Colfuturo Loan Scholarship Program

COLFUTURO is a joint public and private sector initiative aimed at facilitating the access of Colombian professionals to further education abroad.

Award details

The COLFUTURO Scholarship Credit Program is an initiative of economic support for Colombian professionals, with academic excellence, who have the desire to expand their professional career with master's or doctorate studies in the best universities abroad. Created as a non-profit organization on November 21, 1991, its mission is to contribute to the entrance of Colombia into a world undergoing globalization offering information about international education and supporting students to have a successful study experience overseas.

The program was designed to finance a significant number of Colombian graduate students abroad thanks to an initial endowment of US$13 million. Its main objective is to provide Colombian students with more and better study opportunities and enable them to contribute with their experiences of studying abroad to the economic and social development of Colombia.

Beneficiaries can obtain up to an 80% scholarship on their loan, depending on the fulfilment of the established requirements.

Award value

You can request up to USD 50,000 to be distributed between 9 and 24 months. It is a loan in US dollars. Further information is available at: https://www.colfuturo.org/programas/credito-beca/informacion-general

Eligibility criteria

Candidates must:

• Be Colombian.
• Have been admitted unconditionally into a high quality postgraduate program (in any field of knowledge).
• Have an undergraduate degree.
• Present an international language proficiency examination.
• Have an excellent academic record

For further requirement details, please visit: https://www.colfuturo.org/programas/credito-beca/convocatoria

Award conditions As part of an agreement between FUNDACIÓN PARA EL FUTURO DE COLOMBIA and King’s College London, King’s College London will contribute 20% towards the tuition fees for all eligible and successful scholars of this scholarship loan.

If scholars return to Colombia and stay in the country for 3 years, they can obtain a scholarship of up to 80% of the requested amount, meeting the following requirements:

• 20% if you graduate from MBA studies, Masters in Administration and Law.
• 40% if you graduate from the rest of the study areas.
• 20% if you are employed full-time as a public official, as a full-time teacher or researcher of an educational entity (10% in the first year, 5% in the second year and 5% in the third year).
• 20% if you work outside of Bogotá and its metropolitan area (10% in the first year, 5% in the second year and 5% in the third year).

Please refer to this link for full details: https://www.colfuturo.org/programas/credito-beca/informacion-general.