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Lib
e rtad
y Or d
n
e
Seventh edition: July 2014
© COLFUTURO
All rights reserved.
No part of this book may be reproduced in any form without written permission from the publisher.
Carrera 15 #37-15
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Bogotá, D.C., Colombia, South America
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Texts and information
COLFUTURO
Pictures of beneficiaries
Santiago Escobar Jaramillo, Beneficiary 2007,
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who only acts as a printer.
One year ago we signed an extension to the agreement
with Colciencias, and thereby the National Government, to
increase the support offered by COLFUTURO through the
Loan-Scholarship Program.
Now we are pleased to present the first results of the
commitment we took on: 1,453 Colombians were selected to
receive support in 2014, an increase of more than 300 over
the previous year. Thus, we have made firm progress towards
achieving, over the next two years, the target of providing
support for 2,000 professionals a year to undertake Master’s
and Doctoral studies in the world’s best universities.
We celebrate the results of the efforts jointly undertaken
with Colciencias and the National Government—and
this is just the beginning. In the coming months we will
be conducting an in-depth study with Colciencias into the
possibility of further coordinating our efforts to promote
top-level education for the benefit of the country. In the near
future we will undoubtedly see even more significant results.
We also celebrate the academic quality of the 1,453
Colombians who have decided to undertake the journey to
make “the Excellence of a Dream” a reality, in thousands of
different ways. We are certain that these professionals will
advance Colombia’s reputation and, on their return, will add
impetus to the change that is rapidly transforming the country.
The beneficiaries selected in 2014 managed to stand
out from a group of 2,185 candidates, through a rigorous
selection process in which the academic merit of each
student was assessed, as well as the postgraduate
program they wished to undertake. Those who apply for
the COLFUTURO program are under no illusions as to what
they face: although the percentage of candidates selected
was high this year, the group was tight and competitive. In
engineering and architecture, for example, we were unable
to support hundreds of people despite them being worthy
recipients. This was due to the limited resources available to
us, which this year exceeded USD $50 million.
In this book we present the statistics from our call for
applications. We include all of those who took part in the
selection process: the essay evaluators, as well as the
members of the academic committees, the Academic Board,
the Board of Directors, and, naturally, our working team. We
thank each and every one of these people for their sustained,
professional and transparent efforts, without which these
results would not have been possible.
With the results achieved in 2014, COLFUTURO has set a
new record in supporting 1,453 Colombians, including 113
undertaking Doctoral programs and 1,340 undertaking
Master’s programs. Of these, 119 are members of the
Talent Recruitment Program and 15 are beneficiaries of
the agreement with Proimágenes to develop Colombia’s
audiovisual industry.
The Foundation
Bogotá, July 10, 2014
Thanks to the interest of the Minister of Defense, Juan Carlos
Pinzón, and his Deputy Minister, Diana Quintero, this year
we selected 21 officials from the Armed Forces. We have
now provided support to a total of 76 officials, a group which
is becoming numerous and will undoubtedly help the Army,
Air Force, Navy and the Police continue to produce positive
results for Colombia, hopefully very soon in a country in
which there is no armed conflict and where differences are
resolved through discussion rather than violence.
This year we would like to thank Empresas Públicas de Medellín
(EPM), who joined our celebration and sponsored part of the
event in which the recipients of support from COLFUTURO in
Antioquia were announced. EPM’s commitment to our initiative
has also brought results: thanks to the EPM-COLFUTURO
agreement, three EPM employees will undertake their
postgraduate studies abroad. They competed anonymously,
under the same conditions as all other candidates, as did the
officials selected from the Armed Forces.
Finally, I would like to thank two valuable allies that have
been vital in achieving the positive position that COLFUTURO
currently enjoys: our donors and the National Government.
Without the generosity and exacting requirements of the
former, we may not exist or we may not have achieved
these results. Without the firm support of the latter through
Colciencias, we would never have been able to support the
current number of beneficiaries.
Jerónimo Castro Jaramillo
Executive Director of COLFUTURO
Beneficiaries 2014
3
CONTENTS
The Foundation 5
History
6
Mission and Vision
7
The Organization
8
Donors
10
Work Team
14
Programs 16
Loan-Scholarship
16
Talent Recruitment Program
18
Academic Advising
19
Languages
20
Scholars’ Network and Return
21
Agreements 23
Selection process 36
Statistics 38
4
COLFUTURO - The Excellence of a Dream
The Foundation
Since its inception, and including
the current call for applications, a
total of 9,060 people have received
support from COLFUTURO. Of
these, 1,600 have undertaken Ph.D.
studies, and 7,460 Master’s studies.
Beneficiaries 2014
5
The Foundation
History
COLFUTURO began in 1991, thanks to the initiative of a group of leading citizens from
the public and private sectors who were committed to developing the country
through its most valuable resource: human capital. Ana Milena Muñoz de Gaviria,
the wife of the then president César Gaviria Trujillo, led this effort to create
COLFUTURO.
The initial idea was to establish a foundation offering the financial
and academic support that would allow the most talented and able
Colombians to access postgraduate education in the world’s best
universities and, later, successfully face new challenges related to
knowledge and development. This idea was well received given the
political and economic outlook of the country at the beginning of the
1990s.
Based on the argument that education and training of human
resources for the country should be a shared responsibility,
COLFUTURO’s initial financing employed a mixed model, with both
the state and the private sector providing the first resources.
In 1991, COLFUTURO received contributions of USD $12 million:
USD $7 million from the main companies and businesspeople
in the private sector, and USD $5 from the Secretariat of the
Presidency of the Republic, Ecopetrol, Federación Nacional de
Cafeteros, and Financiera Eléctrico Nacional (now Financiera
Energética Nacional).
In this way, COLFUTURO began to fulfill its mission. In 1992 it selected
its first group of beneficiaries: 46 Colombians from different parts of the
country who would study in world-renowned universities.
Each year, the number of students receiving support increased. At the start
of the new century, however, COLFUTURO saw that the help it provided was
not sufficient—the country needed more Colombians with top-level postgraduate
6
The Foundation
education abroad. The goal, then, was to support 1,000 students per year. To meet
this new objective, an agreement was signed in 2009 with Colciencias and Icetex,
through which the government agreed to contribute the funding corresponding to the
scholarship loan waivers. This not only committed the national government; in 2009,
COLFUTURO’s Board of Directors called on Colombia’s principal companies to reaffirm
their commitment to the Foundation. As a result of this appeal, donations of USD $25
million were received.
Thanks to these contributions, COLFUTURO was able to support close to 1,000 students
from 2010 until 2013. In 2013 the national government, through Colciencias and Icetex,
renewed its commitment with COLFUTURO to finance 2,000 students in 2016.
As a result of this agreement, it was possible to support 1,453 students this year, and
the pool of resources has grown to around USD $54 million. During its existence, the
Foundation has directly provided (including committed moneys) USD $228 million.
COLFUTURO promotes, guides and finances the postgraduate training of Colombian
USD 53 M
Mission
USD 56M
POOL OF RESOURCES
2013
2014
professionals. The Foundation uses academic excellence of both the candidate and the
study program as the basic selection criteria. COLFUTURO seeks to contribute to the
formation of better human capital for Colombia’s development.
Vision
In the next decade we will become the leading institution preferred by Colombians to
finance their postgraduate studies abroad. We will be recognized for our high quality
standards and the excellence of the services we provide.
Beneficiaries 2014
7
The Organization
Board of directors
Luis Carlos Sarmiento Angulo, president
Eduardo Pacheco Cortés
Iván Guillermo Lizcano Ortiz
Carlos Arturo Londoño Gutiérrez
Paula Marcela Arias Pulgarín
Ana Milena Muñoz de Gaviria
María Fernanda Campo S.
Jorge Cárdenas Gutiérrez
Mauricio Cárdenas Müller
Ernesto De Lima Le Franc
Néstor Saavedra Trujillo
Juan Guillermo Jaramillo Correa
Ricardo Villaveces Pardo
Academic Committee
Pedro Miguel Navas Sanz de Santamaría
Ricardo Villaveces Pardo
Manuel Rodríguez Becerra
Margarita Botero de Mesa
Francisco Piedrahíta Plata
Juan Camilo Ochoa Restrepo
José Antonio Lloreda Camacho
Eduardo Villar Cocha
Finance Committee
Eduardo Pacheco Cortés
Germán Salazar Castro
8
2014
Engineering
Business & Administration
Law
Architecture & Design
Social Sciences
Arts
Political Sciences
Agricultural Sciences
Basic Sciences
Health Sciences
Economics
Education
268
226
135
135
133
122
114
92
66
65
51
46
Beneficiaries 2014
Engineering is the
field of study with the
highest number of
students in 2014.
The Foundation
Selected by Field of Study 2014
9
Original Donors
City
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
Banco AV Villas (1)
Banco de Bogotá
Banco de Occidente
Corporación Financiera Colombiana (2)
Organización Luis Carlos Sarmiento Angulo
Companies of the Luís Carlos Sarmiento Angulo Group
Compañía Colombiana de Tejidos (Coltejer)
Compañía Iberoamericana de Plásticos (3)
Cristalería Peldar
Gaseosas Colombiana S.A.
Gaseosas Lux
Gaseosas Posada Tobón (Postobón)
Ingenio Cauca
Ingenio Providencia
Radio Cadena Nacional (RCN)
Sucromiles S.A.
Companies of the Carlos Ardila Lülle Group
16. Bavaria (18)
Companies of the Julio Mario Santo Domingo Group
17. Banco Colpatria Red Multibanca Colpatria S.A. (13) (13a)
18. Capitalizadora Colpatria
19. Seguros Colpatria S.A.
Companies of the Colpatria Group
Luis Fernando Santacruz Flórez
Valle del Cauca
Doctor and Surgeon
Beneficiary 2009
Master’s in Pediatric Neurosurgery
Universidad Nacional Autónoma de México
20.
21.
22.
23.
24.
25.
26.
27.
Almacenes Éxito S.A. (7)
Bancolombia (5) (8) (17)
Compañía de Cementos Argos S.A. (6) (9)
Compañía Colombiana de Tabaco S.A.
Compañía Nacional de Chocolates
Enka de Colombia S.A.
Fabricato S.A.
Suramericana de Inversiones S.A. (4)
Companies of the Business Group of Antioquia
28. Productos Familia S.A.
29. Cámara de Comercio de Medellín
30. Conconcreto S.A.
Other Companies in Antioquia
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
Alúmina S.A.
Carvajal S.A.
Colgate S.A.
Colombina S.A.
Compañía Delima Marsh (12)
Hoteles Estelar de Colombia S.A.
Icollantas S.A. (10)
Productora de Papeles S.A. (Propal)
Smurfit Cartón de Colombia
Tecnoquímicas S.A.
Unilever S.A. (11)
Companies in Valle del Cauca
(See methodological notes)
10
Bogotá
USD
125,000
500,000
250,000
100,000
125,000
1,100,000
Bogotá
150,000
50,000
50,000
100,000
150,000
150,000
150,000
100,000
100,000
50,000
1,050,000
Bogotá
1,000,000
1,000,000
Bogotá
200,000
150,000
150,000
500,000
Medellín
60,000
172,245
283,876
83,739
100,000
50,000
67,333
100,000
917,193
Medellín
30,000
30,000
132,648
192,648
Cali
50,000
150,000
25,000
75,000
50,000
33,333
50,000
100,000
100,000
100,000
50,000
783,333
48.
49.
50.
51.
52.
53.
54.
City
Carlos Sarmiento L. & Cía. Ingenio San Carlos
Manuelita S.A.
M. Seinjet & Cía. S. en C. La Cabaña
Mayagüez S.A.
Ingenio Pichichí S.A.
Ingenio Risaralda S.A.
Sugar Mills of Valle del Cauca
Bogotá
Barranquilla
Bogotá
Bogotá
Bogotá
Bogotá
Bogotá
Total contributions by the private sector
55.
56.
57.
58.
USD
50,000
150,000
40,000
110,000
55,000
50,000
455,000
Cali
BP Exploration Company (Colombia)
Droguerías y Supertiendas Olímpica
Procter & Gamble Colombia S.A. (14)
SKN Caribecafé Ltda. (15)
Fondo de Promoción de la Cultura
Organización Corona (16)
BASF Química Colombiana S.A.
Other Companies in the Country
Departamento Administrativo de la Presidencia de la República
Ecopetrol
Federación Nacional de Cafeteros
Financiera Eléctrica Nacional (FEN)
State Agencies
Total contributions by state agencies
Total initial donations
The Foundation
42.
43.
44.
45.
46.
47.
1,000,000
41,618
75,000
30,000
92,884
66,666
20,000
1,326,168
USD 7,324,342
2,584,892
1,000,000
1,000,000
1,000,000
5,584,892
USD 5,584,892
56 %
44 %
USD 12,909,234
Other Donors
59. Roldán Group**
500,915
Grand total of contributions and donations USD 13,410,149
María Juliana Machado Forero
Bogotá
Psychologist
Beneficiary 2012
MSc Comparative Politics Comparative Politics
London School of Economics and
Donations by city
Political Science (LSE)
USD
Bogotá
Barranquilla
Cali
Medellín
5,435,465
41,618
1,238,333
1,109,841
Donations by cities
USD 7,825,257
Contributions by State Agencies
USD 5,584,892
Grand total contributions and donations USD 13,410,149
** Grupo Roldán: donations from various companies
of the group since 2005. Donations converted to US
dollars at the Market Exchange Rate of May 2013.
(See methodological notes)
continued >>
Beneficiaries 2014
continúa >>
11
Methodological Notes
1.
This table represents the list of Original COLFUTURO Donors to date. The list
takes into account closeouts, mergers, corporate breakups and name changes
of original donors and new donors.
2.
This list shows the companies that have some sort of stock control even
though the controlling group does not exist as a legal entity. 3.
The following companies made donations to COLFUTURO but later they either
disappeared, changed their name or merged:
USD
(1) Corporación de Ahorro y Vivienda Las Villas
250,000
(2) Corporación Financiera del Valle
100,000
(3) Tapas La Libertad S.A.
(4) Compañía Suramericana de Seguros
100,000
(5) Banco Industrial Colombiano
100,000
(6) Cementos Caribe
100,000
(7) Cadenalco S.A.
60,000
(8) Corporación Financiera Nacional S.A.
42,245
(9) Cementos del Valle
Cristina Mejía Acevedo
Antioquia
Bachelor’s in Modern Languages
Beneficiary 2012
MA in Applied Theatre: Drama in Education,
Community and Social Context
Goldsmiths College
50,000
100,000
(10) Productora Nacional de Llantas
50,000
(11) Varela S.A.
50,000
(12) De Lima & Cía. Ltda.
50,000
(13) Banco Colpatria S.A.
100,000
(13a) Corporación de Ahorro y Vivienda Colpatria
100,000
(14) Inextra S.A.
75,000
(15) Gavicafé
30,000
(16) Disprocer Ltda.
33,333
(16a) Cerarte Ltda.
33,333
(17) Corporación de Ahorro y Vivienda Conavi
30,000
(18) Donation took place when Bavaria was part of
Grupo Santodomingo
** Grupo Roldán: donations from various companies of the group since 2005.
Donations converted to US dollars at the Market Exchange Rate of April 2014.
Last update: April 2014
12
Featured Donation
Donation Received
5,000,000
1,625,000
250,000
250,000
750,000
1,000,000
750,000
375,000
5,000,000
5,000,000
2,400,000
300,000
300,000
100,000
800,000
700,000
400,000
5,000,000
5,000,000
5,000,000
2,500,000
664,325
461,645
618,012
480,794
277,207
2,501,983
21. Banco Davivienda S.A.
22. Seguros Bolívar
Sociedades Bolívar
1,500,000
750,000
750,000
1,500,000
23. Fundación Bavaria
1,000,000
1,045,979
24. Mineros S.A.
50,000
50,000
25. La Alquería
500,000
500,000
26. Harinera del Valle
300,000
300,000
27. Iván Felipe Mejía Cabal
100,000
100,000
20,000
20,000
29. Fundación Suramericana
800,000
827,288
30. Bancolombia
800,000
600,000
31. Delima Marsh
140,000
140,000
32. Conconcreto
150,000
36,282
33. Colinversiones (Celsia)
800,000
800,000
34. Fundación Argos
800,000
800,000
35. Nacional de Chocolates (Nutresa)
600,000
787,261
36. Contegral
100,000
200,000
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Banco de Bogotá
Corporación Banco de Bogotá
Banco AV Villas
Corficolombiana
Banco de Occidente
Banco Popular
Porvenir
Aval Group
Gaseosas Posada Tobón
Distribuidora de Coches La Sabana
Compañía Iberoamericana de Plásticos
Empresa de Distribuciones Industriales S.A.
RCN Televisión
Ingenio del Cauca Incauca S.A.
Radio Cadena Nacional S.A.
Ardila Lülle Group
15. Familia Santo Domingo
16.
17.
18.
19.
20.
Mercantil Colpatria
Salud Colpatria
Seguros de Vida Colpatria
Seguros Colpatria
Capitalizadora Colpatria S.A.
Colpatria Group
28. Tatiana Posada Mejía
Total USD 25,160,000
The Foundation
New Donors
Mauro Leandro Rivera Muñoz
Bogotá
Media Communications
Beneficiary 2012
MA in Creative and Cultural Entrepreneurship
Goldsmiths College
USD 25,208,793
Beneficiaries 2014
13
Work Team
Jerónimo Castro Jaramillo
Rocío Aidé Sandoval Díaz
Ronald H. Guzmán Castro
Executive Director
Document Management Coordinator
Assistant Coordinator Doctoral
Program - Colciencias Scholarship
Cecilia Salgado de Huertas
Luz Amanda Cruz Huyo
Administrative and Financial Director
Loan-Scholarship Application
Fabio Iguavita Duarte
Coordinator
Elisa Jiménez Villalba
Accountant
María Fernanda Prieto Ñáñez
Communications Coordinator
Martha Rocío Vargas Cáceres
Projects Manager
Mónica Ochoa Buitrago
Billing Assistant
Claudia Rocío Palacios Ávila
Languages Program Coordinator
María Lut Siza Pinto
Gladys Venegas Quinche
Loan-Scholarship Program Assistant
Loan-Scholarship Program & Billing
Ana María Poveda Garcés
Coordinator
Constanza Londoño Reyes
Herbert Francisco Corredor Pardo
Doctoral Program Coordinator-
Software Developer
Juan Camilo Contreras Galindo
Colciencias Scholarship
Andrés H. Gónzalez Folleco
Sandra Santacruz Cárdenas
Diana Lucía Patiño Donoso
Billing Assistant - Group Leader
Academic Advising Coordinator
María Cristina Bastidas Perdomo
Laura Valdivieso Carreño
Nelson Cuevas Valderrama
Academic Advising Assistant
Recruitment of Regional Talent Program
Coordinator
Julián Acevedo Moreno
Juan Pablo Lozano Romero
Andrés Felipe Téllez Sánchez
Junior Developer
IT Coordinator
14
Andrea Hernández Corredor
Andrea Paola Peña Rincón
Libardo Herrera Beltrán
Colciencias Billing Aide
Driver
Beatriz Hernández Angulo
Marlén Guío Moyano
Miguel Cervantes Martínez
Billing Aide
Messenger
Natali Cabal Vanegas
Johel Andrés Montoya Agudelo
Jennifer Rocha Roa
Assistant-Placement Lead
Billing Aide
SENA Apprentice
Luz Marina Gutiérrez García
Geraldine Moreno Giraldo
Scholarship Call for Applications Aide
SENA Apprentice
Andrea Liliana Téllez Chisco
Temporary Staff
The Foundation
Hugo Alexander Buitrago Carvajal
Recruitment of Talent Program
Adriana María Vidal Leal
Administrative & Financial Assistant
Zulma Cruz Matoma
Scholarship Call for Applications Aide
Jimmy Leonardo Arévalo
Accounting Assistant
Melissa Mendoza Morales
César Fabián Vargas Gómez
Archive Aide
Rankings
Betsy Alejandra Pérez Moyano
Carlos Ducón
Archive Aide
Recruitment of Talent Program
Alejandro Vergara Castro
Rankings
Juan Carlos Romero Castellanos
IT Assistant
Guillermina Valencia de Mejía
Alfredo Sierra Mendoza
Executive Director Secretary
IT Assistant
Amanda Quiroga Rojas
Luz Ángela Arévalo Torres
Bookkeeper
Receptionist
Patricia Montoya Villegas
Rankings
Update: April 30, 2014
Beneficiaries 2014
15
Programs
Loan-Scholarship Program
-Co-financed by COLCIENCIAS-
This is COLFUTURO’s main program. It was created with the goal of allowing the most
talented Colombians to access postgraduate education in the world’s best universities.
Lbi
ertad
y Or d n
e
Thanks to this program, students can request a loan of up to USD $50,000 for two years,
to finance their postgraduate studies. The recipients of the Loan-Scholarship Program
(PCB) can obtain a 50% loan waiver (25% in business related fields).
The conditions to gain access to this benefit are to be awarded a degree, to return to Colombia
and to remain in the country for twice the period funded by COLFUTURO, plus one year.
This program, which is unique in Colombia, has developed a rigorous selection process.
The criteria for selecting a candidate are his/her academic excellence and the quality and
excellence of the study program.
To date, 22 groups of students have been selected and they have represented Colombia
in the best universities around the world.
PROFESSIONALS SELECTED
FROM 1992 TO 2014
7,460
9,060
The experience and responsibility with which COLFUTURO handles the selection process
and manages the Loan-Scholarship Program have consolidated this support model as a
leading initiative in Colombia and Central America.
National Government Support
In 2007, the first cooperation agreement was signed between the national Ministry
of Education, Icetex and COLFUTURO. One year later, this agreement was renewed by
1,600
Colciencias, Icetex and COLFUTURO.
In 2009 it was established that the national government would provide, for at least nine
years, the funds corresponding to the scholarship loan waivers awarded to selected
professionals in the Loan-Scholarship Program.
Master’s
16
Doctoral
programs
With the aim of supporting more people, an additional agreement was signed in 2013 by Colciencias
and Icetex to increase the number of Colombians supported each year until reaching 2,000 in 2016.
Bogotá
Physicist
Beneficiary 2012
Master’s in Medical Imaging Sciences
Programs
Ana María Bermúdez Ríos
King’s College London
Beneficiaries 2014
17
Programs
This program was created in order to encourage greater participation from candidates
with excellent academic results who are from public universities and cities other than
Bogotá in COLFUTURO’s calls for applications.
The selection process for the members of the Talent Recruitment Program is extremely
rigorous and focuses on candidates’ academic level and leadership qualities, while also
taking into account criteria such as student ranking in their undergraduate class and
weighted average grades, as well as other academic commendations and awards.
The Talent Recruitment Program provides advice and support for students during the
process of research and preparation to postgraduate studies in top-level universities
abroad.
1,160
participants
in the program.
The experience of COLFUTURO has shown that the main reason that many of
Colombia’s most brilliant professionals do not initiate postgraduate studies are lack of
a second language, insufficient knowledge about how to choose a top-level university,
and a belief that it is impossible to meet the cost of living and studying abroad.
The Talent Recruitment Program works directly on overcoming these obstacles by
providing personalized accompaniment and advice through different means: Advising
sessions, workshops, information sessions, grading of postgraduate programs, and
revision of candidature essays and requirements, among other services. This process of
accompaniment can last for up to three years.
Through the program, COLFUTURO has set the goal of strengthening fields of study
such as engineering, health sciences, basic sciences, economics, social sciences,
education, arts, agricultural sciences and environmental sciences.
The Talent Recruitment Program has been operating for eight years and currently has
1,160 members. They include students in the final year of their undergraduate degree
and recent graduates who have obtained a grade average 10% higher than that of their
class, who belong to a research group certified by Colciencias, who have scored in the
top 5% of the Quality Examinations for Higher Education (ECAES), or have received the
grade of summa cum laude or honors.
18
Programs
Academic Advising
This area of COLFUTURO is the entry point for Colombian professionals who wish to
undertake studies abroad. Its main objectives are as follows:
•• Guide and advise professionals in the process of selecting postgraduate
programs, taking into account academic standard, destination country and level
of ability in a second language, so that personal and professional expectations
are met.
•• Constantly enrich the official website with varied and useful material about
postgraduate education abroad.
•• Compile reliable and independent information throughout the year to facilitate
the analysis, grading and classification of universities and postgraduate
programs offered worldwide, in order to provide excellent academic advice to
those interested.
•• Review and assess the academic programs proposed by candidates in the
Loan-Scholarship Program applications for postgraduate studies abroad, based
on different rankings and accreditations, as well as a detailed evaluation of
programs and universities.
•• Negotiate agreements with universities and institutions that offer outstanding
Colombian professionals the best opportunities to undertake top-level studies
abroad, and monitor those agreements.
•• Participate in international education fairs, talks and events in order to raise
awareness about the work COLFUTURO does, and improve opportunities for
studying abroad.
Daniela Palou Bonitto
Bogotá
Political Scientist
Beneficiary 2012
MSc Comparative Politics
London School of Economics and
Political Science (LSE)
Beneficiaries 2014
19
Programs
Languages
COLFUTURO, through the Language Program, offers the necessary operational support to
The number of
participants in the
Language Program
increased by
16 %
over the previous year.
undergraduate students and professionals who wish to improve their language skills. Since
its inception in 1996, the Foundation has supported 1,780 students via agreements with
universities in the United States, the United Kingdom, Australia, New Zealand and France.
This year the Program once again widened its academic offering in terms of languages
by including three distinguished universities in New Zealand for English teaching. The
universities of Auckland, Lincoln and Otago offer students an ideal destination, given the
high academic standard, student protection, safety and quality of life.
To encourage academic excellence, in 2013 the Language Program awarded ten tuition
scholarships at the University of Delaware in the United States and East Anglia in the
United Kingdom to students in the The Talent Recruitment Program and outstanding
professionals. In the first half of 2014, nine scholarships were awarded in initiatives such as
The Talent Recruitment Program, the partnership with Fincomercio and the COLFUTURO
Trivia Competition.
Diana Carolina Espitia Tupaz
Student of the Language Program
English for Postgraduate Studies
Glasgow Caledonian University
20
Programs
Scholars’ Network And Return supports the beneficiaries of The Scholars’ Network and
Return Program on their return to Colombia. This assistance includes helping beneficiaries
define an individual strategy for successful professional training, coordinating the aids that
will allow them to secure better job opportunities, and developing key tools and abilities
in job hunting, such as resume writing and interview technique. The Program also offers a
weekly listing of job offers, and introductions to allied companies and organizations.
As of this year, the Scholars’ Network and Return Program has added four other initiatives:
•• Building a network of beneficiaries and using this to take better advantage of their
excellent professional skills.
•• Systematizing and simplifying processes so that the program office can operate 24/7.
•• Defining the profiles, abilities and potential of each beneficiary in the labor market,
in the public and private sectors, in academia, and the entrepreneurial sphere.
•• Strengthening alliances with companies, human resources firms and
intermediaries such as elempleo.com, trabajando.com and redempleo.gov.co,
as well as placing a new focus on alliances with national and international
investment agencies, investors, embassies and chambers of commerce.
Our long-term objective is to convert this into a program that provides comprehensive
support to beneficiaries on their return to the country. The aim is also to strengthen the
network, the only one in Colombia with more than 7,000 professionals marked by their
excellence.
Beneficiaries 2014
The Return Program has
more than
400
stretegic alliances.
21
María Catalina Carmona Bernal
Bogotá
Lawyer
Beneficiary 2012
Master’s in International Legal Studies
New York University
22
Agreements
Agreements
So that every dollar provided by COLFUTURO is worth even more for its beneficiaries,
various agreements have been signed with educational institutions and universities in
recent years.
COLFUTURO has more than 50 agreements through which discounts are offered on tuition
fees from 10% up to 100%, or contributions are made towards living costs while the student
is abroad. These agreements include the following:
INSTITUTIONAL AGREEMENTS
DAAD
Through this agreement, Master’s and Doctoral programs students who will study in
Germany receive a German course in Colombia of up to three months (only in the case of
Humanities, Law, Economics and related sciences), and another course in Germany of up
to six months, before starting their studies.
Furthermore, students enjoy all the benefits of DAAD scholarship recipients in Germany,
including health insurance and third party liability insurance (covering them and
dependents), as well as the cost of air tickets between Germany and Colombia. DAAD
supplements the assistance provided by COLFUTURO by up to €16,000, for different
items.
COLFUTURO
currently has over
50
agreements
with educational
institutions and
universities.
Ecopetrol
In 2013, COLFUTURO signed a new agreement with Ecopetrol, through which the state
company committed to provide approximately USD $80,000 to increase the percentage
of the scholarship offered by the PCB for around 20 students from oil regions.
Beneficiaries 2014
23
Agreements
Carolina Villada Vargas
Antioquia
Materials Engineer
Beneficiary 2010
Advanced Materials, Procedures and
Controls
Université de Limoges
U.S. Embassy - Centro Colombo Americano
Thanks to the support of the U.S. Embassy in Bogotá, and the offices of the Centro
Colombo Americano in Bogotá, Cali, Armenia, Manizales and Pereira, those people
selected from COLFUTURO’s Talent Recruitment Program who plan to undertake
postgraduate studies in the United States will be able to take English courses or courses
to prepare for official language exams, for up to one academic year in Colombia.
Additionally, these students will receive support and advice in their planning and admission
process through the Education USA Advising Centers supported by the US Department
of State. These centers promote higher education in the United States, offering accurate,
complete, objective and up-to-date information about education opportunities in
accredited institutions in the country. COLFUTURO is also part of this network.
French Embassy
Currently, COLFUTURO and the French Embassy have three lines of support:
•• Incubator support
•• French Embassy – Ascún
•• French Embassy – CEF
Candidates selected by the French Embassy from the Talent Recruitment Program
have access to 400 hours of French lessons in regional offices of the Alianza Colombo
Francesa, as preparation for postgraduate studies in France. Furthermore, they receive
a 25% discount on rates with Campus France, the entity that manages admission to
French education centers and conducts the processes for obtaining a student visa.
French Embassy – Ascún
This agreement helps support the strategy of Ph.D. education in France for Colombian
university professors, effectively contributing to achieving the 2019 goal of Ph.D.
education for the country—financed with biannual scholarships—in accordance with
the following conditions:
24
Agreements
•• That a research program exists with multiplier potential in Colombia, in the
universities involved in the program.
•• That the candidate has a Master’s degree.
•• That a financial and administrative plan has been agreed between the French Embassy,
the National Ministry of Education, COLFUTURO and the candidates’ universities.
The Embassy, in conjunction with the Ministry of Education, grants assistance of €2,000
for each year of study, for a maximum of three years; this money will be offset against
the debt with COLFUTURO, in compliance with the Loan-Scholarship Program.
French Embassy – CEF
The French Embassy, Corporación para los Estudios en Francia (CEF) and COLFUTURO
signed an agreement that will benefit Colombian professionals who undertake Master’s
or Ph.D. studies in France between 2011 and 2015.
The CEF—the entity responsible for promoting and facilitating education for young
Colombians in France’s best universities—and the French Embassy will allocate
€160,000 per year for four years, funds that COLFUTURO will administer. It is estimated
that 40 students will be supported, with each student receiving €4,000 per year.
EPM
COLFUTURO and EPM will combine their efforts and experience to promote the
undertaking of Master’s—and occasionally Ph.D.—studies for EPM staff in areas
identified as being of interest for the strategic positioning of the organization. This will be
achieved through the advice and accompaniment of the Talent Recruitment Program, as
per the previous co-financing, provided through the Loan-Scholarship Program.
Luz Stella Peña Escobar
Bogotá
Architect
Beneficiary 2010
EPM will conduct an internal selection process of candidates for the Loan-Scholarship
Program and provide their endorsement for the start of the EPM Talent Incubator Program.
Bioclimatic Architecture and Environmental
Technology
Università Degli Studi di Firenze
COLFUTURO will then select the beneficiaries from the candidates that respond to the call
for applications in a transparent and independent manner, based on its rules and guidelines.
EPM will grant an additional scholarship of 50% of the total scholarship loan sum awarded
to the student by COLFUTURO.
Beneficiaries 2014
25
Agreements
To be eligible for this scholarship, the beneficiary must fulfill the obligations established
for loan waivers in the regulations of COLFUTURO’s Scholarship Loan-Program, as well
as the additional conditions set by EPM when the scholarship is awarded.
Harvard
In 2013, COLFUTURO renewed the agreement signed by Harvard University in the
United States that sets the goal of jointly providing support for up to five Ph.D. students
and up to fifteen Master’s students per academic year.
For Master’s students, COLFUTURO offers the standard support, and Harvard
supplements this to cover additional costs as required. To do this it uses resources from
the Harvard-Colombia Fund and other funds.
For Ph.D. students, COLFUTURO offers scholarship support for up to two years to
a maximum amount of USD $50,000. In turn, Harvard supplements COLFUTURO’s
assistance and guarantees funds from different sources to ensure that the entire cost of
the Ph.D., including both tuition fees and living expenses, is covered by the scholarship.
Ministry of Defense
In 2008, COLFUTURO signed an agreement with the Ministry of Defense with the aim of
supporting the education of the best officials in Colombia’s Armed Forces (Army, Navy, Air
Force and Police). In accordance with this agreement, the Armed Forces commits to selecting
its most outstanding officials, both in academic and military terms, and COLFUTURO
commits to accompany, guide and assist them in choosing the best postgraduate programs,
as well as motivating them to prepare themselves with English skills and participate in
the annual call for applications for scholarship loans. The officials from the Armed Forces
compete under the same conditions as other candidates with the Foundation’s backing.
The Ministry of Defense pays COLFUTURO the total debt associated with each official.
Once these officials have graduated they return to their country and are reincorporated
into their institution.
During their studies, and their return, the officials selected in the PCB call for applications
will have the same support and obligations as other COLFUTURO beneficiaries.
26
Agreements
Proimágenes Colombia
This agreement assists people interested in undertaking postgraduate programs
related to the audiovisual industry with resources from the Fondo para el Desarrollo
Cinematográfico (Cinematic Development Fund, FDC), as decided by the Consejo
Nacional para las Artes y la Cultura en Cinematografía (National Council for the Arts and
Cinematography Culture, CNACC).
COLFUTURO beneficiaries who undertake studies in subjects related to the audiovisual
industry can obtain 45% of the scholarship, as well as the amount granted by
COLFUTURO, or supplementary support of up to USD $20,000. After examining each
case, the Coordination Committee, designated by the CNACC, will determine the list of
beneficiaries and the distribution of funds.
Additionally, professionals in the audiovisual field who fulfill the required academic
criteria can take part in the Talent Recruitment Program. There they will receive
accompaniment and guidance in selecting a top-level postgraduate program with
activities of specific interest to their field.
RedBrit Scholarship to Latin American Excellence
The RedBrit Scholarship to LatinAmerican Excellence was created thanks to the initiative
and leadership of the members of RedBrit Colombia: the Colombian network of alumni
from British universities.
The scholarship consists of support over and above that provided by COLFUTURO’s
Loan-Scholarship Program. Avianca will provide a return ticket from Bogotá to London.
The beneficiary will also receive GPB £500 drawn from the voluntary donations of
RedBrit members seeking to assist students who have excellent academic standards
and who are ambassadors not just for Colombia, but for all of Latin America in the
United Kingdom.
The recipient of these benefits must be a student selected from COLFUTURO who
has obtained the highest selection scores in their application for the Loan-Scholarship
Program. Preference will be given to lower-income candidates.
Beneficiaries 2014
27
Agreements
AGREEMENTS BY COUNTRY
Australia
Heinz College - Carnegie Mellon University
Discount of 50% for up to two years for a limited number of COLFUTURO beneficiaries
Juanita Tatiana Jiménez Bustamante
Bogotá
admitted into the Master of Science in Public Policy and Management, and Master of
Science in Information Technology programs.
Architect
Beneficiary 2009
Master’s in Urban and Regional Planning
University of Sydney
Macquarie University
Discount of 50% for two students admitted into Master’s programs in Engineering and
Technology, Social Sciences, Humanities, Human Sciences and Natural Sciences. All
other students admitted and selected by COLFUTURO in these programs will receive a
10% discount.
Monash University
Discount of 10% for all COLFUTURO beneficiaries admitted.
Swinburne University of Technology
Scholarship covering 50% of tuition fees for four students admitted into the Master’s
by Coursework in Science, ICT and Engineering, and for four students admitted into the
Ph.D. or Master’s by Research in the departments of Science, Engineering and ICTInformation & Communication Technologies.
University of Adelaide
Discount of 20% on annual tuition fees for COLFUTURO beneficiaries admitted into the
Master’s by Research, Postgraduate Coursework, for up to two years of study, and for
up to four years of study for Ph.D.
University of Melbourne
Discount of 15% on tuition fees for COLFUTURO beneficiaries admitted into
postgraduate programs in the School of Design and 10% for other programs. All
discounts are offered for the duration of the study program.
28
Agreements
University of Technology Sydney (UTS)
Scholarship of 100% for five students admitted into Master’s or Ph.D. programs: two for
Master’s by Coursework students and three for Postgraduate Higher Research Degrees
students (Master’s by Research and Ph.D.).
Victoria University
Discount of 50% on tuition fees for a COLFUTURO beneficiary admitted into the College
of Business or into the College of Sports and Exercise Science.
Canada
University of Alberta
COLFUTURO beneficiaries are who are admitted into one of the programs covered
by the agreement are given a sum equal to the difference between tuition fees for
international students and Canadian students, as long as they have requested more
than USD $15,000 from the Foundation for living expenses.
Costa Rica
Catie
Discount of 100% on “related costs” for a maximum of five COLFUTURO beneficiaries
admitted into Master’s programs in Ecological Agriculture, Tropical Agroforestry,
Management and Conservation of Tropical Forests and Biodiversity, Integrated
Watershed Management, Environmental Socioeconomics, and Development Practice.
This contribution represents approximately 40% of academic expenses.
Incae Business School
Discount of 25% on tuition fees for two years for all COLFUTURO beneficiaries admitted
into the MBA program.
Denmark
In the 2014 call for
applications, 1,453
Colombians with
excellent academic
performance were
selected for assistance.
Copenhagen Business School
Scholarship of 20% for all COLFUTURO beneficiaries admitted into the full-time MBA
program.
Beneficiaries 2014
29
Agreements
France
École des Mines de Nantes
Discount of 15% on tuition fees for all Master’s programs.
HEC Paris
Discount of EUR €5,000 on tuition fees for two COLFUTURO beneficiaries admitted into
the MBA.
Juan Carlos Giraldo Gómez
Antioquia
Business Engineer
Beneficiary 2009
MBA
Georgia Institute of Technology
Sciences Po
Discount of 10% on tuition fees for COLFUTURO beneficiaries admitted into the MPA.
Germany
DAAD
Partial scholarship of approximately EUR €16,000 covering tickets, some living
expenses, health insurance, German course and research expenses.
Italy
Domus Academy - NABA
Discount of 10% on tuition fees for all COLFUTURO beneficiaries admitted into Master’s
programs in the Domus Academy and Nuova Accademia di Belle Arti Milano (NABA). Two
scholarships covering 50% of tuition fees for one Master’s student admitted into Domus
Academy and one Master’s student admitted into Nuova Accademia di Belle Arti Milano (NABA).
Politecnico di Torino
Discount of 50% on tuition fees for all students admitted into the Master of Science, 20%
of the total number of Master’s II students (II Level Specializing Master) and 50% of the
total number of Ph.D. students.
Spain
Fundación Esade
Discount of 20% on tuition fees for a limited number of beneficiaries undertaking MBA or
M.Sc. studies.
30
Agreements
Fundación para la Proyección de las Universidades EspañolasUniversidad.es
Discounts on the cost of compulsory health insurance for the visa process, support
in the visa application process with the Spanish Consulate, and assistance in opening
a bank account. Additionally, beneficiaries from the Talent Recruitment Program are
eligible to receive support in the admission process for the Spanish university system.
IE Business School
Discount of 20% on tuition fees for three COLFUTURO beneficiaries admitted into the
Business School’s programs.
United States
American University - School of International Service
A scholarship of 50% for up to five students admitted into any Master’s or Ph.D.
program. This assistance will be provided for two years for Master’s students and four
years for Ph.D. students.
American University - The Kogod School of Business
A scholarship of 50% for up to two years or four consecutive semesters for students
admitted into the MBA program. In collaboration with American University’s School
of International Service, students registered in the combined M.A./MBA program will
receive three semesters of finance. Additionally, Master’s students in the KSB will be
eligible to receive Partial Merit Scholarships for up to two semesters, depending on the
availability of additional funds. This assistance will not exceed 25% of tuition fees.
Center for International Development - Duke University
Discount of 20% on tuition fees for all COLFUTURO beneficiaries admitted into the
Program in International Development Policy.
Center for Latin American Studies - University of Florida
Thanks to the agreement
signed with Colciencias,
the students selected by the
Foundation have assistance
guaranteed until 2017.
COLFUTURO beneficiaries admitted into the Master of Sustainable Development
Practice (MDP) and the Master of Latin American Studies (Malas) will receive a discount
of approximately 60% on tuition fees, as they will pay the fees for students of the state
of Florida.
Beneficiaries 2014
31
Agreements
Columbia University - SIPA
Partial scholarships for a limited number of COLFUTURO beneficiaries admitted into the
MPA (Master of Public Administration).
Duke University - Center for International Development
Discount of 20% on tuition fees for all COLFUTURO beneficiaries admitted into the
Program in International Development Policy.
Heinz College - Carnegie Mellon University
Discount of 75% on tuition fees for up to six COLFUTURO beneficiaries. The assistance
will be provided for three semesters for the Master of Information Science Management
(MISM) program, and for four semesters for all other programs at Heinz College.
Nicolai Alexánder Jiménez Becerra
Bogotá
Aeronautical Engineer
Beneficiary 2010
Master’s in Aerospace Mechanics and Avionics
Institut Supérieur de l’Aéronautique et de
l’Espace
Johnson School of Management - Cornell University
Scholarship of at least USD $5,000 over a period of two years for two COLFUTURO
beneficiaries admitted into Master’s programs.
New York Film Academy
NYFA offers a scholarship of USD $10,000 on tuition fees for each year of study for
all COLFUTURO beneficiaries in the MFA in Filmmaking, Acting for Film, Producing,
Screenwriting, Photography, Documentary, Cinematography, and Game Design; or MA of
Arts in Filmmaking & Media Production programs.
NYU (New York University) - NYU Polytechnic School of Engineering
NYU Polytechnic School of Engineering offers scholarships which include a 40% discount
on tuition fees and assistance of USD $2,000 for 200 hours of work to 25 COLFUTURO
beneficiaries admitted into this faculty’s programs.
Ohio State University - Fisher School of Business
A discount of 50% on tuition fees for up to four COLFUTURO beneficiaries admitted into
the MBA program.
Ohio State University - Moritz College of Law
A discount of 50% on tuition fees for up to four COLFUTURO beneficiaries admitted into
the LL.M. program.
32
Agreements
Purdue College of Engineering - Purdue University
Financial assistance for up to ten students admitted into postgraduate (M.A. or Ph.D.)
programs for their first two years, depending on the university’s funds and the availability of
work for monitors or research/teaching assistants. Financial assistance is offered to Ph.D.
students from third year onwards for tuition fees, health insurance and living expenses.
Purdue University - The Krannert School of Management
Scholarship covering up to 50% of first year tuition fees for a maximum of four
COLFUTURO beneficiaries in MBA programs.
School of Business - George Washington University
Scholarship covering at least USD $40,000 of tuition fees for up to five COLFUTURO
beneficiaries admitted into the Global MBA program (duration 21 months).
Tulane University - Freeman School of Business
Discount of 50% on MBA (assistance for one year) and Master of Finance and Accounting
(assistance for two years).
University of Southern California
Discount of 50% on tuition fees for one beneficiary admitted into the Master of Science
in Engineering and one beneficiary admitted into the Master of Arts Communication
Management, Public Diplomacy, Public Relations, and Journalism. One beneficiary
admitted into the Master of Architecture, Landscape, Building and Heritage
Conservation will receive a 35% discount. And a scholarship of USD $10,000 will be
awarded to three beneficiaries admitted into the Master of Public Administration, Public
Policy, Planning, Health Administration and Real Estate Development.
Ana Cristina Niño Gómez
United Kingdom
Antioquia
Economist
Beneficiary 2010
Institute of Education - University of London
Master’s in Financial Management
Discount of 50% on tuition fees for a period of one year for four students admitted into
Erasmus University Rotterdam
Master’s programs.
Discount of 20% on tuition fees for eligible students in all Master’s programs.
Beneficiaries 2014
33
Agreements
London School of Economics and Political Science (LSE)
Discount of 20% on tuition fees for all programs. Additionally, one 100% scholarship will
be awarded annually for a student from COLFUTURO’s Talent Recruitment Program.
Manchester Business School - University of Manchester
Discount of 25% on tuition fees for all Master’s programs for COLFUTURO beneficiaries
(one year of support for Master’s and three years for M.Phil./Ph.D.).
The University of Sheffield
Discount of 10% on tuition fees for all COLFUTURO beneficiaries, and two GBP £7,000
scholarships for two students admitted into the faculties of Arts and Humanities,
Sciences, Engineering, Medicine, Dentistry and Health, and Social Sciences.
University College London (UCL)
Discount of 25% for all Master’s programs. Additionally, one annual 100% scholarship will
be awarded to a student from COLFUTURO’s Talent Recruitment Program.
University of Bath
Discount of 15% on tuition fees for Master’s programs and 25% for M.Phil./Ph.D. programs.
University of Glasgow
Discount of 10% on all Master’s studies for a period of one year and 15% on Ph.D. studies
for a period of three years.
University of Leeds
Discount of 20% on tuition fees for COLFUTURO beneficiaries admitted into Master’s programs
offered by the Faculty of Engineering. A 50% discount on tuition fees will also be awarded to
three COLFUTURO beneficiaries admitted into the M.Sc. in Computing, M.Sc. in Electronics
and Electrical Engineering, and M.Sc. in Water Hygiene and Sanitation Engineering programs.
University of Leicester
Discount of 50% on tuition fees for two students and 20% for all other COLFUTURO
beneficiaries admitted into Master’s programs.
34
Agreements
University of Nottingham
Discount of 10% on tuition fees for all Master’s programs and two GBP £5,000
scholarships covering tuition fees for two students selected by the university.
University of Warwick
Discount of 20% for all Master’s programs (except MBA).
The Netherlands
Erasmus University Rotterdam - Medical Center
Discount of 60% on tuition fees for two COLFUTURO beneficiaries admitted into the
M.Sc. in Health Sciences program, including all specializations: Epidemiology, Clinical
Epidemiology, Genetic Epidemiology, Public Health.
Unesco - IHE, Institute for Water Education
Scholarship of USD $25,000 for up to four COLFUTURO beneficiaries admitted into the
M.Sc. in Municipal Water and Infrastructure (Specialization in Sanitary Engineering).
University of Groningen
Ángela Viviana Pinzón Pérez
Discount of 30-50% on tuition fees for specific programs in the following faculties:
Bogotá
Arts, Behavioural & Social Sciences, Economics & Business, Law, Medical Sciences,
Lawyer
Mathematics & Natural Sciences, and Theology & Religious Studies, as well as a 30%
discount on tuition fees for programs in the Faculty of Economics & Business. For
Beneficiary 2012
Environmental Law
Queen Mary
financial assistance in Ph.D. studies, each case will be assessed individually.
Universiteit Van Tilburg
Discount of at least 30% for all students admitted into Master’s programs whose tuition
fees are greater than EUR €10,000. For the M.Sc. program, support will be provided for
one year, and for the Research Master’s, two years.
Beneficiaries 2014
35
Selection Process
CANDIDATE APPLICATION
Those candidates who have filled out the
application on line will enter the selection process.
A COMPETITIVE PROCESS
Because there are more candidates
than people that we can offer support.
The online form must
be filled out completely.
MAY
11
The required documents must
be uploaded within the
established dates.
Beginning
Proof of second language proficiency is
exclusive. This means that if it is not submitted
the candidate is ruled out. However, submitting
more than two exams will not be an advantage
over those who submit only one.
2
3
LICATIO
GUAG
AN
E
7
N
APP
6
L
5
CUMEN
TS
DO
4
8
9
10
ADMINISTRATIVE
REVIEW
11
12
13
14
15
REQUIREMENTS
Those who do not meet any of the requirements
or fall below the cut line have the opportunity to
reapply the following year.
16
17
18
19
20
AREA COMMITTEES
21
22
23
24
25
26
27
28
29
30
Areas of Study
Management and Business
Architecture and Design
Arts
Environmental and
Agricultural Studies
Basic Sciences
Health Sciences
Political Science and
International Relations
Social Sciences
Law
Economics
Education
Engineering
The candidates are classified within each of the twelve
areas of study. A committee formed by five experts in
the specific area who hold a graduate degree abroad,
review the initial score COLFUTURO has given to the
candidate profile and the graduate program. Once
reviewed, the score is adjusted and the list is
reorganized in each area.
ANONYMOUS PROCESS
31
36
Formula
15%
5%
42 % Undergraduate GPA
38 % Program chosen
15 % Class rank
5 % Essay
38%
42%
100%
ASPECTS EVALUATED
BY COLFUTURO
Each item is assigned a
percentage and is given a
score from 1 to 5. Once
evaluated, the items are
weighted, and added to
obtain a final score.
JUNE
1
2
The GPA determines the candidate’s academic
excellence in his/her undergraduate studies.
The essay is graded by three
independent COLFUTURO judges.
The candidate’s place in the graduating class
is given a score from 1 to 5. Then it is
compared with the undergraduate GPA. If the
score of the place held is higher, it is used, and
if it is lower or nonexistent, the percentage is
distributed between the GPA, the program and
the essay.
3
4
5
The target program is a key element in the selection of
COLFUTURO beneficiaries. Based on the search of information on
rankings, publications and Web pages, among others, COLFUTURO
identifies the visibility of the graduate program at the international
level and gives it a score from 1-5.
5 TOP - Among the best in their area
4 Excellent at the national level and
5 First in his/her group
international visibility
2.5 In the middle of the group
3 Featured in universities at the national level
1 Very low or nonexistent
6
7
8
9
COLFUTURO
beneficiaries
selected are
above the
cut line.
10
11
12
13
1 Low quality, online partial or evening
14
RE-ORGANIZED LIST
BENEFICIA
RIE
CTED
E
L
S
SE
The final list is handed to the Board of Directors at COLFUTURO,
who, in turn, make a final review and depending on the budget
add or drop candidates in each area of studies.
15
16
17
18
ACADEMIC COMMITTEE
Groups of nine professionals who
have obtained a postgraduate
degree abroad. Their main function
is to make sure that the lists
provided by the Area Committees
(after applying the selection
criteria) are in order and then they
establish the cut line for each list.
List organized by area
19
20
21
22
23
24
26
27
S
OR
A decimal point in
any of the four scores
can decide whether
you are above or
under the cut line .
BO
A
25
OF DIRECT
RD
28
29
30
UNDER THE
CUT LINE
1
JULY
LIST OF CANDIDATES SELECTED
Published on COLFUTURO's Website
Beneficiaries 2014
37
Figures 2014
61 %
are from low to
medium income
groups
Average age of
26 to 29
49 %
are women
1,340 + 113
MASTER´S
DOCTORATES
1,453
candiadtes
selected
The number of beneficiaries
has increased substantially
since COLFUTURO was
created in 1992.
38
203
46
52
51
60
1992
1993
1994
1995
101
1996
1997
151
1998
119
96
1999
2000
133
2001
164
2002
31
DESTINATION
COUNTRIES
This year the United
Kingdom is the main
country of destination.
30
The participation of
candidates from cities
other than Bogotá has
remained constant.
DEPARTMENTS
IN COLOMBIA
82
2014 saw the most
people selected in
COLFUTURO’s history.
UNDERGRADUATE
UNIVERSITIES
OF ORIGIN
The participation of alumni
from Universidad Nacional
in the selection increased
in 2014.
1,453
1,111
1,027
928
990
856
573
190
2003
345
159
2004
121
130
2005
2006
2007
2008
2009
Beneficiaries 2014
2010
2011
2012
2013
2014
39
Amounts by Area 2014
(Figures in thousands of US Dollars)
MASTER´S
#
DOCTORATE
Amount
Avg.
#
TOTAL
Amount Avg.
#
Part.# Amount
CONTRIBUTIONS
Avg. Part.$ Colciencias COLFUTURO TOTAL
Engineering
251
9,277
37
17
680
40
268
18 %
9,957
37
20%
4,978
4,978
9,957
Administration
222
7,935
36
4
127
32
226
16 %
8,062
36
16%
2,047
6,015
8,062
Social Sciences
110
3,578
33
23
792
34
133
9%
4,370
33
9%
2,185
2,185
4,370
Architecture
131
4,674
36
4
143
36
135
9%
4,817
36
9%
2,409
2,409
4,817
Arts
116
4,259
37
6
222
37
122
8%
4,481
37
9%
2,241
2,241
4,481
Law
127
3,296
26
8
296
37
135
9%
3,592
27
7%
1,796
1,796
3,592
Poitical Sciences
109
4,175
38
5
211
42
114
8%
4,386
38
9%
2,193
2,193
4,386
79
2,831
36
13
506
39
92
6%
3,336
36
7%
1,668
1,668
3,336
Health Sciences
53
1,685
32
12
507
42
65
4%
2,192
34
4%
1,096
1,096
2,192
Basic Sciences
59
2,032
34
7
249
36
66
5%
2,281
35
4%
1,141
1,141
2,281
Economics
41
1,410
34
10
352
35
51
4%
1,762
35
3%
881
881
1,762
Education
42
1,354
32
4
196
49
46
3%
1,550
34
3%
775
775
1,550
TOTAL 1,340 $46,504
$35
$35 100%
23,410
113 $ 4,283
$38 1,453 100 % $ 50,786
Avg. = Average by candidate
Part. #. = Participation
USD 50 million
will be disbursed
over the next two
years.
Colciencias is
contributing
US $23 million.
40
27,377 50,786
92-02
Aplications
4,430
- Not closed
03
04
05
06
07
08
713
906
747
757
985
09
10
11
12
13
TOTAL
14
2,179 2,360 2,672 2,975 2,328 2,286 25,057
1.719
330
411
347
302
469
910
383
495
400
455
516
809 1,218 1,810 2,084 2,169 2,068 2,185 18,806
673
42
88
49
59
81
Moved to selection
3,541
341
407
351
396
435
- Not selected
2,365
151
248
230
266
90
163
212
616
914
935
1,176
190
159
121
130
345
573
856 1,027
928
990
164
20
23
14
13
46
74
124
145
103
175
1,012
170
136
107
117
299
499
732
882
825
815
- Rejected
Selected
- Withdrawn
Beneficiaries
961
73
550
150
588
167
242
Aplications received
- Rejected
Moved to selection
Selected
2013
244
260
127
120
6,251
2,115
736 1,068 1,643 1,842 1,925 1,941 2,065 16,691
Candidates selected vs. Candidates rejected
1992-2012
806
101
216
4,214
Received
Statistics 1992-2014
Candidates selected vs. Applications
2014
TOTAL
14,553
100 %
2,068
100 %
2,286
100 %
18,907
100 %
1,868
13 %
127
6%
101
4%
2,096
11 %
12,685
87 %
1,941
94 %
2,185
96 %
16,811
89 %
6,495
45 %
1,112
54 %
1,453
64 %
9,060
48 %
612
7,631
1,112 1,453
9,060
226
-
1,127
886
-
6,480
829
In 2014,
COLFUTURO
selected the
largest number
of students in
its history.
The increase in
the number of
people selected
allows a higher
selection rate.
Type of program
1992-2012
Doctorate
+ Master to Doctorate
896
2013
156
2014
113
TOTAL
1.165
13 %
435
-
-
435
5%
Total Doctorates
1,331
156
113
1,600
18 %
+ Master
5.164
956
1.340
7.460
82 %
Selected
6,495
1,112
1,453
9,060
100 %
Beneficiaries 2014
COLFUTURO
has assisted
1,600 people to
undertake Ph.D.
studies.
41
Country of Destination
1992-2012
51 % of COLFUTURO
beneficiaries have
selected the United
States and the United
Kingdom as their
destinations.
2013
%
2014
%
TOTAL
%
United States
2,057
32 %
242
22%
334
23 %
2,633
29 %
United Kingdom
1,417
22 %
261
23 %
347
24 %
2,025
22 %
France
492
8%
127
11 %
161
11 %
780
9%
Germany
399
6%
133
12 %
192
13 %
724
8%
Spain
507
8%
63
6%
93
6%
663
7%
5%
Netherlands
370
6%
59
5%
61
4%
490
Italy
327
5%
60
5%
85
6%
472
5%
Australia
296
5%
41
4%
64
4%
401
4%
Canada
189
3%
28
3%
17
1%
234
3%
Brazil
72
1%
24
2%
20
1%
116
1%
Sweden
80
1%
7
1%
7
0%
94
1%
Belgium
65
1%
11
1%
16
1%
92
1%
Switzerland
53
1%
7
1%
8
1%
68
1%
Mexico
45
1%
4
0%
3
0%
52
1%
Denmark
10
0%
9
1%
4
0%
23
0%
Singapore
11
0%
4
0%
8
1%
23
0%
China
14
0%
4
0%
1
0%
19
0%
Chile
12
0%
4
0%
3
0%
19
0%
Argentina
15
0%
-
-
1
0%
16
0%
Costa Rica
14
0%
1
0%
1
0%
16
0%
8
0%
4
0%
4
0%
16
0%
New Zealand
8
0%
3
0%
5
0%
16
0%
Austria
8
0%
1
0%
1
0%
10
0%
Norway
2
0%
4
0%
4
0%
10
0%
Finland
Czech Republic
1
0%
2
0%
5
0%
8
0%
Russia
5
0%
-
-
2
0%
7
0%
Portugal
0
0%
3
0%
2
0%
5
0%
Hungary
3
0%
-
-
1
0%
4
0%
Israel
3
0%
-
-
-
-
3
0%
Japan
1
0%
2
0%
-
-
3
0%
Cuba
1
0%
-
-
-
-
1
0%
Egypt
0
0%
1
0%
-
-
1
0%
United Arab Emirates
0
0%
1
0%
-
-
1
0%
Iceland
0
0%
1
0%
-
-
1
0%
Malaysia
1
0%
-
-
-
-
1
0%
Monaco
1
0%
-
-
-
-
1
0%
Puerto Rico
-
-
1
0%
-
-
1
0%
Bosnia - Herzegovina
-
-
-
0%
1
0%
1
0%
Poland
-
-
-
-
1
0%
1
0%
South Africa
-
-
-
-
1
0%
1
0%
Other
8
0%
-
-
-
-
8
0%
6,487
100 %
1,112
100 %
1,453
100 %
9,060
100 %
TOTAL
42
%
2000
2014
Candidates
Selected
%
United Kingdom
58
25
26 %
United States
Conv.
Candidates
Selected
%
Conv.
43%
458
347
24 %
76 %
80 %
85
51
53 %
60%
417
334
23 %
Germany
1
1
1%
100%
260
192
13 %
74 %
France
6
2
2%
33%
227
161
11 %
71 %
Spain
22
3
3%
14%
244
93
6%
38 %
55 %
Italy
Australia
Netherlands
1
-
-
-
154
85
6%
10
3
1%
30%
136
64
4%
47 %
4
1
3%
25%
83
61
4%
73 %
2
-
10 %
-
33
20
1%
61 %
Canada
13
10
-
77%
26
17
1%
65 %
Belgium
1
-
-
-
19
16
1%
84 %
Singapore
-
-
-
-
8
8
1%
100 %
Sweden
2
-
-
-
15
8
1%
53 %
Switzerland
1
-
-
-
10
7
0%
70 %
New Zealand
-
-
-
-
5
5
0%
Czech Republic
-
-
-
-
7
5
0%
71 %
Denmark
-
-
-
-
6
4
0%
67 %
Finland
-
-
-
-
6
4
0%
67 %
Norway
-
-
-
-
8
4
0%
50 %
Chile
1
-
-
-
12
3
0%
25 %
Mexico
1
-
-
-
9
3
0%
33 %
Portugal
-
-
-
-
3
2
0%
67 %
Russia
1
-
-
-
4
2
0%
50 %
Argentina
-
-
-
-
12
1
0%
8%
Austria
-
-
-
-
1
1
0%
100 %
Bosnia - Herzegovina
-
-
-
-
1
1
0%
100 %
China
-
-
-
-
1
1
0%
100 %
Costa Rica
-
-
-
-
7
1
0%
14 %
Hungary
-
-
-
-
1
1
0%
100 %
Poland
-
-
-
-
1
1
0%
100 %
South Africa
-
-
-
-
1
1
0%
100 %
Colombia
-
-
-
-
3
-
-
-
Cuba
2
-
-
-
1
-
-
Ecuador
-
-
-
-
1
-
-
-
Egypt
-
-
-
-
1
-
-
-
United Arab Emirates
-
-
-
-
1
-
-
-
Monaco
-
-
-
-
1
-
-
-
Puerto Rico
-
-
-
-
1
-
-
Uruguay
-
-
-
1
-
-
-
211
96
45%
2,185
1,453
100 %
66 %
Brazil
TOTAL
100 %
For the second
year, the leading
destination for
COLFUTURO
beneficiaries is the
United Kingdom.
Selection rate by country of destination
100 %
The number of
beneficiaries
choosing
Germany rose
from 1 in 2000
to 192 in 2014.
The number of
beneficiaries
choosing France
rose from 2 in
2000 to 161
in 2014.
-
Conv. = Conversion
Beneficiaries 2014
43
University of destination
Country
COLFUTURO
beneficiaries
undertake their
Master’s and Ph.D.
studies in the world’s
best universities.
2014
TOTAL
United Kingdom
257
36
293
Columbia University
United States
218
32
250
New York University
United States
179
34
213
Politecnico di Milano
Italy
174
30
204
Politecnico di Torino
Italy
143
31
174
University College London (UCL)
United Kingdom
124
41
165
Harvard University
United States
145
13
158
University of California
United States
98
20
118
Bauhaus Universität Weimar
Germany
114
2
116
Georgetown University
United States
106
10
116
University of Melbourne
Australia
92
24
116
Instituto de Empresa (IE)
Spain
99
13
112
Universidad de Barcelona
Spain
86
13
99
Technische Universität München (TUM)
Germany
68
30
98
University of Manchester
United Kingdom
84
11
95
Erasmus University Rotterdam
Netherlands
80
10
90
TU Delft - Delft University of Technology
Netherlands
73
11
84
Universidad Autónoma de Barcelona
Spain
60
17
77
United Kingdom
50
22
72
University of Oxford
United Kingdom
53
12
65
Massachusetts Institute of Technology (MIT)
United States
57
7
64
University of Chicago
United States
52
10
62
University of Texas
United States
59
3
62
University of Warwick
United Kingdom
55
7
62
Université Panthéon-Sorbonne Paris I
France
39
19
58
Imperial College London
United Kingdom
47
9
56
Carnegie Mellon University
United States
46
9
55
McGill University
Canada
53
1
54
Queen Mary
United Kingdom
40
13
53
Northwestern University
United States
39
9
48
The New School
United States
42
6
48
Tilburg University
Netherlands
38
10
48
Universität Stuttgart
Germany
36
12
48
University of Illinois
United States
47
1
48
University of Sydney
Australia
41
7
48
University of Edinburgh
United Kingdom
38
9
47
London Business School
United Kingdom
38
7
45
Cornell University
United States
39
3
42
École des Hautes Etudes en Sciences Sociales (Ehess)
France
39
3
42
University of The Arts London
United Kingdom
37
5
42
Sciences Po
France
29
12
41
University of Pennsylvania
United States
35
6
41
City University London
United Kingdom
36
4
40
University of Bath
United Kingdom
Other
TOTAL
44
1992-2013
London School of Economics & Political Science (LSE)
33
7
40
4,289
862
5,151
7,607
1,453
9,060
1992-2013
M
D
2014
TOTAL
%
M
D
TOTAL
TOTAL
%
M
D
TOTAL
%
Engineering
1,282
230
1,512
20 %
251
17
268
18 %
1,533
247
1,780
20 %
Administration
1,192
35
1,227
16 %
222
4
226
16 %
1,414
39
1,453
16 %
Law
637
39
676
9%
127
8
135
9%
764
47
811
9%
Architecture
524
28
552
7%
131
4
135
9%
655
32
687
8%
Social Sciences
601
201
802
11 %
110
23
133
9%
711
224
935
10 %
Arts
486
37
523
7%
116
6
122
8%
602
43
645
7%
Political Sciences
533
49
582
8%
109
5
114
8%
642
54
696
8%
349
91
440
6%
79
13
92
6%
428
104
532
6%
Basic Sciences
284
119
403
5%
59
7
66
5%
343
126
469
5%
Health Sciences
262
68
330
4%
53
12
65
4%
315
80
395
4%
Economics
244
90
334
4%
41
10
51
4%
285
100
385
4%
Education
161
65
226
3%
42
4
46
3%
203
69
272
3%
6,555
1,052
7,607
100 %
1,340
113
1,453
100 %
7,895
1,165
9,060
100 %
TOTAL
Engineering
is the area that
has experienced the
most growth and
that has assisted
the most
students.
Selection rate by field of study
2000
Candidates
Selected
2014
Conversion
Selected
Conversion
457
268
59 %
44 %
424
226
53 %
50 %
190
135
71 %
7
50 %
204
135
66 %
5
19 %
215
133
62 %
12
8
67 %
160
122
76 %
78 %
Engineering
18
11
61 %
Administration
66
29
Law
16
8
Architecture
14
Social Sciences
26
Arts
Political Sciences
Candidates
12
11
92 %
146
114
6
1
17 %
101
92
91 %
Basic Sciences
8
4
50 %
81
66
81 %
Health Sciences
82 %
14
3
21 %
79
65
Economics
8
4
50 %
76
51
67 %
Education
11
5
45 %
52
46
88 %
211
96
45 %
2,185
1,453
66 %
TOTAL
Field of study
Beneficiaries 2014
In 2014 the most
competitive
area was
Administration,
followed by
Engineering.
45
Region of origin
1992-2012
#
#
%
#
%
#
%
54 %
566
51 %
777
53 %
4,868
54 %
Antioquia
802
12 %
148
13 %
178
12 %
1,128
12 %
Valle
474
7%
87
8%
104
7%
665
7%
Santander
350
5%
61
5%
53
4%
464
5%
Atlántico
184
3%
38
3%
40
3%
262
3%
Boyacá
120
2%
23
2%
36
2%
179
2%
Bolívar
98
2%
17
2%
34
2%
149
2%
Caldas
118
2%
28
3%
33
2%
179
2%
Tolima
80
1%
18
2%
21
1%
119
1%
Nariño
76
1%
11
1%
21
1%
108
1%
Cundinamarca
92
1%
13
1%
20
1%
125
1%
N. de Santander
79
1%
9
1%
20
1%
108
1%
Quindío
45
1%
10
1%
16
1%
71
1%
Huila
43
1%
11
1%
13
1%
67
1%
Córdoba
36
1%
8
1%
12
1%
56
1%
Risaralda
58
1%
10
1%
11
1%
79
1%
Cauca
74
1%
9
1%
11
1%
94
1%
Meta
31
0%
5
0%
4
0%
40
0%
Cesar
12
0%
4
0%
4
0%
20
0%
Magdalena
24
0%
3
0%
4
0%
31
0%
Sucre
18
0%
2
0%
4
0%
24
0%
La Guajira
9
0%
1
0%
4
0%
14
0%
Arauca
1
0%
0
0%
3
0%
4
0%
Chocó
7
0%
4
0%
1
0%
12
0%
Putumayo
0
0%
1
0%
1
0%
2
0%
San Andrés
13
0%
0
0%
1
0%
14
0%
126
2%
25
2%
27
2%
178
2%
6,495
100 %
1,112
100 %
1,453
100 %
9,060
100 %
Other
TOTAL
46
%
TOTAL
3,525
Bogotá
More than half the
beneficiaries were born
in Bogotá. The majority
of the country’s
professionals graduate
from the capital.
2014
2013
1992-2012
#
2013
2014
TOTAL
%
#
%
#
%
1,757
27 %
261
23 %
337
23 %
2,355
Varias
985
15 %
182
16 %
202
14 %
1,369
15 %
Varias
969
15 %
146
13 %
176
12 %
1,291
14 %
Rosario
Bogotá
183
3%
42
4%
82
6%
307
3%
Externado
Bogotá
261
4%
28
3%
54
4%
343
4%
Eafit
Medellín
183
3%
26
2%
51
4%
260
3%
Antioquia
Medellín
198
3%
50
4%
47
3%
295
3%
UPB
Medellín
129
2%
21
2%
32
2%
182
2%
UIS
Bucaramanga
187
3%
23
2%
31
2%
241
3%
Esc. de Ing. de Antioquia
Medellín
102
2%
15
1%
29
2%
146
2%
Del Norte
Barranquilla
85
1%
23
2%
26
2%
134
1%
Del Valle
Cali
150
2%
26
2%
23
2%
199
2%
Jorge Tadeo Lozano
Varias
77
1%
17
2%
20
1%
114
1%
Sabana
Bogotá
57
1%
8
1%
17
1%
82
1%
Distrital
Bogotá
62
1%
15
1%
16
1%
93
1%
Icesi
Cali
17
0%
19
2%
16
1%
52
1%
La Salle
Bogotá
45
1%
12
1%
11
1%
68
1%
Autónoma
Varias
19
0%
7
1%
10
1%
36
0%
CESA
Bogotá
41
1%
6
1%
9
1%
56
1%
San Buenaventura
Varias
44
1%
11
1%
9
1%
64
1%
Esc. Naval Almirante P.
Cartagena
18
0%
6
1%
8
1%
32
0%
Cauca
Popayán
35
1%
5
0%
7
0%
47
1%
Esc. Col. de Ingeniería
Bogotá
39
1%
12
1%
7
0%
58
1%
Libre
Varias
17
0%
5
0%
7
0%
29
0%
Santo Tomás
Varias
40
1%
5
0%
7
0%
52
1%
Tecnológica de Pereira
Pereira
29
0%
5
0%
6
0%
40
0%
América
Bogotá
45
1%
2
0%
5
0%
52
1%
Del Atlántico
Barranquilla
9
0%
4
0%
5
0%
18
0%
UNAB
Bucaramanga
21
0%
8
1%
5
0%
34
0%
Pedagógica Nacional
Bogotá
21
0%
3
0%
4
0%
28
0%
Caldas
Manizales
28
0%
9
1%
3
0%
40
0%
CES
Medellín
20
0%
2
0%
2
0%
24
0%
Central
Bogotá
5
0%
6
1%
1
0%
12
0%
Esc. Col. de Medicina
Bogotá
6
0%
0
0%
0
0%
6
0%
Others Inst. in Colombia
Various
398
6%
67
6%
136
9%
601
7%
Institutions Abroad
Various
213
3%
35
3%
52
4%
300
3%
6,495
100 %
1,112
100 %
1,453
100 %
9,060
100 %
Andes
Bogotá
Nacional
Javeriana
TOTAL
Beneficiaries 2014
#
%
26 %
Undergraduate Institution
23% of people
selected are
graduates
from public
universities.
47
As the number
of people selected has
increased, the number
of graduates from
universities in Medellin
has doubled.
City of undergraduate institution
1992-2002
Bogotá
2003-2013
948
81 %
Medellín
79
Cali
37
Bucaramanga
Barranquilla
2014
69 %
984
68 %
6,352
70 %
7%
737
11 %
193
13 %
1,009
11 %
3%
330
5%
73
5%
440
5%
31
3%
232
4%
41
3%
304
3%
14
1%
120
2%
34
2%
168
2%
Manizales
5
0%
68
1%
20
1%
93
1%
Cartagena
7
1%
51
1%
18
1%
76
1%
Popayán
8
1%
32
0%
8
1%
48
1%
Pereira
4
0%
34
1%
6
0%
44
0%
43
4%
407
6%
76
5%
526
6%
1,176
100 %
6,431
100 %
1,453
100 %
9,060
100 %
Other cities
TOTAL
56% of people
selected are
from mediumincome groups.
Socio-economic level
2007-2013
#
1
48
TOTAL
4,420
104
%
2014
∑
2%
#
2%
%
12
∑
1%
1%
2
189
3%
5%
65
4%
5%
3
1,093
19 %
24 %
305
21 %
29 %
4
1,993
34 %
58 %
513
35 %
61 %
5
1,280
22 %
80 %
298
21 %
83 %
6
1,162
20 %
100 %
260
18 %
100 %
TOTAL
5,821
100 %
1,453
100 %
The number of
beneficiaries aged
from 19 to 25 has
more than doubled
between 2000
and 2014.
Age
2000
2014
Selected
%
Candidates
Selected
%
Conversion
19 - 25
13
14 %
624
430
30 %
26 - 30
60
63 %
1088
732
50 %
67 %
31 - 35
18
19 %
346
215
15 %
62 %
36 - 40
4
4%
90
54
4%
60 %
41 - 45
1
1%
28
16
1%
57 %
45 +
-
0%
9
6
0%
67 %
96
100 %
2,185
1,453
100 %
66 %
TOTAL
In 2014,
COLFUTURO selected
an almost equal
number of men
and women.
69 %
Gender
1992-2013
#
2014
%
#
TOTAL
%
#
%
Men
4,101
54 %
737
51 %
4,838
53 %
Women
3,506
46 %
716
49%
4,222
47 %
7,607
100 %
1,453
100 %
9,060
100 %
TOTAL
Beneficiaries 2014
49
As of September,
COLFUTURO will have
around 3,896 students.
in various countries in
the world.
Status of Beneficiaries
92-03
04
05
06
07
08
09
11
12
1,366
159
121
130
345
573
184
23
14
13
46
74
856 1,027
928
990 1,112 1,453
9,060
124
145
103
175
226
ND
1,127
1,182
136
107
117
299
499
732
882
825
815
886
ND
6,480
Regular Period of Study
-
-
-
-
Extraordinary Period of Study
-
-
-
-
-
-
1
-
20
447
860
-
1,328
20.49
-
-
-
-
9
12
1
-
22
Period of Doctorate Studies
-
1
1
0.34
-
19
64
109
120
151
23
7
-
495
7.64
Suspended
-
-
Extraordinary Grace Period
-
-
-
-
-
1
-
-
-
-
2
-
3
0.05
-
-
-
-
-
1
1
3
-
-
5
0.08
Total Currently Studying
-
1
1
-
19
65
110
121
181
485
870
-
Regular Grace Period in Colombia
Regular Grace Period for Return to Colombia
-
-
-
-
-
-
8
12
143
194
-
-
357
5.51
-
-
-
-
-
-
3
4
32
22
3
-
64
0.99
Extraordinary Period of Study
-
-
-
-
-
-
1
5
67
61
-
-
134
2.07
Total Grace Periods
-
-
-
-
-
5
15
35
252
280
3
-
590
9.10
Regular Residence Amortization Period
9
13
8
10
33
44
57
43
35
2
-
-
254
3.92
Regular Amortization Period
5
3
6
12
47
162
301
458
254
24
-
-
1,272
19.63
Accelerated Amortization Period
3
-
2
3
14
16
59
131
59
10
-
-
297
4.58
Accelerated Amortization Period in Colombia
-
-
1
-
1
1
-
2
7
-
-
-
12
0.19
Portfolio Grace Period
-
-
-
-
-
-
-
-
-
-
-
-
0
0.00
0
0.00
Selected
- Withdrawn without legalizing
Beneficiaries
10
13
14
TOTAL
%
Currently Studying
1,853 28.52
Grace periods
In Amortization Period
Suspended Residence
-
-
-
-
-
-
-
-
-
-
-
-
Total Amortization Period
17
16
17
25
95
223
417
634
355
36
-
-
1,835 28.32
1,422
Cancelled
Cancelled in Colombia
910
93
57
71
100
109
72
10
-
-
-
-
Cancelled Abroad
224
23
29
20
75
88
105
73
26
7
8
-
1,134
116
86
91
175
197
177
83
26
7
8
-
Withdrawn
18
3
3
-
8
7
8
7
10
7
5
-
76
1.17
Total Withdrawn
18
3
3
-
8
7
8
7
10
7
5
-
76
1.17
0.08
Total Cancelled
21.94
678 10.46
2,100
32.41
Withdrawn
Legal
Pre-judicial Colombia
-
-
-
1
1
2
1
-
-
-
-
-
5
Pre-judicial Abroad
1
-
-
-
1
-
4
2
1
-
-
-
9
0.14
Penalized
6
-
-
-
-
-
-
-
-
-
-
-
6
0.09
Reconciled
2
-
-
-
-
-
-
-
-
-
-
-
2
0.03
Legal
1
-
-
-
-
-
-
-
-
-
-
-
1
0.02
Legal Cancelled
3
-
-
-
-
-
-
-
-
-
-
-
3
0.05
13
-
-
1
2
2
5
2
1
-
-
-
26
0.40
1,182
136
107
117
299
499
732
882
825
815
886
ND
6,480
100
Total Legal
TOTAL
50
Since its
inception in 1991,
COLFUTURO has
only penalized 6
cases for failure
to pay.
92-03
04
05
06
07
08
09
10
11
12
13
TOTAL
%
110
121
181
485
870
1,853
28.60
Currently Studying or have returned
Currently Studying
-
1
1
-
19
Placement Training Abroad
-
-
-
-
-
-
1
5
67
61
-
134
2.07
Practice Period Abroad
-
-
-
-
-
5
3
14
10
3
-
35
0.54
-
1
1
-
19
70
114
140
258
549
870
2,022
31.20
Total abroad within Regulations
65
Return to Colombia
Finished and returned
Grace period in Colombia
-
-
-
-
-
-
11
16
175
216
3
421
6.50
Amortization in Colombia
14
16
14
22
80
206
358
501
289
26
-
1,526
23.55
Reconciled Legal
Cancelled in Colombia
Withdrawals
2
-
-
-
-
-
-
-
-
-
-
2
0.03
910
93
57
71
100
109
72
10
-
-
-
1,422
21.94
18
3
3
-
8
7
8
7
10
7
5
76
1.17
944
112
74
93
188
322
449
534
474
249
8
3,447
53.19
Accelerated amortization in Colombia
-
-
1
-
1
1
-
2
7
-
-
12
0.19
Penalized
6
-
-
-
-
-
-
-
-
-
-
6
0.09
Legal and pre-judicial
5
-
-
1
2
2
5
2
1
-
-
18
0.28
11
-
1
1
3
3
5
4
8
-
-
36
0.56
3
-
2
3
14
16
59
131
59
10
-
297
4.58
Total complying in Colombia
Total not complying in Colombia
Did not return
Accelerated amortization abroad
Cancelled abroad
224
23
29
20
75
88
105
73
26
7
8
678
10.46
Total that did not return to Colombia
227
23
31
23
89
104
164
204
85
17
8
975
15.05
Total beneficiaries
1,182
136
107
117
299
499
732
882
825
815
886
6,480
100
Rate of return to Colombia
81 %
83 %
71 %
80 %
68 %
76 %
73 %
73 %
85 %
94 %
Do not return
19 %
17 %
29 %
20 %
32 %
24 %
27 %
27 %
15 %
6%
22 %
100 % 100 % 100 % 100% 100 % 100 % 100 % 100 % 100 % 100 %
100 %
Total
78 %
Rate of return to Colombia 1992 to 2012
100
78 %
NOTE: The return rate to Colombia for 2013 is not estimated given that most of the beneficiaries are currently studying.
This table does not strictly reflect all recipients who have returned to the country,
but the beneficiaries who have returned within the dates stipulated by COLFUTURO
Although some of the beneficiaries do not comply with the return dates, many of them return at later dates.
78 %
of students have
returned to Colombia
on the date agreed
with COLFUTURO.
Do Not Return
No Return Rate = (Accelerated Amortization Period Abroad + Cancelled Abroad) / (Total Beneficiaries - (Studying + Practice Period Abroad + Extraordinary
Payment Grace Period + Accelerated Amortization Period in Colombia + Penalized + Reconciled Legal + Withdrawals + Legal))
Return Rate = 1 - No Return Rate
Beneficiaries 2014
51
www.colfuturo.org

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