Colfuturo Scholarships
Queen Mary University of London
- Level: Masters, PhD
- Course: Any Masters course and any PhD programme except those in Medicine and Dentistry
- Country: Colombia
- Value: Up to $50,000 over 2 years
- No. of awards: 3 PhD awards and an unlimited number of Master's awards.
- Deadline: Applications for the 2023 call open January 10, closing February 28th.
Queen Mary has partnered with Colfuturo since 2015. COLFUTURO is a Colombian non-profit foundation that was established in 1991 with the support of the National Government and some of the most important companies of the private sector in the country at that time. Its main objective is to provide financial support and increase the possibilities of Colombian citizens to access high-quality postgraduate study programs abroad.
The financial support model is a Scholarship-Loan. COLFUTURO offers each student up to US$50,000, which may be requested in full, even if the program is one year. Students may be awarded scholarships for 80% of the loaned amount, provided they accomplish these requirements: (1) be awarded their postgraduate degree, (2) return to Colombia, and (3) remain in the country for three to five years.
Students obtain the percentages of the scholarship distributed as follows:
Those pursuing Masters’ degrees in management or MBA programs are awarded 20% scholarship of the loaned amount.
Those who study postgraduate in any area of knowledge are awarded 40% scholarship of the loaned amount.
Students may also obtain an additional 20% discount if, upon returning to the country, they engage in employment for one year in the public sector, or as teachers or researchers in public or private institutions.
Students may also obtain an additional 20% discount if upon returning to the country, they work outside Bogota and it´s metropolitan area.
Applicants must make two separate applications: 1 to Queen Mary for admission, and 1 to COFUTURO for the scholarship. Those who are successful in securing the scholarship and hold an offer for admission to Queen Mary will automatically be granted the co-funding discount.
COLFUTURO scholars coming to Queen Mary for a Master's degree will receive a 20% discount. All on-site, full-time Master's courses (MA, MSc, MRes) are eligible.
COLFUTURO scholars coming to Queen Mary for a PhD will receive a full tuition fee waiver for up to 4 years. The COLFUTURO scholarship-loan money should be used to cover living expenses and should be carefully managed to last the 3-4 years required to complete a UK PhD programme. This can be supplemented by personal savings and possible teaching work but this should be discussed and agreed with the academic department before the student begins the programme.
There are 3 PhD tuition fee waivers available per year. Queen Mary and COLFUTURO will jointly decide on the allocation if more than 3 applicants are sucessful.