The Effects of Poor Financial Condition to Needy Students of Private and Public Colleges of Mafinga Town Council, Iringa Tanzania

Abstract

The study was conducted to find out the effects of poor financial condition to needy students of private and public colleges in Mafinga Town Council, Iringa Tanzania. The study used a cross-sectional study design based on mixed research approach. Primary data were collected using questionnaires, interviews and focus group discussions while secondary data were obtained through documentary reviews. Both purposive and random sampling techniques were used in selecting 30 respondents and 10 key informants for this study. The collected data were analysed using SPSS Version 20 to compute descriptive statistics such as percentages and frequencies while the results were presented in the form of tables and word text narration. The study found that inability to pay tuition fees, inability to meet basic needs (food, clothing, and accommodation), inability to buy books and supplies, inability to meet medical emergencies, college dropout, affect academic performance and taking much more time to stay in college and complete studies were found to be the major effects of poor financial conditions of needy students.
 The study recommended that, the government and other agencies should establish entreprenuership education to the college students particularly to the needy students so as to develop business activities while learning without affect their academic performance, offering financial literacy from which students will have the ability to read, analyzed, manage and communicate personal financial conditions that affect their well-being, giving them learning materials and special scholarship to those who are willingly to learn with monitoring them during entire period of their learning.