City

October, 2015

To the Dean;

Greetings!
We are presently conducting a study entitled,
"Financial Status and Academic Performance: Basis for a Propose College Tuition Planning" as a requirement of the course English 4 (RESEARCH FOR MARITIME STUDENTS).
In this connection, we would like to request you to be one of our respondents in our study. We hope you can help us by answering the instrument sincerely and truthfully.

Thank you very much.

Very truly yours,

ZAMORA, DANIEL JUN M.
HERAMIL, JOHN PAUL A.
DUMARAN, MARQUIS DAVID G.
GUIRIT, DEVE A.

Researchers

Noted:

MS. FRELYN DURAN
Research Adviser

Appendix B
Letter to the Respondents

University of Cebu-
Maritime Education and Training Center
Marine Transportation Department
Alumnos, Mambaling, Cebu City

October, 2015

Dear Respondents:

Greetings!
We are presently conducting a study entitled
"Financial Status and Academic Performance: Basis for a Propose College Tuition Planning" as a requirement of the course English 4 (RESEARCH FOR MARITIME STUDENTS).
In this connection, we would like to request you to be one of our respondents in our study. We hope you can help us by answering the instrument sincerely and truthfully.

Thank you very much.

Very truly yours,

ZAMORA, DANIEL JUN M.
HERAMIL, JOHN PAUL A.
DUMARAN, MARQUIS DAVID G.
GUIRIT, DEVE A.

Researchers

Noted:

MS. FRELYN DURAN
Research Adviser

Letter of Informed Consent

I,_____________________________,of __________________________
(Name) (Address)
a _______________, confirm that I have read and understood the
(Course & Year)
Information and have had the opportunity to ask questions. By signing this consent I understand that my participation is voluntary and that I am free to withdraw at any time, without giving a reason and without cost. I voluntarily agree to take part in this study.
__________________________________
Respondent's signature over printed name

________________
Date
Researchers:

D/C Guirit, Deve A.
D/C Heramil, John Paul A.
D/C Zamora, Daniel Jun

Respondent: Age: Status:
Gender: Course/Yr. Level:
Legend: Put check mark ( ) inside the box of your corresponding choice
Question
YES
NO
Can your parents provide the tuition fee of the school?

Does your parent loan a money for the tuition?

Does the tuition fee affect the status of your grades?

Does the financial status is right for your course?

Are you satisfied with the course?

Does the payment for school expenses affects your performance?

Does the payment for school expenses affects your study habits?

Do your parents gives you enough allowance?

Does your allowance every week is enough?

Do you budget the money you save?

Does your parents go with you in paying the tuition fee?

Can you buy books for a specific subject?

Do you have enough money to buy for the things needed in school?

Do you know where your parents get the money for payments?

Does your parents job is enough for the expenses of the family per month?

Does you teacher allows you to have a photocopy because you don't have books?

Does the tuition fee of the school is enough for your family's income?

Did you get enough units required for your year level?

Do you think our government can provide a discounted tuition fee or a free tuition fee?

Does you instructor accept a promissory letter during an exam?

Does my books affect my studies?

Does the school facilities affects your academic performance?

Did you find a way to save money?

Do you properly pay the requirements of the school?

Is your performance good in terms of financial status?

Did your parents already plan for you going into college?

Do you personally choose your course?

Is the financial of yours suited for the course?

Do you have a bank account?

Does the income of your family can support you in college?

Did you already know every semester's fee?

Is there a possibility that you will fail in terms financial status?

Are you with your satisfied with academic performance?

Do you pay your fees with discount?

Are your payments worth it for the school's performance and facilities?

Do you spend more on school activities than on leisure activities?

Do you properly comply on the payments for the school?

Do you want a seminar for proper financial management?

Does the guidance office provides you a financial management seminar?

Did you apply for a scholarship?

Is there another source of money that supports you other that your family?

Does payments of books affects you're your academic performance?

Do have a company waiting for you after you graduate?

Do you find studying interesting even you have financial crisis?

Do you belong to Honor's Class?

Do you eat 3 meals a day?

Do the payments coincide with the right purpose?

The instructor give you a grade suited for your performance?

Are you satisfied with the style of education given by the school?

Did you expected that the school offer discount on tuition fees based on your financial status?

Appendix C

Letter to Validator

September 24, 2015

To whom it may concern;

Good Day!

The undersigned are 3rd year Marlow Navigation Cadets of University of Cebu – Maritime Education Training and Center taking the program of Bachelor of Science in Marine Transportation undertaking a research proposal entitled "Financial Status and Academic Performance: Basis for a Propose College Tuition Planning".

With your expertise, we are humble asking your permission to validate the attached researcher-made questionnaire for our study. Your kind approval to this request will ensure the success of our academic endeavour.

We are looking forward that our request would merit your positive response.

Thank you and God Bless!

Respectfully yours,
D/C Guirit, Deve A.




Noted:

Ms. Frelyn T. Duran
Adviser

Appendix D
Certificate of Validity

Septmeber 24, 2015

TO WHOM IT MAY CONCERN:

I, , certify that the questionnaire made by the researchers entitled "THE EFFECT OF USING HI – TECH CLASSROOMS IN UNIVERSITY OF CEBU-MARITIME EDUCATION AND TRAINING CENTER IN THE LEARNING OUTCOME OF THE RESPONDENTS" has been thoroughly examined and verified.

Respectfully yours,

D/C Guirit, Deve A.

Validator

Appendix E
Location Map

The study was conducted at University of Cebu Maritime Education and Training Center wherein the 30 respondents are all students in such campus. With this map, we will be able to know the location where the study was being conducted.
CURRICULUM VITAE
PERSONNAL INFORMATION

NAME: DEVE A. GUIRIT
DATE OF BIRTH: MAY 28, 1996
PLACE OF BIRTH: SIQUIJOR, SIQUIJOR
AGE : 19 YRS OLD
GENDER: MALE
ADDRESS: LILO-AN, MARIA, SIQUIJOR
STATUS: SINGLE
NATIONALITY: FILIPINO
E-MAIL: [email protected]
MOBILE PHONE: 09051407751

EDUCATIONAL ATTAINMENT

PRIMARY: LILO-AN ELEMENTARY SCHOOL
ADDRESS: LILO-AN, MARIA, SIQUIJOR

SECONDARY: CANDAPING NATIONAL HIGH SCHOOL
ADDRESS: CANDAPING B, MARIA, SIQUIJOR

TERTIARY: UNIVERSITY OF CEBU-METC
ADDRESS: ALUMNOS, MAMBALING, CEBU CITY

PERSONAL SKILLS
PAINTING, DRAWING & DESIGNING
HOBBIES AND INTEREST
WRITING AND READING

CURRICULUM VITAE

NAME: JOHN PAUL AROMA HERAMIL
DATE OF BIRTH: OCTOBER 31, 1996
PLACE OF BIRTH: DAVAO DEL NORTE
AGE: 18
GENDER: Male
ADDRESS: ALUMNOS, CEBU CITY
STATUS: SINGLE
MOBILE PHONE: 0946-564-6559


PRIMARY: PENAPLATA CENTRAL ELEMENTARY SCHOOL
ADDRESS: PENAPLATA, IGACOS, DAVAO DEL NORTE

SECONDARY: ASSUMPTION ACADEMY OF PENAPLATA, INC
ADDRESS: PENAPLATA, IGACOS, DAVAO DEL NORTE


PERSONAL SKILLS
DRAWING, POEM WRITING
SWIMMING, FISHING, INTERNET SURFING, FAMILY BONDING
CURRICULUM VITAE

NAME: MARQUIS DAVID G. DUMARAN
DATE OF BIRTH: JULY 27, 1996
PLACE OF BIRTH: CEBU CITY
AGE: 19
GENDER: MALE
ADDRESS: KINABAG –AN, CALAPE, BOHOL
STATUS: SINGLE

PRIMARY: PANGANGAN ELEMENTARY SCHOOL
ADDRESS: LOMBOY, CALAPE, BOHOL

SECONDARY: PANGANGAN NATIONAL HIGH SCHOOL
ADDRESS: LOMBOY CALAPE, BOHOL


PERSONAL SKILLS
WRITING AND COOKING
BASKETBALL, PLAYING OFFLINE GAMES, HANGING OUT WITH FRIENDS AND EATING
CURRICULUM VITAE

NAME: DANIEL JUN M. ZAMORA
DATE OF BIRTH: AUGUST 17, 1996
PLACE OF BIRTH: ARGAO, CEBU CITY
AGE: 19 YRS OLD
GENDER: MALE
ADDRESS: SUA, ARGAO, CEBU
STATUS: SINGLE

PRIMARY: TALOOT CENTRAL ELEMENTARY SCHOOL
ADDRESS: TALOOT , ARGAO, CEBU

SECONDARY: BULASA NATIONAL HIGH SCHOOL
ADDRESS: BULASA ARGAO CEBU

INTERMEDIATE: UNIVERSITY OF CEBU-METC

PERSONAL SKILLS
SINGING AND ACTING
PLAYING TEAM GAMES
Freshmen and Seniors

Both freshmen and seniors worry about college costs

College costs affecting academic performance of students

College must do their part to help

Step 1:
DETERMINE YOUR CURRENT FINANCIAL SITUATION
STEP 2
DEVELOP YOUR FINANCIAL GOALS
STEP 3
IDENTIFY ALTERNATIVE COURSES OF ACTION
STEP 6
REVIEW AND REVISE YOUR PLAN
STEP 5
CREATE AND IMPLEMENT YOUR FINANCIAL ACTION PLAN
STEP 4
EVALUATE YOUR ALTERNATIVES
...in College
Develope wise budgetinghabits
Create regular savings program
Establish a plan for wide use of bangking services and credits
...in 20's
Pay off any college loans
Increase amounts saved and invested
Continue proper spending and credits habits
...in 30's
Assess progress toward long-term financial goals
Evaluate needed insurance as a result of changes in household or financial situation

Financial Status and Academic Performance

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