FINANCIAL HELP SEEKING BEHAVIOR PADA MAHASISWA DI SURABAYA
DOI:
https://doi.org/10.22441/mix.2020.v10i1.003Keywords:
Financial help seeking behavior, financial education, financial behaviour, financial risk tolerance, financial stress, financial self-efficacyAbstract
The purpose of this study is to identify the factors that influence financial help-seeking behavior among university students in Surabaya. The study was conducted by distributing questionnaires to undergraduate and graduate students in Surabaya. Data analysis was performed with logistic regression. Help seekers tend to have less financial education, negative financial behavior, higher financial risk tolerance, higher levels of financial stress, and low financial self-efficacy. The results of this study are expected to help the concerned parties to formulate various policies that can improve one's financial welfare, in this case, university students.References
Adusei-Asante, K., & Doh, D. (2016). Students ’ attrition and retention in higher education : A conceptual discussion Students ’ attrition and retention in higher education : A conceptual discussion. STARS Conference Proceedings, (June).
Aina, C., Baici, E., Casalone, G., & Pastore, F. (2018). The Economics of University Dropouts and Delayed Graduation : A Survey.
Britt-Lutter, S., Grable, J., Cumbie, J., Cupples, S., Henegar, J., Schindler, K., & Archuleta, K. (2011). Student Financial Counseling : An Analysis of a Clinical and Non-Clinical Sample. Journal of Personal Finance, 10(2), 95–121.
Budiman, A. R., & Setyadin, B. (2015). Analisis satuan biaya pendidikan mahasiswa universitas negeri malang. Manajemen Pendidikan, 23(5), 467–478.
Cummings, B. F., & James, R. N. (2014). Factors Associated with Getting and Dropping Financial Advisors Among Older Adults : Evidence from Longitudinal Data. Journal of Financial Counseling and Planning, 25(2), 129–147.
Elmira, E., & Suryadarma, D. (2018). Financing Higher Education in Indonesia : Assessing the Feasibility of an Income-Contingent Loan System c Financing Higher Education in Indonesia : Assessing the Feasibility of an Income-Contingent.
Fan, L. (2017). The Influences Of Financial Help-Seeking And Other Information Sources On Consumer’s Financial Management Behavior. The University of Georgia.
Gutter, M. S., & Copur, Z. (2011). Financial Behaviors and Financial Well-Being of College Students : Evidence from a National Survey. Journal of Family and Economic Issues, 32(4), 699–714. https://doi.org/10.1007/s10834-011-9255-2
Hanna, S. D., Waller, W., & Finke, M. (2011). The Concept of Risk Tolerance in Personal Financial Planning. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.1923409
Hardinawati, L. U. (2015). Student Loan as a Funding Solution for College Student in Indonesia. The 8th Conference of Indonesian Students Association in Korea (CISAK). Daejeon, South Korea.
Heckman, S., Lim, H., & Montalto, C. (2014). Factors Related to Financial Stress among College Students. Journal of Financial Therapy, 5(1), 19–39.
Hubbard, K., Reohr, P., Tolcher, L., & Downs, A. (2018). Stress, Mental Health Symptoms, and Help-Seeking in College Students. Psi Chi Journal Of Psychological Research, 23(4), 293–305.
Kim, D., & Kim, S. (2018). Sustainable Education : Analyzing the Determinants of University Student Dropout by Nonlinear Panel Data Models. Sustainability, 10, 1–18. https://doi.org/10.3390/su10040954
Kuzniak, S., Rabbani, A., Heo, W., Ruiz-menjivar, J., & Grable, J. E. (2015). The Grable and Lytton risk-tolerance scale : A 15-year retrospective. Financial Services Review, 24, 177–192.
Lantara, I. W. N., & Kartini, N. K. R. (2015). Financial Literacy Among University Students : Empirical Evidence From Indonesia. Journal of Indonesian Economy and Business, 30(3), 247–256.
Lapp, W. M. (2010). Behavioral Models for Prosperity: A Statistical Assessment of Savings and Behavioral Change.
Letkiewicz, J., Robinson, C., & Domian, D. (2016). Behavioral and wealth considerations for seeking professional financial planning help. Financial Services Review, 25, 105–126.
Lim, H., Heckman, S. J., Letkiewicz, J. C., & Montalto, C. P. (2014). Financial Stress , Self-Efficacy , and Financial Help-Seeking Behavior of College Students. Journal of Financial Counseling and Planning, 25(2), 148–160.
Logli, C. (2016). Higher Education in Indonesia: Contemporary Challenges in Governance, Access, and Quality. In D. Neubauer, J. Hawkins, M. Lee, & C. Collins (Eds.), The Palgrave Handbook of Asia Pacific Higher Education (pp. 561–581). New York City: Palgrave Macmillan.
Lown, J. M. (2011). Development and Validation of a Financial Self-Efficacy Scale. Journal of Financial Counseling and Planning, 22(2), 54–63.
Lusardi, A. (2019). Financial literacy and the need for financial education : evidence and implications. Swiss Journal of Economics and Statistics, 155(1), 1–8.
Mccormick, M. H. (2009). The Effectiveness of Youth Financial Education : A Review of the Literature. Journal of Financial Counseling and Planning, 20(1), 70–83.
Meilisa, H. (2019). Dear Mahasiswa Baru , Yuk Intip Biaya Hidup Kuliah di Surabaya. Retrieved from detikNews website: https://news.detik.com/berita-jawa-timur/d-4480074/dear-mahasiswa-baru-yuk-intip-biaya-hidup-kuliah-di-surabaya
Moeliodihardjo, B. Y. (2014). HIGHER EDUCATION SECTOR IN INDONESIA. Jakarta.
Northern, J. J., Brien, W. H. O., & Goetz, P. W. (2010). The Development, Evaluation, and Validation of a Financial Stress Scale for Undergraduate Students. Journal of College Student Development, 51(1), 79–92. https://doi.org/10.1353/csd.0.0108
Ozekicioglu, S. (2017). Students ’ Economic Backgrounds in Meeting Living Costs of Higher Education : A Regression Analysis. International Journal of Economics and Financial Issues, 7(3), 161–165.
Samuel, Y. A., Ernest, K., & Gyamfi, C. (2012). Attitudes Towards Tuition Fees Payment in Tertiary Education : A Survey of Sunyani Polytechnic Marketing Students in Sunyani Ghana. International Review of Management and Marketing, 2(4), 231–240.
Scott-Clayton, J. (2012). What Explains Trends in Labor Supply Among U.S. Undergraduates? National Tax Journal, 65(1), 181–210.
Starcek, S., & Studies, B. (2013). The meaning and concept of financial education in the society of economic changes. Active Citizenship by Knowledge Management & Innovation, (June), 1443–1452. Zadar, Croatia: Management, Knowledge and Learning International Conference.
Sutanti, N. (2019). Exploring the Challenges of the Non-Directive Attitude in Person-Centred Counselling in Indonesian Culture. International Conference on Meaningful Education, 37–50. https://doi.org/10.18502/kss.v3i17.4621
World Bank. (2014). Tertiary Education in Indonesia: Directions for Policy. Jakarta.
Xiao, J. J., Tang, C., & Shim, S. (2008). Acting for Happiness : Financial Behavior and Life Satisfaction of College Students. Social Indicators Research, 92(1), 53–68. https://doi.org/10.1007/s11205-008-9288-6
Downloads
Published
How to Cite
Issue
Section
License
The copyright to this article is transferred to Universitas Mercu Buana (UMB) if and when the article is accepted for publication. The undersigned hereby transfers any and all rights in and to the paper including without limitation all copyrights to UMB. The undersigned hereby represents and warrants that the paper is original and that he/she is the author of the paper, except for material that is clearly identified as to its original source, with permission notices from the copyright owners where required. The undersigned represents that he/she has the power and authority to make and execute this assignment.
We declare that this paper has not been published in the same form elsewhere.
Furthermore, I/We hereby transfer the unlimited rights of publication of the above mentioned paper in whole to UMB. The copyright transfer covers the right to reproduce and distribute the article, including reprints, translations, photographic reproductions, microform, electronic form (offline, online) or any other reproductions of similar nature.
The corresponding author signs for and accepts responsibility for releasing this material on behalf of any and all co-authors. This agreement is to be signed by at least one of the authors who have obtained the assent of the co-author(s) where applicable. After submission of this agreement signed by the corresponding author, changes of authorship or in the order of the authors listed will not be accepted.
Retained Rights/Terms and Conditions
Although authors are permitted to re-use all or portions of the Work in other works, this does not include granting third-party requests for reprinting, republishing, or other types of re-use.











