Colfuturo Loan Scholarship Program at King's College London 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.

Eligibility criteria:

• The applicant must be Colombian.
• Candidates should have been admitted unconditionally into a high-quality postgraduate program (in any field of knowledge).
• Should have an undergraduate degree.
• Students must present an international language proficiency examination.
• Should have an excellent academic record.

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).

Application process:

 Students interested in this loan scholarship program must complete the established COLFUTURO application and selection process available on the website. 

Value of the Scholarship:

 up to USD 50,000 to be distributed between 9 and 24 months.