Relationship between academic performance and increasing financial tuition subsidies for undergraduate students

Abstract

The primary objective of this study is to examine the relationship between academic performance and the increase of tuition subsidies for undergraduate students at a private higher education institution from Barranquilla (Colombia). Data are gathered and calibrated logarithmically by applying the statistical technique of discriminant analysis. Two mathematical functions are defined: F1 (paid on time) and F2 (paid late). The results show that 3.1% of F1 students and 4.7% of F2 students have low academic performance. This shows that the categorical dependent variable (payment of the semester) has a low impact on academic performance. It is concluded that educational institutions should make options available to all students equally to facilitate on-time payment of tuition fees by all students.