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The Mastercard Scholarship 2024-25 Application Form, Monthly Stipends

Are you an ambitious student striving to achieve your goals but encountering financial obstacles? The Mastercard Foundation Scholarship Program is here to assist you in realizing those aspirations. In partnership with some leading universities and institutions worldwide, this transformative scholarship aims to support exceptional students who demonstrate leadership potential and a commitment to positively impacting their communities. This extraordinary opportunity offers comprehensive financial assistance, covering tuition, living expenses, and other essential costs, allowing you to focus entirely on your academic and personal growth. As a Mastercard Foundation Scholar, you will gain access to high-quality education and a supportive network of peers and mentors who share your vision. This scholarship empowers you to lead, innovate, and contribute to your community. Seize the chance to join a global community dedicated to effecting change. Apply today and embark on the path to a brighter future.

Overview of the Scholarship

Country: African nations, in conjunction with global partner institutions
Scholarship name: Mastercard Foundation Scholarship Program
Duration: 4 years (Bachelor’s), 2 years (Master’s/PhD)
Benefits: Fully funded (tuition, accommodation, travel, stipends, health insurance)
Deadline: Varies by institution

Advantages

Comprehensive tuition coverage: All tuition fees are fully funded.
Housing support: Accommodation costs are entirely covered.
Educational materials: Assistance with books and supplies are provided.
Travel allowance: All travel expenses are compensated.
Monthly living allowance: Financial support for daily living costs.
Health coverage: Extensive medical insurance is included.

Partner universities and institutions

The Mastercard Foundation collaborates with leading institutions, including:

Africa: University of Cape Town (South Africa), Makerere University (Uganda), Ashesi University (Ghana), Kwame Nkrumah University of Science & Technology (Ghana)
North America: University of Toronto (Canada), McGill University (Canada), University of California, Berkeley (USA)
Europe: University of Edinburgh (UK), Sciences Po (France)
Middle East: American University of Beirut (Lebanon)

Eligibility criteria

Academic achievement: Candidates must demonstrate strong academic performance through their grades or university transcripts.
Financial requirement: This scholarship is designed for individuals from economically challenged backgrounds.
Geographic scope: While the primary focus is on Sub-Saharan Africa, eligibility criteria may vary by institution.
Admission to institutions: Applicants must apply and be accepted by a Mastercard Foundation partner institution.
Specific disciplines: Some scholarships may target STEM, social sciences, or business fields.

Required documents

Completed application form
High school or university transcripts
Evidence of financial need
Personal statement
Admission letter from the institution
Copy of passport or national ID

Application process

Select institution: Identify a university that offers the program you wish to pursue.
Apply for admission: Secure admission to the chosen institution.
Complete the scholarship application: You can access the scholarship application through the partner institution’s website or the Mastercard Foundation.
Submit required documents: Ensure that all necessary documents are accurate and complete.
Craft a personal statement: Highlight your academic accomplishments, leadership abilities, and contributions to the community.
Submit & await results: Keep an eye on your email for updates regarding your application status.

The Mastercard Foundation Scholarship transcends mere financial assistance and signifies a commitment to nurturing our society’s future leaders. With extensive coverage of educational costs, opportunities for career development, and a dedication to empowering students to effect positive change in their communities, this program presents an exceptional opportunity for students to realize their full potential.

APPLY FOR THE MASTERCARD FOUNDATION SCHOLARSHIP

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FAQ's

The scholarship is available to Sub-Saharan African students with academic excellence and financial needs. Applicants must be accepted into a participating partner institution and demonstrate leadership potential and a commitment to community service.

The scholarship covers tuition, accommodation, books, travel expenses, monthly stipends, and health insurance throughout the program.

To apply, candidates must first seek admission to a partner institution. Once admitted, they can fill out the scholarship application form, submit the necessary documents, and write a personal statement highlighting their academic achievements and leadership potential.

Applicants must provide a completed application form, academic transcripts, proof of financial need, a personal statement, an admission letter from the partner institution, and identification documents such as a passport.