Application of Path Analysis Method on Student Financial Satisfaction

This research aims to measure the extent of the influence of factors affecting financial satisfaction, both directly and indirectly, among undergraduate students majoring in Mathematics and Natural Sciences (S1 FMIPA) at Syiah Kuala University.The factors investigated in the study are limited to three, namely financial attitudes ( 1), financial knowledge (2), financial management behavior (1), and financial satisfaction (2).The research sample consists of 100 respondents, who are undergraduate students in S1 FMIPA at Syiah Kuala University, and data is collected through a questionnaire.This study employs probability sampling with proportionate stratified random sampling as the sampling technique.Statistical analysis using path analysis is used to determine the influence both directly and indirectly.The results of the path analysis reveal that the variable that has a direct effect on financial satisfaction is financial management behavior, with an influence of 38%.Meanwhile, financial attitudes and financial knowledge have an indirect influence through financial management behavior, with respective influences of 19.4% and 13.1%.Thus, the total influence obtained for each variable is 38%, 47.5%, and 70.4%.