COLFUTURO LOAN PROGRAMME POWERED BY UNIVERSITY OF TWENTE

Colfuturo and the University of Twente provide a shared financing programme to strengthen bilateral cooperation. The programme is for talented Colombians interested in a Master's programme at the University of Twente, within the framework of a Joint Graduate Loan-Scholarship programme.

Colfutoro logoThe Fundación para el Futuro de Colombia (COLFUTURO) and the University of Twente foster cooperation and enhance the links between the two institutions through the provision of shared financing for talented Colombian students admitted to Master degree programmes at the University of Twente, within the framework of a Joint Graduate Loan-Scholarship Program.

The University of Twente provides a scholarship of 25% of tuition fee to a maximum number of 10 (ten) students per academic year, for a maximum of 2 years, according to each official regular program duration.

The Faculty ITC offers one extra tuition fee waiver of 85% to a new to enroll Colombian COLFUTURO sponsored student who starts the 2-year Master study programme in Spatial Engineering or the 2-year Master study programme in Geo-information Science and Earth Observation.

Above mentioned tuition fee waivers and COLFUTURO loan scholarships have a maximum lenght of 2 years per student.

This entails (provisonally) for enrollment in September 2023:

• Master's (bèta): 4,062 Euro's powered by University of Twente
• Master's (alfa-gamma): 3,125 Euro's powered by University of Twente

COLFUTURO will provide the remainder of the tuition fees, living allowance and will cover other study related costs, in accordance with its policies and procedures, i.e. up to US$ 25,000 per year for a maximum of two years. In total, the foundation offers loans of up to US$ 50,000. Students may be awarded scholarships for 80% of the loaned amount, provided they accomplish these three requirements: (1) be awarded their postgraduate degree, (2) return to Colombia, and (3) remain in the country for three to five years. 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.

To qualify for this scholarship, applicants must fulfill the following requirements:Have the Colombian nationality:

• Have been admitted unconditionally to a high quality graduate programme (in any field of knowledge and anywhere in the world);
• Have at least one year work experience;
• Have an excellent academic record;
• Proficiency level in English Communication (skills).