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Tertiary Education Financing Prize: Awarding at least USD 250,000 each

Tertiary Education Financing Prize: Awarding at least USD 250,000 each

Deadline: 24-Oct-22

UBS Optimus Foundation is therefore working with Convergence to launch this Tertiary Education Financing Prize to identify successful student financing solutions that can help more young people enter tertiary education, and thereby drive improved education outcomes as well as increased youth employment.

Education has long been recognized as a driver of multiple development benefits including reduced poverty, improved health, increased gender equality, and greater peace and stability. Tertiary education, including higher education and vocational training, in particular, delivers societal as well as individual benefits, such as inclusive growth, increased employment, higher tax revenues and greater resilience to economic shocks. As access to primary and secondary education increases, and youth populations expand, low- and lower-middle-income countries face intensified demand for high-quality, cost-effective tertiary education that meets labour market needs and boosts employment of young people.

Access to tertiary education, however, remains largely out of reach for low-income students in low- and lower-middle-income countries. Government funding and scholarships are limited, and private financing options are scarce.

Funding Information

This initiative will identify, evaluate, and select the best student financing solutions, and award up to four prizes of at least USD 250,000 each through a competitive call for applications.

Eligibility Criteria 

Countries Targeted

Tertiary education: Solutions that fulfil the UNESCO definition of tertiary education which is the extension of secondary education in specialized fields of education, including what is commonly understood as academic education (colleges, universities), but also advanced vocational or professional education.

Types of solutions: Solutions that provide inclusive, fair, and affordable student financing for access to tertiary education:

Ineligible solutions       

What they are not looking for:

For more information, visit https://www.convergence.finance/design-funding/open-window/education-financing-prize

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