Examining the cognitive, behavioral and psychological determinants of financial well-being among public university students in Perlis

Abstract

Student financial well-being is a critical component of student development, academic persistence, and overall quality of life within the Malaysian higher education context. As the cost of living and educational expenses continue to rise, financial challenges among university students have become increasingly evident, particularly in public universities. Despite various financial aid initiatives, many students still experience difficulties in managing their finances effectively, suggesting that financial well-being is influenced by multiple interrelated factors. This study examines the relationship between financial literacy, financial behavior, and financial stress on the financial well-being of undergraduate students in Perlis, Malaysia. Employing a quantitative correlational research design, data are collected through structured questionnaires administered to public university students. The findings are expected to provide empirical evidence on how financial knowledge, responsible financial practices, and financial pressure influence students’ financial conditions, thereby offering actionable insights for universities and policymakers to enhance financial education programs and improve student financial well-being.