Financial Anxiety among International Students in Higher Education: A Comparative Analysis between International Students in the United States of America and China
Sustainability
; 14(7):3743, 2022.
Article
in English
| ProQuest Central | ID: covidwho-1785905
ABSTRACT
Financial anxiety is one of the most stress-causing factors, destabilizing students’ academic activities and performance. This study investigated whether there was any financial anxiety in international students in higher education institutions by comparing students in the USA and mainland China. The study employed a random-effect ordered probit model that utilised a sample size of 3953 international students during the academic years 2017–2019. The findings showed a significantly low rate of financial anxiety among international students in the United States, while international students in China experienced a highly significant financial anxiety as far as academic life was concerned. Additionally, a robustness check using marginal effects in probit showed a positive life satisfaction towards financial behaviour after the study period in the USA, while a negative life satisfaction towards financial behaviour existed in mainland China. Nevertheless, the study put forward vital recommendations to help address this phenomenon and strengthen the relationship between international students and administrators of higher education institutions in both countries.
Environmental Studies; USA; China; financial anxiety; international students; probit model; Study abroad; Higher education; Foreign students; Comparative analysis; International; Stress; Hypotheses; Academic achievement; Anxiety; Education; College students; Access to education; Anxieties; Colleges & universities; Higher education institutions; Cost control; Social research; Students; COVID-19; United States--US
Full text:
Available
Collection:
Databases of international organizations
Database:
ProQuest Central
Language:
English
Journal:
Sustainability
Year:
2022
Document Type:
Article
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