education
Bogotá launches credit that finances all of university for young people and allows paying a part after graduating
The Atenea program offers accessible rates, grace period, and more flexible payment schemes. Photo: Tavier Trueba - Unsplahs
TL;DR
- Bogotá launches the Fondo Fest Atenea Te Respalda program to finance higher education.
- The program covers up to 100% of tuition fees, allowing payment of a portion after graduation.
- It offers two payment modalities: 60% during studies and 40% after, or 40% during studies and 60% after.
- Favorable conditions include accessible interest rates, a grace period of up to 12 months, and no capitalization of interest.
- The initiative is targeted at young people up to 28 years old who graduated from Bogotá high schools and are admitted or enrolled in partner universities.
- Participating institutions include prominent universities like Javeriana, Los Andes, and El Rosario.
- The program aims to reduce economic barriers and combat student dropout rates.