How to Apply for the Colfuturo Loan Scholarship 2023

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 fulfillment of the established requirements.

Please note that COLFUTURO are no longer accepting applications for the 2022/23 academic year. Applications for study commencing in the 2023/24 academic year will open on 10th January 2023

You’re interested in studying abroad and you’ve just heard about the Colfuturo Loan Scholarship Program. This article will tell you everything you need to know about the application process, so keep reading!

Introduction to the Colfuturo Loan Scholarship 2023

The Colfuturo Loan Scholarship 2023 is now open for applications! This scholarship program provides Colombian students with the opportunity to pursue their studies abroad.

 

If you’re thinking of applying, read on for some important information about the scholarship program. The Colfuturo Loan Scholarship 2023 is open to students who are enrolled in an accredited university or college program. You must also be a Colombian citizen and have a good academic record.

 

The scholarship covers a portion of your tuition costs, and you will be required to repay the loan once you graduate. So, if you’re interested in applying for the Colfuturo Loan Scholarship 2023, visit our website for more information and to download the application form.

How to Apply for the Colfuturo Loan Scholarship 2023

Now that you know all about the Colfuturo Loan Scholarship Program, it’s time to apply! Follow these steps to make sure your application is complete and accurate.

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.

Application process

Colombian who are students interested in this loan scholarship program must complete the established COLFUTURO application and selection process.

For the 2023 calendar, the following dates apply: 

• Applications Open: January 10, 2023
• Applications Close: February 28, 2023 at 11:59 pm (Colombia time).
• Delivery of results: May 11, 2023

For full details and to apply, please visit the COLFUTURO website at: https://www.colfuturo.org/.

Additionally, candidates must also apply for admissions for a full-time postgraduate degree (Master’s or Doctorate) at King’s College London by following the normal application procedures and meeting all the standard admissions requirements (including official language tests) established by King’s.

Contact

For further information please contact COLFUTURO or The Centre for Doctoral Studies at King’s College London at [email protected].

1. Go to the Colfuturo website and click on the “Apply Now” button.

 

1. Fill out the online application form. Make sure to provide accurate and complete information.

 

1. Upload all required documents, including your resume and proof of enrollment.

 

1. Review your application and make sure everything is correct before submitting.

 

1. Wait for the results!

What Are the Requirements for the Colfuturo Loan Scholarship 2023?

In order to be eligible for the Colfuturo Loan Scholarship 2023, you must meet the following requirements:

 

Be a Colombian national or permanent resident of Colombia

Have been accepted to or be currently enrolled in an accredited university in Colombia

Demonstrate financial need

 

If you meet these requirements, you may be eligible for a scholarship up to COP$2,000,000.00 (Two Million Pesos).

When Is the Deadline for the Colfuturo Loan Scholarship 2023?

Now that you know a little more about the Colfuturo Loan Scholarship Program, you’re probably wondering about the deadline.

 

The good news is that you have plenty of time to get your application in—the deadline is December 31, 2023.

 

But even though you have almost two years to apply, I still recommend getting your application in as soon as possible. Why? Because the sooner you apply, the better your chances of getting the scholarship.

 

Plus, it’s always better to be safe than sorry. So if you’re thinking about applying for the Colfuturo Loan Scholarship 2023, I would suggest starting the process sooner rather than later.

How Will I Be Notified if I Am Awarded the Colfuturo Loan Scholarship 2023?

You will be notified by email and/or telephone if you are awarded the Colfuturo Loan Scholarship 2023. You will be asked to confirm your acceptance of the award and provide additional information, such as your mailing address and contact information. Once you have accepted the award, Colfuturo will send you a packet of information with details about the disbursement of funds and other important information.

Frequently Asked Questions About the Colfuturo Loan Scholarship 2023

Q: How many students receive the Colfuturo Loan Scholarship each year?

 

A: Up to 20 students receive the Colfuturo Loan Scholarship each year.

 

Q: How much money does the Colfuturo Loan Scholarship provide?

 

A: The Colfuturo Loan Scholarship provides up to $30,000 per academic year for a maximum of two years.

 

Q: How do I apply for the Colfuturo Loan Scholarship?

 

A: You can find the application for the Colfuturo Loan Scholarship on our website. The application period for the 2023 scholarship will open in May 2022.

 

Q: What are the eligibility requirements for the Colfuturo Loan Scholarship?

 

A: To be eligible for the Colfuturo Loan Scholarship, you must be a Colombian citizen or resident, you must be enrolled in or accepted to a graduate degree program at an accredited institution outside of Colombia, and you must have a minimum GPA of 3.0.

Conclusion

The Colfuturo Loan Scholarship program is a great way to help finance your education. However, it is important to make sure that you are able to meet the requirements before you apply. This will help increase your chances of being approved for the scholarship.