Analysis of Financial Conditions of Students’ Life in Slovakia: The Case of Student Loans

Abstract:

Widening access to higher education and improving the quality of higher education across Europe are perceived as central in creating knowledge-based societies and in enhancing the employability of higher education graduates. Increasing participation in higher education is also a focus of the recent modernisation agenda and the Europe 2020 strategy. The entry routes to higher education and students’ transition pathways are vital in improving access for all. The aim of this paper is to show the financial conditions of the tertiary students’ life in Slovakia. The paper contains only the partial results of our research. To analyse the financial conditions of tertiary students in Slovakia and provisioning of the student loans, we set three hypothesis. We used the One Sample t Test to verify the hypothesis H1 and H2. In a One Sample t Test, the test variable is compared against a "test value", which is a known or hypothesized value of the mean. To verify the hypothesis H3 we used ANOVA analysis of variance. Students’ families regularly cover the living expenses of tertiary students. Our analysis showed that the student loans in Slovakia are social support oriented.