PROBLEM ANALYSIS

What is The Problem / Issue ?

    One issue that contributes to financial issues among university students is a lack of knowledge among students regarding how to handle funds and put that knowledge into practice in daily life. This makes achieving the aim challenging. The students may suffer from this problem's negative effects, both physically and psychologically. Even worse, in today's world, financial issues force many students to completely discontinue their studies at a university or college. 

Why Does This Issue Contribute to The Problem ?

    Due to its ability to teach a variety of soft skills, including critical thinking and problem-solving, this issue is related to bad financial management. Without it, stress levels among students will increase, and they won't be ready for a more challenging financial scenario. This condition will ultimately cause university students to have financial difficulties. 

When The Problem Exists ?

    Although the issue has been around for a while, it only recently came to the public's notice because so many people are having trouble making ends meet because of COVID-19. This made the neighborhood aware of its presence. The notion that many students graduate with enormous debt raises concerns about the students' lack of financial knowledge. As a result, many students choose employment over further education. 

Who is Involved Directly inThe Issue ?

     The students, parents, instructors, professors, council, ministry of education, and prime minister are just a few of the many parties involved in this issue. Students should be taught how to manage their funds as seniors and experienced individuals, and financial literacy should be promoted. By using it in their daily lives, the students should also practice self-discipline. 

How The Problem Happened ?

    The students themselves are the root of the issue. As an illustration, students who prefer to live their lives unplanned, unmanaged, unaware, and without discipline are wasting their time. This causes them to live an unstable existence, which ultimately results in a financial issue that stresses them out and causes them to incur massive debt in the future.