Financial assistance and management have a place in students’ academic success in higher education. Scholarship grants lessen financial stress, while financial literacy helps students to manage expenses and focus on studies. Proper budgeting and saving allow students to prioritize responsibilities instead of worrying about financial difficulties. This is especially essential for students enrolled in the Bachelor of Elementary Education program. Financial assistance may also improve students’ academic engagement, attendance, and consistency in performance. This study examined how financial literacy and scholarship grants affect the academic performance of BEED students at Surigao del Norte State University.
The study focused on the financial literacy of scholarship recipients in budgeting and saving, and identified how scholarship grants influence academic engagement, attendance, and consistency. A quantitative descriptive-correlational research design was used. Structured questionnaires were distributed to BEED students who were scholarship grant recipients. The instrument consisted of two parts: financial literacy and indicators of academic performance. Data gathered from the respondents were analyzed using frequency count, percentage, mean and Pearson r correlation to determine the relationship between the variables included in the study.
The findings revealed that BEED students demonstrated a very high level of financial literacy in budgeting and saving, with a grand mean of 4.29. Scholarship grants were perceived to have a high influence on students’ academic performance, with an overall grand mean of 4.43. Among the indicators, class attendance obtained the highest mean (4.62), followed by academic consistency (4.46) and academic engagement (4.22). Furthermore, the results showed a significant relationship between financial literacy and academic performance, with all computed p-values less than 0.05. The study concluded that scholarship support and proper financial management contribute to students’ academic achievement and may improve their academic performance.
Keywords: Financial Literacy, Scholarship Grants, Academic Performance, Budgeting,
Saving, Academic Engagement, Class Attendance, Academic Consistency, Bachelor of Elementary Education (BEED) Students, Higher Education.
DOI https://zenodo.org/records/24153781
