The Icetex support subsidy is an aid given by the national government to help students with personal expenses incurred by attending classes.
According to the entity, it is equivalent to $1,181,311 per semester, value that has an annual increase according to the Consumer Price Index (CPI).
“The support subsidy is granted to beneficiaries of educational credit, after validating compliance with the requirements, at the time of granting the credit. ICETEX consults the document registered by the student in the official databases (National Planning Department, Ministry of the Interior, Social Prosperity and Red Unidos). The allocation of the support subsidy is subject to budget availability,” he stressed.
What are the requirements?
Be eligible for an undergraduate credit in one of the following lines:
-You Choose 25% with subsidized rate
-More Colombian than ever 10%
-Alliances, Constitutional Protection,
-Covid-19 Guarantee Fund Line
-Talent in my Territory Financing Line 0% and 10%
Be registered in version IV of Sisbén in the following classification groups: A, B, up to C7.
How do you know if you are a beneficiary?
Once the credit has been approved (subject to verification of requirements), you must check on the Icetex website to see if you are eligible for this subsidy.
The student must have an active bank account in his/her own name. Icetex will pay the support subsidy into this account (if applicable and according to the chosen credit line).
Deadline for claiming the subsidy
Icetex stated that once the student has been notified that he or she met the conditions at the time of the award and the information on the generation of the subsidy payment method is published on the website, the student will have a maximum period of four months to claim and activate it. After this time, if the student does not claim the payment method, it will be understood as a withdrawal by the beneficiary of the subsidy for that semester.
