The Fundación para el Futuro de Colombia (COLFUTURO) is a Colombian non-profit foundation that was established in 1991 and 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 COLFUTURO offers 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.