Mastercard Foundation Scholars Program 2024

If you’re a bright student from Africa or another developing area but struggling financially, the Mastercard Foundation Scholars Program could be a game-changer for you. This program is designed for young leaders eager to further their education and gain skills to uplift their communities. It provides complete financial backing for both undergraduate and graduate studies at leading universities around the globe, all while focusing on cultivating future leaders and driving social change.

About the Mastercard Foundation Scholars Program

This scholarship program, initiated by the Mastercard Foundation, offers comprehensive financial support to students who show outstanding academic performance and leadership skills. It takes care of tuition and living costs while also providing valuable mentorship, career growth opportunities, and chances to engage in community service.

The aim of the scholarship is to help students, especially those from Africa, gain access to top-notch education at partner universities globally, including in the USA, Canada, and Africa. Scholars are encouraged to play a role in the social and economic development of their home countries.

Who Can Apply?

The Mastercard Foundation Scholars Program is available to academically outstanding students from Africa and developing countries who come from financially disadvantaged backgrounds. Both undergraduate and graduate students are eligible to apply, and they must demonstrate leadership potential and a commitment to giving back to their communities.

Eligibility Criteria

To qualify for the Mastercard Foundation Scholars Program, applicants must meet the following requirements:

• Nationality: Applicants must be citizens of a developing country, with a focus on African nations.
• Academic Excellence: Applicants must demonstrate strong academic performance and be eligible for admission to one of the program’s partner universities.
• Financial Need: The program targets students from financially disadvantaged backgrounds who lack the means to pursue higher education on their own.
• Leadership Potential: Applicants must exhibit leadership skills and a commitment to making a positive impact in their communities.
• Personal Statement: A compelling personal statement or essay demonstrating why you want to pursue higher education and how it will help you contribute to your country’s development.

How to Apply

Here’s an overview of the application process for the Mastercard Foundation Scholars Program:

1. Choose a Partner University: First, identify one of the program’s partner universities where you would like to study. These include institutions like McGill University (Canada), University of Edinburgh (UK), and University of Cape Town (South Africa), among others.
2. Submit a University Application: Apply directly to the university of your choice, ensuring that you indicate your interest in the Mastercard Foundation Scholars Program.
3. Prepare Required Documents: Gather the necessary documents, including:

• Completed application form (specific to each university)
• Transcripts and academic records
• Personal statement outlining your goals and aspirations
• Letters of recommendation from teachers, professors, or community leaders
• Proof of financial need

1. Submit Scholarship Application: Follow the university’s instructions to complete the scholarship application. Some universities may require additional essays or documents.
2. Attend an Interview (if required): If shortlisted, you may be invited for an interview or asked to submit further information.
3. Wait for the Decision: Successful applicants will be notified by the university and the Mastercard Foundation.

What Does It Cover?

The Mastercard Foundation Scholars Program offers full financial support, including:

• Tuition Fees: Full coverage of tuition fees for the entire duration of the program.
• Living Expenses: Monthly stipend to cover accommodation, food, and other living costs.
• Travel Costs: Funds for travel between the recipient’s home country and the university.
• Books and Supplies: Financial support for textbooks and academic supplies.
• Internships and Mentorship: Opportunities for internships, networking, and mentorship to help scholars prepare for their future careers.
• Career Support: Access to career development programs and workshops to enhance employability.

Why Study with the Mastercard Foundation Scholars Program?

The Mastercard Foundation Scholars Program is more than just financial support; it’s an immersive experience that helps students develop the leadership skills and networks they need to drive positive change in their communities. Scholars gain access to an international network of young leaders, mentors, and professionals, allowing them to develop connections that will support their personal and professional growth.

By studying at some of the world’s top universities, scholars are exposed to world-class education, global perspectives, and a supportive environment that fosters innovation, leadership, and social impact.

Tips for a Strong Application

• Show Leadership: In your application, highlight any roles you have taken in community service, school clubs, or leadership projects.
• Demonstrate Passion for Change: Focus on your long-term vision for how you want to use your education to improve your community or country.
• Prepare Early: Gather all necessary documents, including recommendations and transcripts, well in advance to meet application deadlines.
• Seek Strong References: Choose mentors, teachers, or leaders who know you well and can speak to your leadership qualities, academic potential, and character.

Important Deadlines

Deadlines vary depending on the partner university you apply to, but most applications are due between December 2023 and February 2024. It’s crucial to check the deadlines for the specific institution you’re applying to and ensure that you submit all materials on time.

Final Thoughts

The Mastercard Foundation Scholars Program is a unique opportunity for bright, underprivileged students to access world-class education and develop into future leaders who can help address the challenges faced by their communities. If you are a high-achieving student from a developing country, particularly in Africa, this scholarship could be the gateway to achieving your academic and career aspirations.

To learn more and start your application, visit the Mastercard Foundation Scholars Program page at your desired partner university.

For More Information Or To Apply:

Click on this link to learn more

RELATED