Influence of Generational Status and Financial Stress on Academic and Career Self‐Efficacy

The importance of a college degree is underscored by higher unemployment rates of individuals who have not completed college (Bureau of Labor Statistics, 2014). Academic and career self-efficacy influence students' completion of college, and 1st-generation college students and those under financial strain may experience decreased self-efficacy (Wohlgemuth et al., 2007). Participants in this study (N = 383) were college students at a 4-year university. Results from a 2 × 3 multivariate analysis of variance and discriminant function analysis revealed significant differences in academic and career self-efficacy based on financial stress, but not generational status.