Quito is one of the most compelling cities in Latin America. Nestled in a long, narrow valley in the Andes on the slopes Volcano Pichincha to the west, Quito enjoys a spectacular natural setting. The Ecuadorian capital city’s mix of colonial and modern architecture creates a fascinating built environment. In addition to being the site of the Ecuadorian government, Quito is also the nation’s cultural capital, with an impressive selection of museums, festivals, and nightlife.
- Stable and growing economy
- Government measures to enhance education investment
- Increased funding opportunities
- Bilateral education agreements
The real GDP growth in 2014 stands at around 4%, which puts it third in the region ahead of Peru (3.6%) and, notably, Brazil (0.3%). This growth rate is predicted to remain stable in the future. There is also an increasing trend of parents investing in their children’s education abroad.
Since adoption the new constitution in 2008, Ecuador has been pouring investment into reforming its education system (1.86% of GDP): investing in education is becoming part of the culture of the country thus raising Ecuadorian students’ academic levels.
As a result of the recent deep reforms of the educational system, there has been a sharp increase in the number of scholarships available through SENESCYT (The National Secretariat of Higher Education, Science, and Technology), and IECE (Ecuadorian Institute for Educational Credit and Loans), and a slashing of interest rates on student loans, pushing them from 12% down to 4.6%.
Recently, there have been dozens of new or strengthened education agreements signed with countries such as Australia, Canada, France, Germany, Malaysia, Mexico, South Korea, Spain, the Netherlands, the UK, and the USA.
Find out how to recruit Ecuadorian students in our special e-guide, which can be downloaded for free here.