IMPACT OF PARENTS FINANCIAL SUPPORT ON ACADEMIC PERFORMANCE OF GRADE 12 HOME ECONOMICS STUDENT AT IMMACULADA CONCEPCION COLLEGE

Abstract

Parental financial support is a crucial factor in promoting academic success among students. It provides essential resources, opportunities, and motivation for students to excel academically and reach their full potential. However, their role extends far beyond financial assistance. This study is essential for understanding and improving student achievement. By continuing to research this topic, the researchers can develop more effective strategies to help all students succeed. This research aims to know whether parents’ financial support impacts the academic performance of the grade 12 home economics students. Additionally, it seeks to raise parental awareness of how their level of support and involvement in their child’s education may affect their academic performance. This study utilized a quantitative research method to gather data on the impact of parental financial support on Grade 12 Home Economics students at Immaculada Concepcion College. Researchers collected data through survey questionnaires administered to 124 Home Economics students at the college. This study's findings show that financial support from parents has a positive impact on Grade 12 Home Economics students' academic performance. Most of the students agree that they have parents financial support and are satisfied with their parents financial support. The results show that many Grade 12 Home Economics students have a high General Weighted Average (GWA). Based on the data gathered and the conclusion regarding the impact of parents' financial support, Part 1 has high ratings, with an average weighted mean of 3.23, indicating that the majority of respondents receive parental financial support. Table 2 shows that many of the grade 12 home economics students have high grades: 1 student has a 100% - 95%, 40 students have a 94% - 90%, 68 students have 89% - 85%, 15 students have 84% - 80%, and none of the respondents have a 79% or lower grade. Table 3 has an average weighted mean of 2.75, which means most respondents agree that they have financial support from their parents.