More than US$2 million in remittances have left Colombia for educational purposes

More than US$2 million in remittances have left Colombia for educational purposes
More than US$2 million in remittances have left Colombia for educational purposes

Globalization and the search for better opportunities have caused a growth in student migration, data supported by figures from the Ministry of Education, which ensure that in Colombia the number of students have emigrated abroad to continue their studies has increased by 35% in the last five years; Places like Canada, the United States and Australia are the busiest destinations.

This phenomenon is driven by high-quality educational programs that attract young people in search of better opportunities.

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In this context, sending remittances is presented as an economic engine that plays a crucial role in the maintenance of young people who decide to emigrate abroad, since these are key to covering their basic needs such as food, transportation, housing and other associated expenses. such as tuition and academic materials.

According to data from the fintech Global66, in just the first three months of 2024 more than US$ 18 million left the country in remittances, of which approximately more than US$ 2 million are allocated for education.

Read: ‘Colombia, the third destination for remittances in the region’

Said money sent by Colombians abroad represents greater utility at this time of year, when universities around the world begin registration for new students, formalize the enrollment of former students and begin the processes of exchanges and scholarships for undergraduates, specializations, master’s degrees and language courses.

“At Global66 we highlight the importance of remittances for the economy of the country’s families and the future of young people. Sending this money represents an opportunity to get ahead, obtain professional titles, and be global citizens, with Bogotá, Medellín and Barranquilla being the main cities that allocate these sums of money sent abroad for educational purposes,” says Santiago Mejía, Country Manager of Global66 Colombia.

HOLMAN RODRÍGUEZ MARTÍNEZ

 
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