Mastercard Foundation Scholars Program
The Mastercard Foundation Scholars Program is at the forefront of organizations raising transformative leaders who support social and economic development. They always disburse funding to nurture young people from different backgrounds. Preferred candidates are young and talented Africans who align with Mastercard’s values
Once selected, qualified applicants get the necessary aid to equip them with leadership skills. For starters, the program invests in their educational journey and cultivates their skills so they can create an impact in the future.
If you fit the bill of eligible candidates, this could be your opportunity to receive academic sponsorship. However, you must craft a convincing application to unlock these benefits. This article offers invaluable ideas on how to apply successfully.
Overview of the Mastercard Foundation Scholars Program
As a global leader in payments and technology, Mastercard is among the reputable companies that sponsor scholarships. The Mastercard Foundation Scholars program is an initiative of the leading payment services company.
Nevertheless, it still operates under a separate management from the mother company. This program was established in 2006 as a catalyst for sustainable development of African countries
For efficiency, they partner with academic institutions, NGOs, and sister foundations to provide both on-campus and online scholarships. This support covers various academic levels, including high school degrees.
Beneficiaries can be from any social class or background. As an inclusive program, they also encourage applications from people who are displaced, living with disabilities, or from underrepresented communities. Here, we’ll discuss other qualification requirements.
Also Read: Erasmus Mundus scholarship 2024
What are the eligibility criteria for the Mastercard Foundation Scholars Program?
Even though requirements may change depending on where you are applying from. Here are some standard requirements:
- International students must have SAT, IELTS, OR TOEFL tests
- References and recommendation letters from mentors or teachers
- Individuals pursuing a bachelor’s degree must be 29 years old or under at the time of application
- While those interested must not be older than 35 years old
Applicants must:
- Be academically strong
- Show proof of financial challenges
- Be open to developing their home country
Also, candidates from the following countries are preferred for this program:
- Kenya
- Ethiopia
- Canada
- Rwanda
- Ghana
- Nigeria
- Senegal
How to apply for the Mastercard Foundation Scholars Program
Interested applicants must complete the admissions process for their chosen university. After this stage, they can apply or indicate interest in the scholars’ program.
Each Master Foundation Scholars Program-affiliated organization has unique instructions. Therefore, you must pay attention to their requirements, deadlines, and required documents.
Depending on the school or organization, you may be required to pay a token for the application. Rest assured, you will be reimbursed if you make it into the program.
Benefits of the Mastercard Foundation Scholars Program
This program offers a range of benefits, including financial, academic, and psychosocial support. It also provides comprehensive benefits, including:
- Tuition fees
- Academic resources
- Counselling
- Transportation
- Monthly stipends
- Accommodation
- Uniform
- Leadership development
- Return air ticket after studies
Frequently Asked Questions on the Mastercard Foundation Scholars Program
How can I locate institutions that partner with the Mastercard Foundation Scholars Program?
Most institutions in Africa are affiliated with this program. However, there are still partners in the Middle East, Europe, and North Central America. You can get a complete list of partners here.
Does the program provide support for PhD/ Doctorate students?
No. Unfortunately, the Mastercard Foundation is not open to PhD students at the moment.
Can I apply to different partner institutions under this program simultaneously?
Yes. Since each partner has a unique application process, the number of applications you can send is unlimited.
Conclusion
To wrap up, this article includes all the information you need to qualify for this funding program. You just have to read thoroughly and also consider the eligibility requirements for the partner university you choose.
