Colombia will triple funding for overseas study
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Colombia’s government and COLFUTURO announced a renewed partnership to triple the number of professionals receiving funding for master’s and doctoral studies abroad, aiming to support up to 3,000 students by 2027.
Science Minister Claudia Benavides and Vice President Jose Manuel Restrepo revealed the US$25 million agreement on October 2, marking a key step in the government’s Talento ColombIA program.
The funds will come from recovered loan payments and returns on previous investments managed by the Ministry of Science, Technology and Innovation (Minciencias). The program, called Credito Beca, combines loans with scholarships, potentially reducing total repayment by up to 65% for recipients who meet specific conditions. COLFUTURO will select applicants based on academic merit through an anonymous process, opening applications for the 2027 cohort from January 4 to March 4.
The initiative seeks to encourage graduates to work in industry, focus on key scientific and technological areas, and fill professional needs in various Colombian regions. Established in 1991, COLFUTURO has already funded the postgraduate studies of over 18,000 Colombian professionals, representing a US$590 million investment. This new alliance comes after the previous government funding for new program cohorts ended in December 2025, and aims to continue supporting advanced training opportunities for Colombians abroad.
Applicants can find detailed program requirements and obligations in the official 2027 call for proposals.
