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The Undergraduate Research Journal

Abstract

The aim of this research is to investigate the difference in measured happiness between students who pay the full tuition cost at the American University in Cairo (AUC) versus students who are on financial aid/scholarship in light of the devaluation of the Egyptian Pound. The literature review found that there are five key determinants for the happiness of university students: financial satisfaction, academic performance, leisure time, social support, and high levels of self-confidence and esteem. These five factors were used in the conceptual framework along with the utility theory. This study was executed through an online Google Forms survey that was sent out to AUC students on WhatsApp and Facebook groups, and by going around campus with a QR code of the survey for students to scan. The survey consisted of questions from the PERMA Survey, the Student Life Satisfaction Scale, the Student Academic Scale, and the Financial Satisfaction Scale. The Statistical Package for Social Sciences (SPSS) was used to analyze whether there is a significant relationship within the data, and to identify which category of students, those paying full tuition or those on financial aid/scholarship, are less affected by the devaluation of the Egyptian Pound. The results of the SPSS analysis exhibited no significant relationship between either category of students and level of happiness.

Document Type

Research Article

Department

Psychology Department

Institutional Review Board (IRB) Approval

Approval has been obtained for this item

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