Icetex to forgive interest for approximately 78,000 Colombians during November campaign

Icetex announced a new debt relief campaign designed to forgive overdue interest for approximately 78,000 Colombians. The initiative, titled "Campaña de Acuerdos, sin estrés con el Icetex," is scheduled to take place from November 18, 2026, to November 30, 2026. This program aims to provide financial relief to individuals who have faced economic difficulties in meeting their educational loan obligations.

Eligibility and beneficiary details

The program specifically targets individuals with a delinquency period exceeding 31 days. According to officials, there are 77,910 potential beneficiaries eligible for this mechanism. The breakdown of these potential beneficiaries includes 57,510 individuals currently in the active portfolio. Additionally, 15,083 beneficiaries correspond to funds managed by Icetex, while 5,317 beneficiaries hold traditional loans that are currently in the written-off portfolio.

To qualify for the relief, eligible beneficiaries must establish a formal payment agreement and meet specific conditions set by the agency. Icetex has stated that the options for debt relief include making a full payment, paying the overdue balance, or refinancing the debt through adjusted terms and installments. This flexibility is intended to help borrowers manage their financial commitments more effectively.

How the campaign works

The agency has prioritized accessibility for those seeking to resolve their debts. Procedures for the campaign can be completed virtually or by telephone, allowing participants to settle their accounts without the need to visit physical offices. This remote approach is designed to streamline the process for the thousands of people expected to participate.

Richard Caicedo, President of Icetex, stated that the goal is to support people experiencing economic hardship by providing ways to fulfill their obligations. The initiative serves as a mechanism to assist those who are struggling to maintain their financial standing due to previous economic challenges.

Summary of the initiative

The campaign represents a significant effort by Icetex to address the challenges faced by students and former students with educational debt. By offering the possibility to forgive up to 100% of current and default interest, the agency seeks to reintegrate borrowers into the formal financial system. The short duration of the campaign, lasting only from November 18 to November 30, 2026, requires interested parties to act within this specific timeframe to take advantage of the offered terms.

Glossary

• Icetex — Icetex is an entity linked to the National Ministry of Education that promotes access to Higher Education in Colombia and other countries. It functions as a special nature financial entity that provides educational loans for higher studies.
• default interest — Default interest is a penalty that arises from late or inaccurate filing. It is applied in instances where deadlines are not met.