Journal of Student Affairs in Africa | Volume 8(1) 2020, 47‑63  |  2307‑6267  |  DOI: 10.24085/jsaa.v8i1.3824   47

www.jsaa.ac.za

s

Research article

Financial Challenges and the Subjective Well‑being of 
First‑year Students at a Comprehensive South African 
University
Marinda Pretorius* & Derick Blaauw**

*      Dr Marinda Pretorius is a Senior Lecturer in the School of Economics at the University of Johannesburg, 
South Africa. Email: marindap@uj.ac.za

**    Prof. Derick Blaauw is a Professor in the School of Economic Sciences at the North‑West University, South 
Africa. Email: derick.blaauw@nwu.ac.za

Abstract
Since 1994, there has been a doubling in the enrolment of students in South Africa’s public 
universities. Students, especially first-generation students, face numerous challenges that may impact 
their subjective perceptions of their well-being. In a milieu of high levels of suicide and depression 
amongst South Africa’s student population, the understanding of the variables determining students’ 
subjective well-being (SWB) should be deepened. This article investigates the levels and changes in 
the SWB of successive groups of first-year students at a comprehensive university in South Africa 
between 2014 and 2017. It makes use of a fit-for-purpose survey instrument. The results show that 
the SWB of students is influenced positively by their living arrangements and variables that have a 
direct influence on the educational environment in which they operate, such as feeling ‘at home’ and an 
overall level of satisfaction of the students’ experience at the university. Negative variables that influence 
the SWB of students include concerns regarding finances and upcoming tests, and living on campus or 
within walking distance of campus.

Keywords 
determinants; happiness; subjective well-being; university students 

Introduction
In South Africa, 2015 may be remembered along with 1976 as a year in which students 
demonstrated their ability to alter the course of education history. The #FeesMustFall 
campaign forced government to reflect on the various challenges facing the higher 
education sector in South Africa. Decades of rapidly expanding access, along with 
decreasing government subsidies, led higher education institutions to face a number of 
challenges. Higher education institutions must attempt to meet enrolment targets, but at 
the same time ensure quality education (Simkins, 2016).

Many of the students currently enrolled at higher education institutions are first‑
generation students, whose parents and families are making significant sacrifices for them 
to be amongst the more than 1 million students in South Africa. Students who were able 

https://doi.org/10.24085/jsaa.v7i2.3824
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48   Journal of Student Affairs in Africa | Volume 8(1) 2020, 47‑63  |  2307‑6267  |  DOI: 10.24085/jsaa.v8i1.3824

to secure a spot at one of South Africa’s higher education institutions face a myriad of 
challenges that may impact their lives and subjective perceptions of their well‑being. This 
is especially true for first‑generation students. They have no prior familial experience of 
higher education and, as a result, no reservoir of knowledge upon which to draw as to 
how to adapt to their new lives (Christie, Tett, Cree, Hounsell & McCune, 2008). As a 
result, strong emotions of displacement, anxiety and guilt can all be part of the daily lives 
of first‑generation students, alongside the more accepted emotional responses of hopeful 
anticipation, pleasure and enhanced self‑esteem (Christie et al., 2008). 

Subjective well‑being (SWB) encompasses a person’s present assessment of his/
her satisfaction with life and happiness (Dave, Tripathi, Singh & Udainiya, 2011). The 
application of SWB in the field of economics has gained momentum during the last 
few decades. According to MacKerron (2012) SWB is linked to economics through 
macroeconomic issues as well as behavioural, environmental and ecological economics. The 
increasing connection with economics is indicative of a necessary move towards “more 
realism in the study of economic behaviour and provides an interface with psychological 
and sociological aspects underlying economic choices” (Blaauw & Pretorius, 2013, p. 180).

Although theory suggests that students should have higher levels of subjective 
well‑being (SWB) than, for example, the urban poor (Cox, 2012), this may not necessarily 
be the case within the context of the burden of expectations on students. The daily realities 
of being a student include struggles to afford food, accommodation, study material and 
other necessities for their optimal functioning. The issues of general student well‑being, 
and specifically mental health, have become prominent in higher education in recent years 
(Luescher, Schreiber & Moja, 2018). Data collected from more than 1 300 South African 
students in 2013 revealed that not only are rates of suicidal ideation higher amongst these 
students than the general population, but they are also higher than student populations in 
other parts of the world (Bantjes, Kagee, McGowan & Steel, 2016).

The high levels of depression and even suicide amongst South Africa’s student 
population provide prima facie evidence that our understanding of the variables determining 
students’ subjective well‑being is in urgent need of re‑evaluation and deepening. Bantjes 
et al. (2016) strongly suggested that more research is needed to investigate the psychosocial 
variables associated with these phenomena, especially within the cultural and socio‑
economic context of South Africa. This article attempts to adhere to this call by investigating 
the levels and changes in the SWB of successive groups of first‑year economics students 
at a comprehensive university1 in the heart of Gauteng between 2014 and 2017. Students 
at comprehensive universities come from diverse schooling backgrounds with unique 
characteristics and circumstances facing them (Pretorius & Blaauw, 2014).

Improving our understanding of the daily lives of students can assist universities 
in improving their proactive strategies to assist first‑year students in their transition 

1 A comprehensive university in the South Africa context can be defined as a university that offers a 
combination of theoretically‑oriented university degrees as well as vocational oriented diplomas and 
degrees (HESA, 2005).

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Marinda Pretorius & Derick Blaauw: Financial Challenges and the Subjective Well‑being of First‑year Students …   49

into university life (the first‑year seminar is a good example of one of these strategies), 
increasing the likelihood of academic success to the benefit of the student and institution 
alike. Furthermore, the study may help to identify a broad range of relevant and topical 
issues concerning students and their outlook on life in South Africa’s higher education 
sector. It is with good reason that Luescher et al. (2018) point out that student affairs in 
particular are implicated in finding solutions to the issues identified in current research.

The remainder of the article will discuss the relevant literature, choice of research 
population, research design and empirical strategy. This is followed by the results, discussion 
as well as possible policy implications and avenues for further research in this important 
field of study for South Africa’s higher education landscape.

Relevant Literature: Students and Subjective Well‑being
The study of happiness and subjective well‑being is an ever‑growing area of research 
in economics (Kahneman & Krueger, 2006; Mangeloja & Hirvonen, 2007, p. 26). The 
evolvement of studying subjective well‑being within the realm of economics can be traced 
back to the seminal work of Richard Easterlin (1974; 2001). The body of literature that has 
emerged since then is comprehensive and concludes that the notion of subjective well‑being 
is linked to a range of socioeconomic and other cultural features of countries around the 
globe (Diener, Diener & Diener, 2009).2 Economists have focused their attention in this 
field on the relationship of subjective well‑being and aspects such as earnings, economic 
growth, income inequality, inflation, institutions, human development index, consumption, 
globalisation and unemployment (Mangeloja & Hirvonen, 2007, p. 26).

The study of subjective well‑being falls within the broader strand of literature on 
psychological and social well‑being, known as the hedonic approach of studying well‑being 
(Negovan, 2010). The hedonic approach looks at well‑being in terms of happiness and of 
the experience of pleasure combined with the absence of pain (Negovan, 2010).

Within this approach, numerous prior studies have investigated the determinants of 
quality of life (QoL) or subjective well‑being amongst university and college students; 
however, this is mostly within a developed country context (Botha, Snowball, De Klerk 
& Radloff, 2013; Pretorius & Blaauw, 2014). Even in developed countries, the fulfilment 
of basic needs is the cornerstone of explaining students’ subjective well‑being (Türkdoğan 
& Duru, 2012). The key assumption here is that emotions such as happiness can only be 
experienced if human needs are sufficiently met (Türkdoğan & Duru, 2012). Interestingly, 
the needs for freedom, fun and power tend to be more important in this regard than 
the other basic needs such as the need for survival, love and belonging (Türkdoğan & 
Duru, 2012). Chow (2005) found similar results in a study amongst students in Canada. As 
expected, basic needs such as housing conditions were statistically significant in explaining 
their general quality of life. Notably, however, the impact was smaller than other variables, 
such as self‑esteem, relationship with a significant other, socioeconomic status, academic 

2 See, for example, Frey’s and Stutzer’s (2002) book titled Happiness and Economics as well as Dolan, Peasgood 
and White (2008) for an extensive and well‑documented overview of these factors and determinants.



50   Journal of Student Affairs in Africa | Volume 8(1) 2020, 47‑63  |  2307‑6267  |  DOI: 10.24085/jsaa.v8i1.3824

success and financial security (Chow, 2005; Michalos, 2008; Flynn & MacLeod,  2015). 
These findings are supplemented by further studies that show similar results, but add 
explanatory variables related to the quality of teaching and resources available to students 
(Chan, Miller & Tcha, 2005; Nielsen, Newman, Smyth, Hirst & Heilemann, 2017). 

Chan et al. (2005) studied the possible determinants of happiness amongst students 
at the University of Western Australia in 2003. Using an ordered probit model (which 
accommodates for the ordered nature of the SWB dependent variable), they found 
possible linkages between happiness and a set of variables. These include grades, friendships 
developed, school facilities, opportunities to participate in extracurricular activities, and 
lecture quality. School work, time management and relationships formed in university 
proved to be the most significant of these (Chan et al., 2005). Mangeloja and Hirvonen 
(2007) compared their results with the Chan et al. (2005) study and found similar results. 
The most significant effects on the students’ levels of satisfaction were social relationships, 
resources available to them, as well as the broader educational environment and 
extracurricular activities.

The broader education environment and its influence on the subjective well‑being of 
students do not function in a vacuum. Nielsen et al. (2017) recently studied the influence 
of instructor support, family support and psychological capital on the subjective well‑being 
of postgraduate business students in Australia. They defined the personal psychological 
capital (PsyCap) of students as their “personal psychological resources of self‑efficacy, hope, 
resilience and optimism” (Nielsen et al., 2017, p. 2099). They found positive relationships 
between instructor support and subjective well‑being, as well as between PsyCap and 
subjective well‑being (Nielsen et al., 2017). Furthermore, PsyCap mediated the association 
between instructor support and subjective well‑being. Family support, on the other hand, 
moderated this mediated relationship so that the relationship was stronger amongst students 
with lower levels of family support (Nielsen et al., 2017). 

Furthermore, the unique demands and pressure of university life are also an important 
consideration in studying students’ subjective well‑being. Eckersley (2011) states that in 
Australia, 48% of university students were psychologically distressed and many faced the 
risk of developing mental disorders. According to Eckersley (2011), national surveys of 
American college students revealed similar results. Nine in ten American college students 
reported that they often feel overwhelmed by all they had to do and felt exhausted, anxious, 
angry and depressed. 

The fear of non‑completion demands specific attention (Negovan, 2010). Challenges 
that may heighten the possibility of not completing one’s degree are, for example, 
insufficient ex-ante information about the programme and the institution. Other concerns 
are the financing of studies, accommodation and transport (Yorke & Longden, 2008). This 
finding is especially important within the context of many higher education institutions 
in South Africa, where a significant portion of the student population comprises first‑
generation students who are often far from their homes, in a new and demanding 
environment. The significance of being a newcomer to university life features in a number 
of studies internationally (Bewick, Koutsopoulou, Miles, Slaa & Barkham, 2010). 

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Marinda Pretorius & Derick Blaauw: Financial Challenges and the Subjective Well‑being of First‑year Students …   51

At a university in the United Kingdom, Bewick et al. (2010) investigated the 
psychological well‑being of students from all faculties from pre‑registration to the second 
semester of the third year of study. Results clearly showed that greater stress is experienced 
by students who start university compared to pre‑university levels (Bewick et al., 2010). 
Interestingly, the levels of stress were higher in the first semester (Bewick et al., 2010). It is 
clear that university is a time of heightened levels of stress. Understanding these issues better 
can inform universities to facilitate the support necessary throughout students’ studies to 
enable them to finish successfully. Furthermore, studies have found differences in the levels 
of happiness and optimism between male and female students (Srivastava & Agarwal, 2013; 
Dar & Wani, 2017). Dar and Wani (2017) found such a result for India. 

Within the South African context, the subjective well‑being of students is not yet 
receiving the same levels of research attention as elsewhere in the world. However, 
important work has been done in this regard. Notable is the work of Møller (1996), 
who investigated the dynamics of life satisfaction amongst students at the University of 
KwaZulu‑Natal. Botha et al. (2013) focused their attention on satisfaction with residence 
life, in particular at Rhodes University in South Africa. Botha et al. (2013) pointed towards 
the importance of student attributes, such as demographics, and other variables, such as race, 
gender, sexual orientation, age, socioeconomic status, self‑esteem, drug and alcohol use, 
learning style, and academic achievement. Variables endogenous to the institutions refer to 
issues such as living conditions, social spaces, leisure activities and the culture on campus 
(Botha et al., 2013). 

Pretorius and Blaauw (2014) conducted an exploratory study on the subjective 
well‑being of first‑year students at a comprehensive higher education institution. Apart 
from the elements highlighted by previous international and local studies, they found 
additional variables in particular that are of importance for first‑year students’ subjective 
well‑being. Positive aspects forthcoming from their results were the fact that the university 
was the institution of choice for the student; feeling ‘at home’; knowing exactly how the 
university functions; and taking part in or watching sport (Pretorius & Blaauw, 2014). 
Negative influences were identified as worries about tests, studying less than 10 hours per 
week and living on campus (Pretorius & Blaauw, 2014). 

Türkdoğan and Duru (2012, p. 2444) summarised the issue of subjective well‑being of 
students, stating that:

It can be said that the students who have the ability to make choices and to express 
themselves freely, … who feel themselves worthy and successful, who have enough safety 
and shelter conditions, and who have good relationships with special people in their lives, 
are more close to happiness than the others.

This study will use the variables identified in the international and South African literature 
as variables in econometric models to investigate the contributing factors playing a 
role in the levels of subjective well‑being of students at one of South Africa’s biggest 
universities. The choices of research population, research design and empirical strategy are 
discussed next.



52   Journal of Student Affairs in Africa | Volume 8(1) 2020, 47‑63  |  2307‑6267  |  DOI: 10.24085/jsaa.v8i1.3824

Research Methodology

Survey instrument

The research design for this study was quantitative. The study followed the example of 
the literature and utilised a survey‑based research approach to investigate the possible 
variables contributing to the subjective well‑being of first‑year economics students within 
the context of related pressures on students in South Africa. To this end, a fit‑for‑purpose 
survey instrument was developed. The survey instrument evolved from the pioneering work 
of   Van Zyl (2010). The survey was tested by conducting a trial run on a group of students 
and the survey was subsequently adjusted in multiple iterations. Potentially ambiguous 
questions and other problems in the survey instrument were identified and addressed.

After the development phase of the survey, the necessary ethical clearance was obtained 
from the relevant faculty’s ethics committee. All associated ethical concerns were addressed, 
such as the need for anonymity and being voluntarily involved in the research project. A 
trained senior tutor was used to collect the data during tutorial sessions of the target group 
of students. The students have compulsory economics tutorial sessions every week. Before 
each session, the tutor explained the objectives of the study. The willingness of students to 
participate in the study was also confirmed before the survey was conducted.

The survey was completed every year from 2014 to 2016 by first‑year economics 
students. The data for 2014 were collected in August 2014, whereas the data for 2015 
and 2016 were collected in February 2015 and 2016, respectively. The data were captured 
and cleaned in the month after collection, in each of the respective years to provide an 
adequate dataset. The sample sizes for each year were 529 (24% of the research population), 
641 (29%) and 647 (29.4%) students who completed the survey. This gave a total pooled 
sample of 1 817 students (27.5 % of the research population) over the three years. The 
following sections provide the details of the data and variables as well as the econometric 
framework of the empirical analysis.

Data and variables

The dependent variable in the study is labelled as ‘Happiness’. The variable is a Likert scale 
measure of the self‑reported subjective well‑being (SWB) of individuals. The variable is 
based on question M5 of the first wave of the National Income Dynamics Study (NIDS), 
which reflects the subjective well‑being of individuals: ‘Using a scale of  1 to  10 where 
1 means “Very dissatisfied” and 10 means “Very satisfied”, how do you feel about your life 
as a whole right now?’ (NIDS, 2008:26). Figure 1 reveals the percentage of responses to 
the subjective well‑being question per scale. Out of the 1 817 responses in total over the 
three years, 18% of the students indicated that they were ‘very satisfied’ with their lives as a 
whole when the survey was conducted. Only 2% specified that they were ‘very dissatisfied’ 
with their lives when the survey was conducted. The majority of the student responses in 
the sample are clustered around the upper bounds of the research question, indicating the 
relative happiness of students at the institution.

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Marinda Pretorius & Derick Blaauw: Financial Challenges and the Subjective Well‑being of First‑year Students …   53

Figure 1:  Summary of happiness amongst first‑year economics students  
at a comprehensive institution, 2014‑2016 (Source: Survey data)

Table 1 displays the basic demographic statistics of the students who participated in the 
survey over the respective sample years and in total. The ages of the respondents ranged 
from  17 to  35 years (with an average of 19  years), and there were slightly more female 
than male respondents. Furthermore, the majority of the respondents were South African‑
language and English‑speaking. The respondents were mainly South African born: 100% 
of respondents were from SA in 2014, 96.3% in 2015 and 94.9% in 2016. The respondents 
in 2015 and 2016, who were not born in South Africa, were mostly from neighbouring 
countries. It can also be seen that, of the South African born respondents, most were born 
in Gauteng.

Table 1: Respondent demographic statistics

2014 2015 2016 Total

Females (%) 320 (60.5%) 350 (54.6%) 353 (54.6%) 1023 (56.3%)

Males (%) 209 (39.5%) 291 (45.4%) 294 (45.4%) 794 (43.7%)

Total 529 (100%) 641 (100%) 647 (100%) 1817 (100%)

African (%) 412 (77.9%) 506 (78.9%) 533 (82.4%) 1451 (79.9%)

Coloured (%) 24 (4.5%) 29 (4.5%) 28 (4.3%) 81 (4.5%)

Indian/Asian (%) 35 (6.6%) 49 (7.6%) 38 (5.9%) 122 (6.7%)

White (%) 53 (10.0%) 52 (8.1%) 45 (7.0%) 150 (8.3%)

Other (%) 5 (1.0%) 5 (0.8%) 3 (0.5%) 13 (0.7%)

Total 529 (100%) 641 (100%) 647 (100%) 1817 (100%)

English 206 (38.9%) 243 (37.9%) 220 (34.0%) 669 (36.8%)

Sesotho 36 (6.8%) 36 (5.6%) 39 (6.0%) 111 (6.1%)



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2014 2015 2016 Total

Sepedi 48 (9.1%) 45 (7.0%) 67 (10.4%) 160 (8.8%)

IsiZulu 99 (18.7%) 110 (17.2%) 135 (20.9%) 344 (18.9%)

IsiNdebele 9 (1.7%) 2 (0.3%) 6 (0.9%) 17 (0.9%)

Xitsonga 26 (4.9%) 25 (3.9%) 30 (4.6%) 81 (4.5%)

Afrikaans 21 (4.0%) 23 (3.6%) 8 (1.2%) 52 (2.9%)

Setswana 35 (6.6%) 70 (10.9%) 53 (8.2%) 158 (8.7%)

IsiXhosa 22 (4.2%) 29 (4.5%) 37 (5.7%) 88 (4.8%)

Tshivenda 15 (2.8%) 29 (4.5%) 17 (2.6%) 61 (3.4%)

SiSwati 11 (2.1%) 22 (3.4%) 20 (3.1%) 53 (2.9%)

Shona 0 (0.0%) 4 (0.6%) 9 (1.4%) 13 (0.7%)

Other 1 (0.2%) 3 (0.5%) 6 (0.9%) 10 (0.6%)

Total 529 (100%) 641 (100%) 647 (100%) 1817 (100%)

Gauteng 294 (55.6%) 343 (55.6%) 361 (59.5%) 998 (56.9%)

Mpumalanga 51 (9.6%) 51 (8.3%) 52 (8.6%) 154 (8.8%)

KZN 54 (10.2%) 64 (10.4%) 67 (11.0%) 185 (10.6%)

EC 19 (3.6%) 18 (2.9%) 23 (3.8%) 60 (3.4%)

Limpopo 75 (14.2%) 83 (13.5%) 69 (11.4%) 227 (12.9%)

NW 23 (4.3%) 34 (5.5%) 20 (3.3%) 77 (4.4%)

Free State 11 (2.1%) 14 (2.3%) 6 (1.0%) 31 (1.8%)

NC 1 (0.2%) 4 (0.6%) 3 (0.5%) 8 (0.5%)

WC 1 (0.2%) 6 (1.0%) 6 (1.0%) 13 (0.7%)

Total 529 (100%) 617 (100%) 607 (100%) 1753 (100%)

Source: Survey data

The survey instrument included various questions in order to identify possible variables 
that affect student happiness. The questions in the survey included demographic details, 
variables that normally are of concern for students, social and academic interaction variables, 
travel and living arrangements and university‑related variables. Table 2 encapsulates the 
explanatory variables considered for the empirical analysis.

Table 2: Explanatory variables considered in the models

Variable Description

Demographic variables

Age The age of students during the time of the survey.  The 
mathematical squared value (Agesq) was also included in the 
empirical models as suggested in the SWB literature.

Gender Male or female

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Variable Description

Language Predominant language of student – English, Sesotho, Sepedi, 
IsiZulu, IsiNdebele, Xitsonga, Afrikaans, Setswana, IsiXhosa, 
Tshivenda, SiSwati, Shona and other

Race African, coloured, white, Indian/Asian and other

Province The majority of the respondents were from South Africa. 
Categories for each of the nine provinces were included 
– Gauteng, Mpumalanga, KwaZulu‑Natal, Eastern Cape, 
Limpopo, North West, Free State, Northern Cape and 
Western Cape.

Concerns

Finances Worries about the financing of studies.

Food problems Problems affording or attaining food.

Test worries Worries about upcoming tests.

Transport Problems with transport to and from university.

Interaction: Social or academic

Contact Personal contact was made with a lecturer and/or tutor 
during the academic year.

Culture Participation in or attendance of cultural activities at the 
university.

Sport Participation in or attendance of sport activities at the 
university.

Friends Students who have made friends at the university.

First‑year seminar Attendance of the First‑year seminar (FYS) in January before 
the commencement of lectures.3.

Missed The number of tutorials and lectures that were missed 
during a normal week.

Travel and living arrangements

Distance campus Distance of residence from campus – on campus or within 
walking distance, 30 minutes or less from campus or more 
than 30 minutes from campus.

Happy live Happiness in terms of current residence.

Live Place of residence – on campus, home, commune, family or 
other.

Transport used Type of transport mostly used to get to campus – taxi, 
private car, walking or other.

3 During these sessions there are opportunities to meet your fellow students through a team‑building 
activity and people get the opportunity to listen to various role players at the University in terms of its 
everyday activities and functions.



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Variable Description

Other university related variables

Choice Whether the university was the institution of choice or not.

Expect Students understand what is expected of them from lecturers.

Study hours Hours spent studying outside of class time, per week – less 
than 10, 10 to 15, 16 to 25, 26 to 35 and more than 35 hours.

Home Feeling ‘at home’ at the university.

University function Understand how the university functions.

Satisfaction Overall level of satisfaction of the students’ experience at the 
university – satisfied, neutral and dissatisfied.

Source: Survey instrument

The econometric models that were used in the study will be discussed next.

Econometric framework

In empirical studies that estimate subjective well‑being, normally two types of models 
are used: ordinary least squares (OLS) regressions and ordered response models. Ordered 
response models take the qualitative and ordinal nature of the dependent variable into 
account. This study followed the practice of estimating both the OLS and the ordered 
response models. The coefficients of the OLS model are mostly used for interpretation.

According to Long and Freese (2006), the ordered probit model is specified as follows:

 уі
+  =  βХі + εі   (1)

where уі
+  is an unobservable latent variable that represents the happiness of student  і  

ordered from 1 to 10, and Хі represents a vector of context‑specific and basic explanatory 
variables. Furthermore, β represents a vector of coefficients for each variable in the vector 
Хі and εі represents a random and normally distributed error term. The categories of 
the observed variable уі

+ are mapped from the probability outputs corresponding to the 
following cut points (Long & Freese, 2006):

1 if уі
+ < τ₁      @ 2 if τ₁ ≤ уі

+ < τ₂ @ 3 if τ₂ ≤ уі
+ < τ₃ @ 4 if τ₃ ≤ уі

+ < τ₄ @ 5 if τ₄ ≤ уі
+ < τ₅  

@ 6 if τ₅ ≤ уі
+ < τ₆ @ 7 if τ₆ ≤ уі

+ < τ₇ @ 8 if τ₇ ≤ уі
+ < τ₈ @ 9 if τ₈ ≤ уі

+ < τ₉ @ 10 if yi  (2)

Initially, all explanatory variables were included in the pooled OLS model and the pooled 
ordered probit model. Thereafter, the individual annual models were considered and 
compared for the ordered probit models only.  The results of the final regression models are 
discussed in the next section.

Results and Discussion
All variables were considered in the initial OLS and ordered probit model for the pooled 
data. Thereafter, the insignificant variables were omitted. The results are represented in 
Table 3. The same variables identified in the pooled models were tested for significance 
for the annual individual ordered probit models and the results are presented in Table 4. 

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The  results will be discussed according to the general themes of variables identified in 
the data and variables section, i.e. demographic variables, concerns, interaction (social or 
academic), travel and living arrangements and other university related variables.

Table 3: Final pooled model results

OLS Ordered Probit

Coef Prob Coef Prob

C 1.3332 0.5923

Age 0.4061 0.0721 * 0.2597 0.0705 *

Agesq ‑0.0094 0.0653 * ‑0.0059 0.0672 *

Finances ‑0.1801 0.0559 * ‑0.0955 0.1040

Test worries ‑0.6446 0.0000 *** ‑0.4300 0.0000 ***

Friends 0.2633 0.0929 * 0.1497 0.1249

First‑year seminar 0.1770 0.0852 * 0.1178 0.0659 *

Distance campus ‑0.2835 0.0051 ** ‑0.1777 0.0048 ***

Happy live 0.4571 0.0000 *** 0.2661 0.0000 ***

Live commune 0.3520 0.0016 *** 0.2281 0.0010 ***

Expect 0.3794 0.0182 ** 0.2080 0.0376 **

Home 0.4071 0.0003 *** 0.2482 0.0004 ***

Study 25 to 35 p/w 0.4302 0.0046 *** 0.2651 0.0051 ***

Satisfied with university 0.9213 0.0000 *** 0.5830 0.0000 ***

Dissatisfied with university ‑1.7030 0.0000 *** ‑0.9073 0.0000 ***

R‑squared 0.2523

Adjusted R‑squared 0.2441

Pseudo R‑squared 0.0685

Sample size 1817 1817

*, **, *** 10%, 5%, 1% level of significance, respectively
Source: Survey Instrument

Table 4: Annual ordered probit models results

2014 2015 2016

Coef Prob Coef Prob Coef Prob

Age 0.9612 0.2482 0.4052 0.0326 ** 0.1103 0.6411

Agesq ‑0.0227 0.2745 ‑0.0089 0.0344 ** ‑0.0029 0.6014

Finances # ‑0.1606 0.0581 * ‑0.0536 0.5177

Test worries ‑0.2960 0.0020 *** ‑0.3263 0.0007 *** ‑0.5248 0.0000 ***

Friends 0.2191 0.2058 0.1326 0.3726 0.1507 0.2530

First‑year seminar 0.1028 0.3317 0.1324 0.1399 0.1084 0.2397



58   Journal of Student Affairs in Africa | Volume 8(1) 2020, 47‑63  |  2307‑6267  |  DOI: 10.24085/jsaa.v8i1.3824

2014 2015 2016

Coef Prob Coef Prob Coef Prob

Distance campus ‑0.0076 0.9418 ‑0.2880 0.0029 *** ‑0.0926 0.2770

Happy live 0.4380 0.0000 *** 0.1911 0.0414 ** 0.3196 0.0005 ***

Live commune 0.0198 0.8626 0.2800 0.0069 *** 0.2087 0.0323 **

Expect ‑0.0675 0.6818 0.2601 0.0712 * 0.1857 0.1875

Home 0.3166 0.0050 ** 0.2852 0.0044 *** 0.2166 0.0285 **

Study 25 to 35 
p/w ‑0.0051 0.9688 0.2905 0.0356 *** 0.2804 0.0338 **

Satisfied with 
university 0.4570 0.0000 *** 0.6339 0.0000 *** 0.5686 0.0000 ***

Dissatisfied with 
university ‑0.5738 0.0156 ** ‑0.6680 0.0106 ** ‑0.9358 0.0000 ***

Pseudo R‑squared 0.0517 0.0659 0.0737

Sample size 529 641 647

*, **, *** 10%, 5%, 1% level of significance, respectively.  
# The finances variable was not included in the 2014 survey.

Source: Survey Instrument

Demographic Variables
The only demographic variables that were significant in the pooled OLS and ordered 
probit models were age and age squared of the respondents. It is customary to include the 
age variable as well as the mathematical squared value of age as two separate variables in 
econometric models to accommodate for the potential non‑linearity in the relationship 
with the dependant variable (therefore a quadratic relationship). If the age variable has 
a positive relationship with the dependent variable and the squared variable a negative 
relationship, it means that, as people get older, the effect of age is lessened on the dependent 
variable. However, if both the age and the age squared variables have a positive effect on 
the dependent variable, the effect is stronger on the dependent variable as people get older. 
In  the individual annual models, age and age squared were only significant in 2015.  The 
age and age squared variables respectively show a positive and negative relationship with 
happiness. The quadratic relationship therefore indicates that, as students get older, the effect 
of age on happiness is reduced. Considering that the sample is for a large part a homogenous 
group, it is not surprising that there are no other significant demographic variables.

Concerns
Finances and test worries are the two concerns variables that were significant in the pooled 
OLS model. The finance variable represents worries that students experience in terms 
of the financing of their studies. Test worries reflect students’ fears about upcoming tests. 
Test  worries are very significant in the pooled ordered probit model, but the finances 

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Marinda Pretorius & Derick Blaauw: Financial Challenges and the Subjective Well‑being of First‑year Students …   59

variable is only significant at the 11% level of significance. It is noteworthy that the finances 
variable is only significant in the annual ordered probit model for 2015 (the finances 
variable was unfortunately not included in the 2014 survey), but it was no longer significant 
in the 2016 ordered probit model. 

The significance of the finances variable in 2015 could be a reflection of the start 
of the #FeesMustFall campaign. Although the #FeesMustFall protests only occurred in 
the middle of October of 2015, it appears that the worries regarding the increase of fees 
were already playing a role at the start of the year when the surveys were conducted. 
Furthermore, the non‑significance in 2016 could be ascribed to the announcement of 
no tuition‑fee increases for 2016 by the South African government. Worries regarding 
upcoming tests are a significant factor influencing the happiness of students negatively, as it 
is highly significant throughout all the individual sample years, respectively. 

Interaction: social or academic

In the pooled OLS model, one social interaction variable, friends, is significant with the 
expected sign. This variable indicates whether a particular student has already made friends 
at university. When the pooled ordered probit model was estimated, the significance of 
friends changed to significant only at a 13% level of significance. Friends turned out to be 
insignificant in the annual ordered probit models. Other studies (for example, Mangeloja 
& Hirvonen, 2007, and Chan et al., 2005) emphasised that social relationships were an 
imperative determinant of happiness and therefore the insignificance of the friends variable 
from the annual ordered probit models is surprising. It seems that making friends does not 
have a direct influence on the SWB of students at this institution. This is an important 
avenue for further research.

Furthermore, one academic interaction variable, first‑year seminar (FYS), is significant 
with the expected sign in the pooled OLS as well as the ordered probit model. FYS was 
not significant in the annual ordered probit models.  The FYS variable is indicative of the 
annual orientation session that takes place at the beginning of the academic year. This 
gathering serves as an information session to students in terms of the everyday activities 
and functions of the university.  There is also an opportunity for students who are enrolled 
for the same programmes to meet each other and take part in team‑building activities.  The 
insignificance of this variable in the annual ordered probit models shows that this 
engagement does not have a direct effect on the SWB of students. 

Travel and living arrangements

In terms of variables that are categorised under travel and living arrangements, there are 
three variables that were significant in the pooled OLS and ordered probit models. The 
first is the distance campus variable, which indicates how far students live from the campus. 
On campus and within walking distance were collapsed into one category and it shows a 
negative relationship with happiness; therefore, students’ happiness is decreased when they 
live on campus or close to campus. This finding could allude to the questionable quality 



60   Journal of Student Affairs in Africa | Volume 8(1) 2020, 47‑63  |  2307‑6267  |  DOI: 10.24085/jsaa.v8i1.3824

of student accommodation in and around campuses (as reported in the Soudien report 
in  2008). The within walking distance variable and its significant negative relationship 
with happiness reflect the issues of overcrowding and increased crime levels experienced 
on and around the campus. Incidents of crime and overcrowded student accommodation 
were often reported in the local media, government departments and academic literature 
for the last decade. See, for example, DHET (2011), Mbara and Celliers (2013) and De 
Villiers (2018). These results accentuate the need for university management to put further 
emphasis on issues of student safety. 

The other two travel and living arrangement variables that were significant in both 
the pooled OLS and the ordered probit model were happy life and live commune. The 
happy live variable indicates the happiness of students in terms of their current residence. 
This variable was also significant in all three years of the annual models. The live commune 
variable represents students who live in communes, and this variable was only significant in 
2015 and 2016.  These two variables emphasise the importance of living arrangements in 
the happiness of students. 

Other university‑related variables

The last category of variables, which are all university‑related, has the most significant 
variables. Expect, home, study 25 to 35 p/w, satisfied with university and unsatisfied with 
university were all significant in the pooled OLS and ordered probit models. The expect 
variable refers to the situation where students completely understand what is expected 
of them from their lecturers. This variable was only significant in the 2016 annual model. 
Home, satisfied with university, and unsatisfied with university were all significant in 
each one of the annual models. The home variable refers to students feeling “at home” 
at the university. The two satisfaction variables denote the overall level of satisfaction of 
the students’ experience at the university. Lastly, the study 25 to 35 p/w variable was not 
significant in 2015, but it was significant in 2016 and 2017. This variable specifically refers 
to the hours spent studying outside of class time, per week. The study by Mangeloja and 
Hirvonen (2007) revealed that one of the most important impacts on students’ happiness is 
the educational environment. The adjustment process to the new environment at university 
will be much easier on students if they feel at home at the university and know what is 
expected of them. These results raise important considerations for university management 
and even academic units and faculties. 

Conclusions, Policy Considerations and Areas for Further Research
One of the main challenges that is facing the higher education sector in South Africa 
is reflected in the results of this study: finances. Issues of finances for university students 
constituted a significant negative contributor to the SWB of students in 2015 – as was 
evident in the #FeesMustFall campaign, which was directly linked to this ongoing problem.

The SWB of students is influenced positively by their living arrangements (those 
who are happy with their current residence and those that live in a commune) as well 

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Marinda Pretorius & Derick Blaauw: Financial Challenges and the Subjective Well‑being of First‑year Students …   61

as variables that have a direct influence on the educational environment in which they 
operate. Students will adjust to the new university environment more easily if they feel ‘at 
home’ at the university and know exactly what is expected of them. Negative variables that 
influence the SWB of students include concerns regarding finances and upcoming tests. 
Living on the campus itself or if you live within walking distance of campus also influenced 
SWB negatively.  The results in terms of the off‑campus variable and the issue of crime and 
overcrowding are a call to university management to increase its levels of cooperation with 
law enforcement agencies and the metro in order to improve the experience of those living 
off campus. In the words of a police officer quoted by De Villiers (2018), “They (students) 
have a lot to worry about. They don’t need to worry about being robbed.”

The insignificance of the FYS in the annual ordered probit models suggests that the 
frequency of these first‑year seminars may not be enough for students to gain the intended 
benefit of engaging with fellow students and getting to know the inner workings of the 
university. Supplementing these with additional seminars in the second semester may 
enhance the benefit for the students and impact positively on their first‑year experience 
and its concomitant challenges.

Overall, the results show that every possible effort is needed to increase students’ 
chances of achieving the success expected of them by the social norms and structures of our 
society. This may ultimately be the best way to enhance their experience of student life and 
their associated SWB. Added to that, academic success is an important factor in achieving 
the private and social returns on the investment in South Africa’s higher education sector 
that our limited resources require of us. Ultimately, that is the only way to ensure that 
future generations of students face less of the added pressures that weigh first‑year students 
down, making it difficult to go through the doors of learning with confidence and a high 
likelihood of succeeding.

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How to cite:
Pretorius, M. & Blaauw, D. 2020. Financial Challenges and the Subjective Well‑being of First‑year 

Students at a Comprehensive South African University. Journal of Student Affairs in Africa, 8(1), 
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