The study was conducted in order to understand the way in which the financial status of students in Kuwait is affected as a result of enrolling in private higher education institutions. The aim is to analyze whether they face financial issues upon the time of payment and how these issues can be resolved. The analysis was done on a sample of 1280 students taken from three private universities in Kuwait which include the American University of Kuwait, Gulf University for Science & Technology, and Arab Open University-Kuwait Branch. Two private colleges; Australian College of Kuwait and Box Hill College Kuwait; were also part of the study. Results showed that the main aspect where students faced financial issues was the high price of textbooks. Other issues however were secondary in nature and could be attributed to the inability of students to manage their finances or control expenses. The same trend was observed in both genders and across institutions. Although gender difference did not affect student's behaviors towards financial planning, nationality seemed to play an important part. The recommendations as a result of the findings of this study are to hire an on-campus financial consultant who can help students spend within their means and teach them financial management skills.