Payment Facilities
Student loans from the Colombian Institute for Educational Loans and Technical Studies Abroad (ICETEX) (Créditos del Instituto Colombiano de Crédito Educativo y Estudios Técnicos en el Exterior -ICETEX-)
Date announced
3/23/2020
Start date
3/23/2020
End date
8/31/2022
Date of last update
5/31/2022
Description
Students with current student credits may request a relaxation of the terms and apply for grace periods until December 2020. Students from strata 1, 2 and 3 may request a decrease in the interests. New credits will be granted, without the need for co-debtor.
On May 3, 2021, a new 100% exemptible line of credit was opened, aimed at young people in vulnerable conditions and economically affected by the covid-19 pandemic. Applicants must be students currently enrolled in an education program for work and human development, be a maximum of 28 years old and be part of strata 1 and 2.
Official Sources
Ministerio de Educación Nacional (03-23-20). 'Decreto 467 de 2020' [https://dapre.presidencia.gov.co/normativa/normativa/DECRETO%20467%20DEL%2023%20DE%20MARZO%20DE%202020.pdf]
Función Pública (05-14-20). 'Decreto 662 de 2020'. [https://www.funcionpublica.gov.co/eva/gestornormativo/norma.php?i=122580].
Presidencia de la República (05-03-21). 'Gobierno abre nueva línea de crédito para jóvenes en condición vulnerable'. [https://idm.presidencia.gov.co/prensa/gobierno-abre-nueva-linea-de-credito-para-jovenes-en-condicion-vulnerable-210503].
Icetex (04-30-21). 'Abierta convocatoria para pago de matrículas a jóvenes colombianos en programas de Educación para el Trabajo'. [https://portal.icetex.gov.co/Portal/Home/prensa-icetex/2021/04/30/abierta-convocatoria-para-pago-de-matriculas-a-jovenes-colombianos-en-programas-de-educacion-para-el-trabajo].
Icetex (03-04-21). '130.000 beneficiados a pocos días de cumplirse un año del Plan de Auxilios Educativos ICETEX'. [https://portal.icetex.gov.co/Portal/Home/prensa-icetex/2021/03/04/pocos-d%C3%ADas-de-cumplirse-un-ano-del-plan-de-auxilios-educativos-icetex].
Presidencia de la República (02-04-21). “Más de 55.000 familias y 132.000 estudiantes han sido beneficiados por el Fondo Solidario para la Educación durante la pandemia”. [https://idm.presidencia.gov.co/prensa/mas-de-55000-familias-y-132000-estudiantes-han-sido-beneficiados-por-el-fon-210204].
ICETEX (05-13-20). 'Gobierno Nacional anuncia ampliación en tiempo y alcance del Plan de auxilios COVID 19 a usuarios de ICETEX (...)'. [https://portal.icetex.gov.co/Portal/Home/prensa/2020/05/14/gobierno-nacional-anuncia-ampliaci%C3%B3n-en-tiempo-y-alcance-del-plan-de-auxilios-covid-19-a-usuarios-de-icetex-y-beneficios-para-educaci%C3%B3n-superior].
Presidencia de la República (04-23-20). “Familias afectadas por pandemia de covid-19 podrán acceder a créditos de estudio el próximo semestre sin deudor solidario, anuncia el Icetex”. [https://id.presidencia.gov.co/Paginas/prensa/2020/Familias-afectadas-covid-19-podran-acceder-creditos-estudio-proximo-semestre-sin-deudor-solidario-Icetex-200423.aspx]
Presidencia de la República (03-10-22). “ICETEX otorga nuevos alivios para superar dificultades en pagos de créditos educativos”. [https://idm.presidencia.gov.co/prensa/Paginas/ICETEX-otorga-nuevos-alivios-para-superar-dificultades-en-pagos-de-creditos-220310.aspx]
Characteristics of the measure
Type of measure
Payment facilities (6)
Sphere
Containment of user spending (2) (5) (7)
Target population
Students with refundable credits (3) (8) (14)
Informed coverage
150,000 students (announced on June 1, 2021)
66,000
Delivery method
Cash or in-kind
Frequency / duration
Once
03-10-22: New measures are announced in 2022, following up on those of 2021.
Place of delivery
Home delivery
Recipient Registration System
Registros administrativos del ICETEX
Legal Framework
Decree 467, March 23 of 2020
Decree 662, May 14 of 2020
Responsible Institution
Ministry of Education (Mineducación); Student loans from the Colombian Institute for Educational Loans and Technical Studies Abroad (ICETEX) (Ministerio de Educación; Instituto Colombiano de Crédito Educativo y Estudios Técnicos en el Exterior)