Diversity and financial returns in higher education in Peru
How the Universidad San Ignacio de Loyola revolutionizes access to higher education while still staying competitive
By Bettina Boekle, Social Sustainability Specialist, IDB
Would you believe me if I told you that in a large, prestigious Peruvian university, 97 percent of the students receiving a governmental scholarship self-identified as indigenous and speak numerous native languages amongst themselves?
Yes, the 97 percent is real. Less and less is higher education in Peru attainable only for the upper class. Thanks to scholarship program Beca 18, Peru is offering free access to higher education for students from low-income families and remote areas of Peru. And the Universidad San Ignacio de Loyola (USIL) is becoming a more diverse institution. To offer more entry points, for example to a growing emerging middle class, this week USIL and the IDB are officially launching an innovative student guarantee fund coupled with a clear implementation map around the principle of shared value.