Impact of Scholarships on Student’s Academic Achievement in Punjab, Pakistan

Abstract

Finance plays an important role in the education sector. The  students  that  have  good   financial  status  get  the  opportunity   to  avail   effective  education  from  the  renowned  educational  institutions , whereas  students  belonging  to  the  poor  family  remain  unable  to  continue  their   education  and  receive   the  higher  education  from  the  well  reputed  educational  institutes. The results showed that the students were agreed about the statement that scholarship create the environment of competition among the students that inspired them in achieving goals (mean=4.08, weighted score=690). Scholarships catalyst the students towards their educational achievements (mean=3.75, weighted score=633) and when students begin to lose interest in study scholarships redirect them back to the study (mean=3.69, weighted score=623). Scholarships encourage the students to study attentively (mean=3.98, weighted score= 672). Scholarships develop the habit of book reading (mean = 3.96, weighted score = 670), and scholarships develop the habit of time management among the students for achieving goals at time (mean = 3.83, weighted score = 648). Majority of the students agreed that they achieved the goal of best grade points due to scholarship (mean = 4.08, weighted score = 690) and scholarships help you in achieving the goal of better performance in the class (mean = 3.83, weighted score = 647).