‘Crises, chaos and contemplations’: the impact of economic downturn on academic performance: a study of undergraduate students in private universities in Colombo, Sri Lanka

The impact of the economic downturn on academic performance is a matter of significant concern for the Sri Lankan undergraduates. This study examined the impact of the current economic recession on the academic achievements of undergraduate students enrolled in private universities in the Colombo district. A sample of 380 undergraduate students was selected from a population of around 40,000 using cluster sampling, and data were collected via online questionnaires. The study employed a quantitative research approach, with multiple linear regression analysis conducted using SPSS. Independent variables of this study are the economic status of students’ families, ability to fulfil academic needs, students’ expectations, and mental health, while academic performance is the dependent variable. The research findings highlight how mental health and the ability to fulfil academic needs make a considerable impact on academic performance. Therefore, expanding future studies is highly recommended to investigate the comprehensive picture of the impact on undergraduate students in Sri Lanka.