The MasterCard Foundation Scholars Program
Various Partner Universities
Key Statistics
Grant Amount
Varies by program and institution
Location
Deadline
Varies by year and partner institution
About this Scholarship
The MasterCard Foundation Scholars Program is a comprehensive scholarship initiative aimed at providing academically talented yet economically disadvantaged students with access to quality education and leadership development opportunities. Established by the MasterCard Foundation, the program partners with a select group of universities across Africa, North America, and other regions to support young people who demonstrate leadership potential and a commitment to giving back to their communities. This program is designed to address barriers to education for youth from marginalized backgrounds by covering tuition, accommodation, living expenses, and other educational costs. Beyond financial support, the program offers mentorship, leadership training, and community engagement opportunities to help scholars develop holistically. The initiative focuses on creating a network of future leaders who can contribute to social and economic development in their home countries. The MasterCard Foundation Scholars Program is recognized for its emphasis on both academic excellence and social impact, supporting students across a wide range of disciplines. The program is open to undergraduate and graduate students, depending on the partner institution’s offerings. Given its multi-institutional nature, specific eligibility criteria, application deadlines, and award amounts vary by university and country. Prospective applicants are encouraged to consult the official websites of participating universities or the MasterCard Foundation for the most current information.
Eligibility & Overview
Financial Grant
Full or partial scholarships depending on need and program
Scholarship Type
Mixed (Merit and Need Based)
What's Covered
Description
The MasterCard Foundation Scholars Program is a flagship initiative designed to increase access to higher education for talented young people from economically disadvantaged backgrounds, primarily in Africa. The program operates through partnerships with universities that have committed to providing comprehensive support to scholars. These partnerships span continents and include institutions in Africa, Canada, the United States, and other regions. The scholarship covers a broad spectrum of educational expenses, including tuition, accommodation, living allowances, and study materials. In addition to financial aid, the program emphasizes leadership development, community engagement, and career readiness. Scholars participate in mentorship programs, leadership workshops, and community service activities, which aim to develop their skills beyond academics and prepare them for impactful careers. The program supports students across a wide range of academic disciplines, reflecting the diverse needs of the communities they come from and the sectors they aim to influence. Selection criteria typically include academic merit, demonstrated financial need, leadership potential, and a commitment to contributing to community development. The application process and deadlines vary depending on the partner university and country. The MasterCard Foundation Scholars Program has contributed to the education of thousands of students since its inception, with a focus on creating a network of alumni who continue to support development initiatives in their home countries. Due to the program’s scale and the diversity of partner institutions, applicants should review specific details on the official websites of participating universities or the MasterCard Foundation to ensure accurate and up-to-date information.
Key Benefits
Comprehensive financial coverage including tuition, accommodation, and living expenses
Access to leadership development and mentorship programs
Opportunities for community engagement and social impact projects
Support for career development and networking
Participation in a global network of scholars and alumni
Financing Information
Funding Structure and Financial Support
The MasterCard Foundation Scholars Program is funded by the MasterCard Foundation, a global philanthropic organization dedicated to advancing education and financial inclusion. The program operates through partnerships with universities that receive funding to provide scholarships and support services to selected students. The level of financial support varies depending on the institution, country, and individual student needs. Typically, the scholarship covers full tuition fees, accommodation, living expenses, books, and travel costs related to study. Some partner institutions may also provide additional support such as health insurance and stipends for leadership activities. The program’s funding model is designed to remove financial barriers to education for talented students who would otherwise be unable to afford higher education. The MasterCard Foundation works closely with partner universities to monitor the use of funds and ensure that scholars receive the intended support. Funding is renewed annually based on satisfactory academic progress and continued eligibility. The program also invests in non-financial support, including mentorship, leadership training, and career services, which are integral parts of the scholars’ development. Applicants should note that while the program aims to provide comprehensive support, the exact benefits and funding amounts can vary, and students are advised to confirm details with the respective university or the MasterCard Foundation.
Apply for The MasterCard Foundation Scholars Program
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* Disclaimer: Information provided here is subject to change. Prospective applicants should verify all details, including eligibility criteria, deadlines, and award amounts, with the official MasterCard Foundation Scholars Program website or the relevant partner university before applying.