Students who are offered a place for full-time graduate studies at the RCHM-UCF and who are selected as beneficiaries of the Loan-Scholarship Program of COLFUTURO will be eligible or considered for the shared financing under this agreement.

The RCHM-UCF will provide a Latin American and Caribbean Scholarship (LACs) to two (2) eligible students per year, which equates to approximately 50 % of the Out-of-State Tuition Rate ($39,403.65 at current tuition rates) for each student (approximate tuition cost with LAC scholarship - $19,618.05).

The RCHM-UCF will offer this financial support for Master's students for a period of one year as they complete their intensive 12-month Master's program.