The scholarship fund will have an allocation of up to $ 60 million
Posted On 29 Mar 2016
State funding for universities is viewed from different angles by the government itself.
President Rafael Correa warned he would reduce the allocation for two colleges: the Universidad Andina Simon Bolivar and the Latin American Faculty of Social Sciences (FLACSO). He also said that there will be a single scholarship fund, managed by the government, for institutions that co-financed by the State. The announcement came out of last Saturday.
While the Secretary of Higher Education, Science, Innovation and Technology, Rene Ramirez, said: assignments will not be reduced, but “these will be distributed more efficiently. A scholarship fund of 50 or 60 million dollars will be created.” He explained this to media in Guayaquil.