Update [February 16th]

Good news!

Thanks to all your letters, emails and retweets, MIT is reassessing their decision.

They’re now vowing to work closely with Amanda to provide proper financial support to make sure she can attend. We will keep you up-to-date as Amanda makes her way to Cambridge!


Photo: Courtesy of Amanda

Last October, I interviewed Amanda, an undergraduate applicant from Maracaibo, as part of the standard MIT admissions process. I’ve reviewed the applications of most Venezuelans who seek to enter MIT, and Amanda is by far the most qualified applicant I’ve come across.

For starters, Amanda is the first Venezuelan woman to earn a medal at the International Mathematical Olympiad, the most prestigious of such competitions worldwide. She’s also represented our country at other international venues, winning Silver at the Hispanic American level. Academically, she’s an ace.

But just having outstanding grades and representing your country internationally doesn’t fully cut it for getting into MIT. Amanda knows this. She has cultivated a well-rounded skill set and a wholesome personality. She’s an avid swimmer, an aspiring artist, and volunteers to teach children who can’t afford swimming lessons. Seriously, she’s a top-percentile candidate, I can tell you that after interviewing folks for the past 13 years.

In December, we happily learned she had gotten a place. It’s been many years since a Venezuelan high school senior goes straight to MIT, so this is an achievement on its own. This maracucha had a dream, she had been training hard to achieve it, and got in.

We’re calling on the MIT Financial Aid office to launch a serious investigation.

This month, however, Amanda hit a roadblock. While MIT is committed to fully funding a candidate once she gets in, their Financial Aid office looked at Venezuela’s official exchange rate of VEF 10 per dollar, instead of the 23,000-times-higher, market-based rate. 

At the official exchange rate, Venezuela’s hunger wages look like a king’s ransom. Looking at her documentation, MIT’s financial aid people reasoned she didn’t need any financial aid: her family’s rich! (Fact check: they’re not). 

Amanda started an appeals process, but Financial Aid came back with bad news: they asked FlyWire, a company they routinely use, if Amanda could wire them Venezuelan funds at the VEF 10 rate. FlyWire wants MIT’s business, and they rushed to say yes. They later privately acknowledged that they’ve had trouble processing Venezuelan transactions, but have not updated their website to reflect this information.

So, caught as we are between a hyperinflationary government’s “official rate” statements and a company that misrepresents its ability to help, we’re calling on the MIT Financial Aid office to launch a serious investigation. The fact that some regime-connected individuals can get approval to use the extremely low rate doesn’t mean Amanda, or the average Venezuelan, could.

MIT, let’s do our due diligence. Check the recent media articles on the final dismantling of the VEF 10 rate. Call me and other fellow alumni: we will all testify that dollars at the official rate are long gone for the nonenchufado university students. Have someone call Cencoex directly: even they will back this up. Addressing this is the right thing to do, as Amanda risks missing out on the opportunity of a lifetime, while MIT risks missing out on a future graduate who could very well shape the future of mathematics.

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  1. Try explaining this to Noam Chomsky at MIT…Ideological blinders on and cant see outside of that at in the safety of their Ivory Towers.

    Good luck trying to explain this fixed vs black market rate to Gringos. They cannot wrap their minds around this. It defies all logic.

    • It’s a very simple logic:

      The chavista regime passed a law to plunder all the country’s resources and distribute the loot among its partisans, the other 95% of the population gets nothing (Or they get only 1$ per 235.000Bs)

    • Oh, we can wrap our brains around it. Its fantasy. Pure fiction!

      MIT dropped the ball here. Perhaps Noam Chomsky can fund this young lady’s education? He doesn’t have anything but glowing praises for Chavismo.

      • “He doesn’t have anything but glowing praises for Chavismo.”

        Until shiabbe the rotten one told him to eat a pile of manure after Chumpsky wrote a letter about how inhumane was the “treatment” given to Lourdes Afiuni by the regime.

    • @Guacharaca That was the first thing that came to my mind..
      Sadly what used to be the best universities in the world, now are full of it!
      Those commie wannabes that doesn’t deserve any privilege of the first world.

  2. Wow. Talk about a bureaucratic nightmare.

    I can’t imagine that MIT won’t see the error of their ways here, and grant her the full scholarship.

  3. What’s important about this story is that 95.98% of all Venezuelan students lucky enough to study abroad will never, ever go back to Klepto-Cubazuela. That’ plus those who have not left yet and manage to get some College education will also leave first chance they get, never to come back. This Massive Brain drain will be devastating for decades to come, and irreversible.

    Some people say “no, we will come back.. there will be lots of opportunities after Chavismo falls”

    I say: “Y las vacas vuelan”.. China and Russia and others will not forgive Venezuela’s enormous debt. The country has never ever produced anything except heavy oil, cheap, and abundant these days, with lower value as other energy products take over worldwide. The damage to the economy was incredibly profound, on all industries. The working force left has Zero skills, zero education, clueless,highly corruptible, chavistoide leeches for the most part. Populacheros, hoping that ‘el gobielno’ will feed them.

    These bright educated young people will never come back. Soon they’ll have a better life overseas, with friends, family, security, abundance of opportunities, kids in school. GONE. Plus Venezuela, if it ever somewhat recovers from the Chavismo Plague, that will be around 2050..

    Thus, say farewell to the best, the few, the brightest. They’ll join the 5 Million of us who will never come back.
    (Ok, 124,233 educated people might come back, temporarily, for a few quick deals, that’s it).

    I hope the MUD is able to maintain the Avila mountain, Choroni, Los Roques and La Gran Sabana and Margarita. I’ll visit for a nice vacation someday (carrying a loaded gun for protection).

    • These stupid comments from people who already left the country and think that they are “the best venezuelans” and that nobody good enough remains here. Wake up, you are not “the best venezuelans”, maybe you are well educated but obviosly not skilled enough to be successfull in an adverse environment, so maybe you are just lazy.

      • “maybe you are well educated but obviosly not skilled enough to be successfull in an adverse environment, so maybe you are just lazy.”

        A former coworker of mine died last week at age 35 because of the lack of medication and how little he was eating. He was educated, talented, and hard-working, but the dictatorship killed him.

        In the rigged game that is the Venezuelan economy today, “skilled” means little next to luck, connections, and desperation. Taking pride in profiting within it is laughable.

      • The reality is that a high percentage of intelligent people are leaving Venezuela, compared to the low percentage of intelligent people who are staying in Venezuela.

        I don’t believe I read anything regarding “best” Venezuelans anywhere. But to hide your head in the sand and insist that those motivated to leave are not intelligent is counter-intuitive. The reverse is true. As a matter of fact, staying in Venezuela is about as stupid a decision a person could make.

        It is the lazy and the indolent who are happy to wait things out. Only those without the means to leave (but want to leave) are the victims. The Chavista voter is only too happy to take what is left behind, make it theirs, and wait for the Benevolent Dictator to give them something for nothing.

    • The first thing a “new” government needs to do is to closely examine all loans by foreign governments and make sure they were legal. My opinion is that the loans by China and Russia are illegal and are thus null and void.

      • According to what used to be the constitution, those loans needed to be approved by the National Assembly in order to be legal.

        One thing I think Jorge Borges got right was to do a world tour of sorts telliing foreign governments that there was no guarantee once constitutional order was restored, that any of these loans would be deemed legal.

    • “Carry a Gun!’ You freakin’ kidding right?
      you have to remember that on of the first points on the Communist Agenda is DISARMING all the law abiding citizens to subdue them. Good luck with carrying a gun, is direct jail!.

  4. One would think that having a Venezuelan for a President, MIT would be a tad more sensitive to these things. Yes, Rafael Reif is actually from Maracaibo, and while I’m 100% sure he has 0 involvement in the admissions process, financial issues are a whole different ball game! Lets all tweet this piece at the guy!

  5. I’ve got 25 million PoS bolivars stranded in an account in BBVA in Caracas. I think I’m going to write Flywire and ask them to convert it at the fantasy 10bs rate. I think I’ii keep bombarding them with emails until they either convert it at the official rate or see the wisdom of their stupidity.
    I invite everyone else on CC who has useless bolos trapped in an account to do the same, and every bot that anyone can get to do that as well until this idiot company corrects their stupidity.

    • Excellent suggestion. And when Flywire informs you that it will not be able to convert at the 10 BF rate, ask Flywire why it informed MIT that 10 was the rate.

      As there are over 6 months before the fall semester begins, there is plenty of time for MIT to change its decision.

    • There’s a “shake that tree” opportunity here. Threaten to sue Flywire when they refuse the 10B rate.

      Might even get a whole class action lawsuit going just for the heck of it.

      That’ll learn ’em.

  6. Thank you for the article, you are haciendo patria con esto.. muchos Venezolanos afuera enfrentan multiples dificultades… es importante que publicaciones como ustedes pongan el foco en casos como los de Amanda.

  7. Off the top of my head here are two who could help sort this out: Rafael Reif is the president of MIT and is Venezuelan, Roberto Rigobon is a professor of applied economics and has won both the “Teacher of the Year” award and the “Excellence in Teaching” award at MIT three times: https://youtu.be/ZpCJJQ-Mxr4

  8. She should just transfer the Bs to MIT via this “fly wire” at the 10 per rate (pay in advance all 4-5 years!), and show up in August. Hey, if MIT says that’s the correct exchange rate, who is she to argue,

    OT, but the Aporreans are pants shitting about the imminent invasion by the US (and Colombian) military.

    • I was not familiar with FlyWire. I just went on their site and saw that you can pay MIT through them.
      That is exactly what she should do.
      Pay all of her college expenses through them in Bolivars.
      Tuition, room. board and possibly an account at the bookstore.
      Then she can write a book about how to go to MIT $2 per year.

  9. Instead of blaming Noam Chomsky, I suggest an organized campaign to appeal to MIT to apply real standards rather than Communist-propaganda ones. To whom in the administration should we address our polite letters?

    • What about The President of MIT Rafael Reif, He should know better (but for what I heard, it seems He “forgot” what Venezuela was)

  10. Speaking of exchange rates, the DT rate seems to be stuck for the last 2-3 weeks in the 220s and 230s. I had expected it to be well past 300 by now. Im assuming this has to do with scarcity of physical B notes, and not that the central bank has stopped created more electronic Bs.

    What is the going rate for the Arab shops that “facilitate” exchanging $ remittances into Bs?

  11. I think MIT dropped the ball here. Being Amanda my niece, l helped her to draft letter to financial aid office. But it looks like they didn’t believe ours arguments , hope now with this article they will reconsider this case. Keeping ours fingers crossed!!

    • Hi Amanda’s uncle. Why don’t you open a petition using change.org and post the link here and in social networks? Addressing the petition to MIT. For instance, you could explain the situation referring to this article and some testimonials. Just a suggestion (for sure I will sign it and many others will)

      • As I mentioned above, as a Venezuelan MIT alumni who interviews candidates, I contacted the MIT Admissions office today. They have already replied and have assured me that “They are definitely aware of the situation and are working with Amanda.” They further explained that they “take time to evaluate individual family situations rather than just use a pre-set formula.” I have been in contact with them in the past regarding other somewhat similar situations and the outcome has (so far) always been positive.

        It’s great to see all the support for Amanda here. Que chevere.

  12. For posts like this one is that I’m a CC #fanenamorada.
    I do know from experience how difficult it is to explain Venezuela’s exchange control and the different rates applicable to a foreigner.
    In my previous job I had to report loss of insurance policy claims to the Claims Center in Mumbai! The subject is a real cluster fuck to explain and on top of that, the accent was (is) complicated enough.
    How can we help Amanda? Who should we bombard with emails/messages/tweets?

  13. This is one of these cases where the media can e of great help. I bet this case will be taken to the mass media and will, hopefully, result in a rational outcome. It is just a matter of days given the absurdity of the situation. If something could be even more mournful is the case of every talented young venezuelan student looking for financial help that could face a similar situation.

    • Also try Executive Vice President and Treasurer Ruiz.
      *Israel Ruiz*
      . . . Mr. Ruiz is the Institute’s chief financial officer. . . .
      His educational background includes . . . a six-year degree in industrial and mechanical engineering from the Polytechnic University of Catalonia, in his native Barcelona.
      “Israel Ruiz: Executive Vice President and Treasurer,” MIT Organization Chart, 2012–.
      James Herms, MIT MtE ’87

  14. I am sure there must be ways to appeal this. Please take into account that MIT’s president is not supposed to get involved in the admissions, nor in the financial aid process (it might actually be even prohibited). But this does not means that he cannot help. Another person that comes to mind is Ricardo Hausmann, a very well known Venezuelan Economist at Harvard’s Kennedy School, and who should have enough authority to explain the reality of Venezuela’s economical crisis.

  15. I am writing from Flywire, and hope to clarify a few points in your article.

    We are very happy for Amanda and her opportunity at MIT, and we are always willing to try and help international students attending the schools we work with in any way.

    Flywire does not, and historically has not consistently processed payments in VEF largely due to the volatility of the currency. Just this month the VEF exchange rate with USD has fluctuated from 10:1 to 25,000:1. Here at Flywire we do not provide advice on exchange rates or their movements due to the dynamic nature of foreign exchange markets.

    In the past we have been able to help a small number of students from Venezuela make payments – but in currencies other than VEF (e.g., EUR or USD). Our explanation in an email to Amanda may have created some confusion in regards to her request.

    We have been working with MIT since 2012 and are committed to helping their international students as best we can. Our goal is to provide convenient, secure, and transparent payment options to students around the world, but unfortunately for some of the reasons mentioned above, we cannot provide local solutions for everyone from all countries.

    Thanks for the opportunity to clarify the situation. We wish Amanda the best. And we’d be happy to discuss our process in more detail if it would be helpful. You can contact me at [email protected]

    • Hey Ryan – did you read the article? The official exchange rate is a fraud to allow the government insiders to steal from the country. It is impossible for the student to access that exchange rate, or believe you and I she’d be all over it.

    • The point of the entire article, dear Ryan, is not that you’re unable to process or help students. The point is that what you’re claiming to be the exchange rate you’re referring to is a Pipe-Dream that NOBODY in Venezuela has access to. Only a handful of government cronies can pay for things at that rate. So, to analyze someone’s financials at that rate is to inflate they net worth by a factor of 10x if you calculate at 25.000 and 25.000x if you calculate at 10 VEF x USD. The rest of us go by a the black market rate usually publicized at http://www.dolartoday.com Yes its shady, but its the only realistic access to foreign currency that any of us has. So, instead of robotically answering this thread as if it was a TripAdvisor post, you should right the wrong and explain outright to MIT that NOBODY can help this girl at that rate and her financials should be evaluated by a more realistic yardstick,.

    • Ryan,

      You are not clarifying the situation, in fact you are part of the problem. The market of 10:1 and 25,000:1 is fake! did you read the article?

      No ordinary Venezuela without deep government connection has access to that ‘market’. 99.9% of Venezuelans can exchange via the black market at +240,000:1.

      So Flywire stating that you process payments at a non-existing market rate is skewing MIT’s analysis. Making it seem like Amanda is a millionaire who can afford to pay $70K/year with her Bolivar, when the reality is that at the ACTUAL rate she cannot.

      Let me state it clearly: The 10:1 and 25,000:1 is FAKE. It is only on paper, for a very low volume of transactions of highly-connected individuals on the Venezuelan government clique.

      Please review your statement so that Amanda can be given the proper assessment of her financial situation.

      My email address is [email protected], happy to keep the conversation here or privately.


    • At best, you’re ignorant. You haven’t grasped the situation. It’s impossible that you ever processed a wire transfers at 10bsf per dollar legally. Claiming such is a lie.

      The Central Bank of Venezuela, by extension CENCOEX/CADIVI, (used to) makes those Wire Transfers directly into the University’s bank account.

    • Ryan Frere, have i got a deal for you!

      I’ll provide you with my wire instructions for my account in the US. You send me $10,000 US and I’ll exchange all of it here at a rate of at least 200,000 bs to the dollar on the street Then I’ll use those bolivares to buy back your dollars at somewhere between 10 and 25,000 bs to the dollar as you suggest above. I’ll then send you all that extra money in dollars keeping a modest transaction fee for myself.

      I can do this because I’m the Venezuelan equivalent of a Nigerian Prince and my uncle works at the highest levels of the Venezuelan government so I have access to those exchange rates. Honest. Can I count on your support?

      • Good thing I wasn’t drinking anything when I read that. Would shot straight out my nose! Thanks for the belly laugh. That’s guy’s comment was so tone deaf – unbelievable.

      • MRubio, I was going to write something similar and then I saw that you beat me to it. I was going to offers the guy Bs100K to $1, 4 times better than his 25K to 1 rate. Your Bs 200K offer is too generous. Hard to compete with that (I could offer 201K, but given these people reading skills you have to wonder if their math skills are good enough to realize that that’s a better offer).

    • So if I agree to send Caracas Canadian US $15.00 and he agrees to pay you “25 million” Bolivars Fuerte will you agree to pick up your cash in Venezuela and spend a month? How many of the countries you deal with do not allow their citizens to buy foreign currency on the open market? How many have multiple official exchange rates? How many are currently dealing with hyperinflation?

    • Forgot to add, good luck to Amanda getting this sorted out shortly. Hopefully you are not denied this opportunity because of some obtuse/corrupt “mathematical equation” created by perverse regime policy.

  16. Bureaucracies academic financial or whatever do things blindly , following formal procedures unthinkingly , without any regard for reality , they are cogs in a machine that does things automatically and inhumanly , this is the bane of modern civilization , things are so standardized that innocent people get caught in these kafkian engines of torture like flies in a spiders web , nothing ‘personal ‘ of course , just following the rules, cant break them you know, would lead to the end of civilization ….!! The worse thing is that little people , leading insignificant , futile , mediochre lives sometimes get a kick , a rush of ’empowerement’ when they use these rules to make people suffer ……..,to create artificial obstacles to sabotage peoples life…!!

    • Bill
      An environment has been created where penalties have become less than profits or fines have become less expensive than following the rules.
      When you look at the big scams Like subprime mortgages or the LIBOR rate fixing and see the Billions that were made, the fines probably did not recover the profits made in many cases, let alone paying for the damage of putting the world into a multi year recession.
      On a smaller scale, businesses have the same problem.
      A few years back, the owner of a small marina near my house, hired an excavator and dredged his marina and a short piece of a creek going into a lake. The creek had been filling with silt and it was negatively impacting his business as the larger boats were starting to have issues with the shallow draft.
      This entire dredging operation took one weekend. Early into the following week, the NY State Dept. of Environmental Conservation (DEC) was at his door.
      Long story short, he paid a $5,000 fine and promised not to do it again. No criminal charges.
      He estimated he saved at least $25,000 by not paying the application fees, hiring lawyers, paying for environmental impact studies, having public hearings and risking the chance that his application would be either rejected or denied.
      What he accomplished in a weekend, would have taken 2-3 years to have legally permitted.

      • John, your story reminds me a bit of one told to us by an uncle of mine many years ago. He wanted to build a fishing camp on an Atchafalaya Spillway protection levee which was maintained by the Army Corps of Engineers. There were already many similar camps built on the levee.

        He asked another camp owner about the process and the guy told him he needed to write the Army Corps of Engineers asking permission, describe the plot of land, its approximate location, and the type of structure. Once he received his response from the Corps stating that under no circumstances was he to build such a structure on the levee, he could begin construction. 🙂

        • Funny!
          Bureaucrats learn that if they just keep their heads down and don’t cause any problems, they will be promoted a step or two past their level of competency, by the end of their career.

  17. What about initiating a campaign via twitter with this message: “@FlywireCo @MIT 10:1 even 25,000:1 exchange rates for VEF:USD are fake. Amanda Vanegas qualifies for MIT´s FinAid.” … other ideas?

  18. Fellow maracuchan here, the same exact thing happened to me last year. I was accepted to Barnard College but then offered no financial aid because according to the CSS app, using that fantastic yet imaginary exchange rate, I would be able to afford it. I too appealed and had no luck, hope she does,

    • Several Venezuelans are on the Barnard/Columbia faculty and could have helped ( still help?) with this issue, including Vanessa Neumann and Clara Irazabal.

      • I got in touch with the board at Barnard and after initially sending me a FinAid plan that simply stated my payment plan (as I supposedly would be able to afford it), after my pointing out of the reality of the matter, they sent me another letter simply stating out that as an International Transfer they couldn’t provide me with any aid (even though they are a full meet school).

    Executive Vice President and Treasurer
    . . . Mr. Ruiz is the Institute’s chief financial officer. . . .
    His educational background includes . . . a six-year degree in industrial and mechanical engineering from the Polytechnic University of Catalonia, in his native Barcelona.
    “Israel Ruiz: Executive Vice President and Treasurer,” MIT Organization Chart, 2012–, https://orgchart.mit.edu/node/7/biography/
    James Herms, MIT MtE ’87

  20. I think someone made this point already but were there no Argentines that made this point between roughly 2012 and 2015? Or Egyptians? Or Nigerians?

  21. Did not the government recently eliminated the 10Bsf/USD? I believe is only DICOM from now on. In fact Google will tell you an exchange rate of 24975 Bsf/USD right now (dunno where is this rate coming from)

    • Yes Rob, the new rate that some sites show now are based on the first DICOM “auction”. But as stated by the OP, this rate is also a fake, as almost nobody really can obtain dollars at that rate. The process is not transparent. Even if you are lucky enough to receive the chance to change VEF for USD, as a regular citizen you have an average top of 140 USD per month … far from what is needed to cover the MIT tuition … not even enough to cover for meals. The fact is the same: regular citizens have to pay 220,000+:1 rate.

  22. Hey! I’m a current undergrad at MIT who saw this post – I think a lot of current students might be interested in drumming up attention around this and demanding MIT review Amanda’s case – either by writing letters, signing a petition, or spreading the word. Is there a petition already started I could direct people to? In addition, would it be possible to get in contact with you or Amanda to make sure we aren’t misrepresenting the situation? Thanks!

  23. The IRS on their website has the official exchange rate to use for taxes in venezuela Just google irs exchange rate. It is about 7k for 2018 this should get you closer.

  24. Please, Chubeto, let us know with any updates about this case. I really hope she gets the aid she needs and evidently deserves.

  25. In the US, they have a ‘by the book’, ‘one size fits all’ mentality. I was there last month and could see that again multiple times, they show a very binary, very rigid pattern of thinking, that is good because they will never be in the mess we are in South America by being like that, but to have situations like the one this post describes is not so great.


    — a car accident happens at a vital road — they will block that one vital road for 6 hours or more, until everything is solved. In other countries, they would immediately reopen at least one lane,or not close the road for so long.

    For an American, to close that road for 6 hours totally makes sense, because how the hell can you reopen a road, even if just a lane, if the firefighters, doctors, etc, are still working in the scene? And they would be right. But for someone from Latin America, or Mediterranean Europe, that will never make any sense. And they would be right too.

    MIT is right, and you guys are right too. Just two different cultures clashing, hopefully the Venezuelans managing MIT will take the ‘Mediterranean approach’ to the situation, and not the ‘by the book’ Anglo-Saxon one, but speaking from personal experience: I seriously doubt it.

      • I had, almost lost my plane.

        See this one:


        Notice the ‘one-car crash’ part.

        Anyway, I think this is actually correct, and the US is such a great place because you guys have a big concern for doing what’s right, to respect whatever the ‘protocol’ states.

        There’s just no ‘viveza criolla’ in the US, if the rule says X, then it’s X that should be done, too bad if you don’t agree, or are an exception.

        In the end, we should prefer a ‘by the book’ society like the American, than a ‘yo soy la Constitución’ kind of society like what we have in Latin America, even if terrible mistakes are done in the long run (like what they are doing with that girl).

    • This is one of my pet peeves about the U.S…

      In the private sector, the general trend is to push decision making down to the lowest level possible. In this way, decision are made by the ones closest to and most intimate with the details.

      Whereas, in the public and institutional sectors, we are compiling ever more detailed and complex regulations to govern all decision making in the interests of “fairness and transparency”. Unfortunately, in the process, we are tying the hands of public servants and administrators and not allowing them to use their own judgement to make common sense decisions.

      • Great insight, Roy. That describes my experience in the US in even better terms.

        Meanwhile, in Latin America, public departments and institutions tend to be ruled as if they were the manager’s own private property.

        “If I know person X there, I can have advantages that other people will never have.” You know how it works…

        Even in the case above, this girl has been helped because she has the right connections (people in Caracas Chronicles, for example), and another student coming from other inflation-stricken country, but without the same networking, would never have the same attention that she enjoyed.

        Wanting or not, this is Latin America in a nutshell.

        We can only hope that MIT, from now on, is sensible enough to treat all students coming from inflation-stricken countries in the same way, not giving financial-aid only to the ones with the right connections, as I’m pretty sure that there are several other bright Amandas around the world that won’t be able to post their amazing carrer backgrounds and achievements in sites like this one.

        • Thanks for your comment Marc.

          Re your comment about LA government…

          “Meanwhile, in Latin America, public departments and institutions tend to be ruled as if they were the manager’s own private property.”

          Consider the Spanish terminology for the inauguration of a newly elected administration: “Toma de Posesión” (Taking of Possession). Is it any wonder that politicians look at it this way? In Latin America, even the language has to be reformed.

  26. Accumulated inflation of 2018 could reach 160,000% – Liquidity expands at a rate of Bs 1.5 trillion daily

    “The data of the Central Bank of Venezuela indicates that in the 35 days that go from December 29, 2017 and February 2, 2018 (the most recent data available) the liquidity grew Bs 53.8 trillion to be located in Bs 181.16 billions.

    In an identical period between 2016 and 2017, the increase in liquidity was Bs 1.3 trillion, equivalent to
    Bs 37,390 million per day”


    Sounds like a math problem. Maybe some of those pointy heads at MIT can solve it?

    • Ditto, the unfortunate thing is that it will likely take far more than the “power of the pen” for Venezuela to be rid of these criminals.

  27. Good for Her!! Hope we are not exporting another socialist that wastes no time to support the Anti American so called “Democratic” Party and repeat as a parrot “gun control” while being absolutely clueless on how American became the Superpower it is.

  28. Hey, I’m currently the country’s oldest (in years of practice, not age) college counselor and educational consultant. Sadly, through my hands, some of Venezuela’s best and brightest have left the country, to never come back. Anyway, about Flywire, I can inform you all that Venezuelans must use international credit cards to pay their application fees. Flywire does not process Venezuelan cards. So technically, it’s impossible for anyone to pay at the BsF 10 rate using Flywire. Venezuelan undergraduate students getting into MIT is very uncommon. For Graduate school, MBAs and such, I have at least one applicant get in every year. But for undergraduate studies, the last one I had was years ago. I know the admissions staff at MIT. I will write to them about this case, even though they are already on it. This girl deserves all the help she can get.

  29. I Promise to Share This Loan Testimony Because of God Favor in My Life, i have being in search of loan over the internet and still was not able to get a loan because i’m blacklisted due to my bad credit score i lost my job and i lost my home i was living in the street frustrated without shelter or food , till one day i came across a testimony on the internet of how this company have been helping people with loans so i tried unfortunately my loan was granted without no collateral i applied for $100,000 i am so happy thanks be to shelter finances please in case you need a legit lender and a God fearing lender contact now here is their email :([email protected])

  30. Dude. This is mostly a Venezuelan blog. Believe me… You WON’T be able to scam a Venezuelan. Careful you don’t end being the one scammed ????

  31. There are many students in this country applying to US colleges that have had similiar situations. I will give you three names, with 3 different colleges which had no clue of how to calculate the financials to evaluate aid. Daniel, Andres and Paulina. The three of them top of their respective classes, extremely good mathematitians, earners of academic recognitions and awards, all with great SATs (one is above and beyond the 1500s), one a federated athlete nationally ranked, recipient of a Youth Condecoration; all got in very prestigious schools (Ivy, top 10 ranked national universities, top 5 liberal arts colleges), and they did NOT GET FINANCIAL AID because “they do not qualify”. One issue comes from the translation of the info in the CSS profile, Flywire or financial offices using who knows which rate. According to them, these kids are all Carlos Slim. Is there any way that College Board, financial aid offices, or Flywire understand this mess and amend the damage? Don´t know. Very sad situation for those students who have worked so hard, and whose parents have also worked so hard to teach meritocracy…


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