Government Financial Aid’s Benefits on Academic Achievement Among Business Administration Students

Reshyl Gabat-Lopez, MMBM1, Irish P. Puenluna2, Cindy B.  Bagnol3, Evangeline L.  Esnardo4, Anamie S. Balas5, Ana Rose F.  Cabanday6, Rocil A. Alegado7, Lovely E. Vergara8, & Beverly T. Onda9
1Instructor, School of Business and Management, Philippine College Foundation, Philippines
2-9Student, School of Business and Management, Philippine College Foundation, Philippines
DOI – http://doi.org/10.37502/IJSMR.2024.7113

Abstract

The primary purpose of the study is to determine the type of government financial aid provided to students at the Philippine College Foundation and to evaluate its benefit on both tuition expense coverage and living expenses for the beneficiaries. This study involved 202 respondents enrolled in the second semester of the AY 2022-2023 and currently enrolled in the AY 2023-2024. The researchers employed a quantitative descriptive-correlational research design to determine the relationships the variables of the study. Furthermore, the Researchers utilized a self-made survey questionnaire on government financial aid as the primary data source, encompassing the study’s independent variables. The General Weighted Average (GWA) data obtained from the registrar’s office served as secondary data to assess the academic achievements of the respondents to complete the study. The findings revealed that government financial aid benefits both living expenses and tuition coverage for all the grantees, resulting in high academic achievements among the students. Finally, the study underscores the significant relationship between government financial aid and student achievement, with students demonstrating increased motivation to excel academically as they perceive the grant as a driving force to complete their studies.

Keywords: Government Financial Aid, Academic Achievement, Extent of Benefits

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