INVESTIGATING THE CORRELATION BETWEEN STUDENTS' FINANCIAL DEPENDENCE ON THEIR PARENTS AND THEIR ACADEMIC PERFORMANCE: EXAMINING FACTORS SUCH AS GPA, DROPOUT RATES, AND TIME TO GRADUATION.

Abstract

This study examines the correlation between students' dependency on parental financial support and academic performance, using regression analysis to determine the effects on GPA, dropout rates, and graduation timelines. The results indicate a significant positive correlation between modest financial dependency and higher GPAs (r = 0.45, p < 0.01). Significant financial aid is associated with lower freshman dropout rates (cor = -0.30, p < 0.05) and shorter degree completion times (cor = -0.38, p < 0.01). These findings highlight the significance of moderate financial support in improving academic outcomes, and influencing effective financial aid strategies for higher education institutions and governments.