Mastercard Foundation Scholarship 2024

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Mastercard Foundation Scholarship 2024 

Grade Level Undergraduates / Postgraduates
Country Toronto, Canada.
Eligible Nationalities Africa
Required Language English
Sponsors Mastercard Foundation
Award  Fully Funded
Application Deadline  Please refer official website.

Are you a student seeking an exciting opportunity or scholarship to support your degree program? Mastercard Foundation, Canada inviting online application for Mastercard Foundation Scholarship 2024.

Don’t let this fantastic chance pass you by by missing the application deadline! In this article, we’ll go over this scholarship program’s features, benefits, and step-by-step application process.

About Mastercard Foundation Scholarship 2024

The Mastercard Foundation Scholarship 2024 is a prominent initiative that offers exceptional African students the chance to pursue higher education. High-potential students who exhibit remarkable academic accomplishments, leadership abilities, and a dedication to having a good influence on their communities are encouraged to apply for the scholarship.

For undergraduate and graduate studies in a variety of disciplines, including business, engineering, agriculture, education, and the social sciences, the programme offers fully funded scholarships. For the duration of the chosen programme, it pays for tuition, housing, living costs, books, and other associated expenditures.

In addition to financial assistance, the Mastercard Foundation Scholarship 2024 offers extensive mentorship and leadership development programmes to help students advance their leadership abilities and support social and economic change in Africa. A global network of alumni and professionals will be available to scholars, improving their job chances and forging lifetime ties.

The application process is extremely difficult and frequently includes a stringent selection procedure based on academic achievement, aptitude for leadership, and participation in the community. Talented people have a once-in-a-lifetime chance to follow their aspirations, act as change agents in their industries, and advance Africa by applying for the Mastercard Foundation Scholarship 2024.

Program of Study

  • Business Administration
  • Economics
  • Engineering (e.g., Civil, Mechanical, Electrical)
  • Agriculture and Agribusiness
  • Education
  • Social Sciences (e.g., Sociology, Psychology, International Relations)
  • Public Health
  • Environmental Studies
  • Computer Science and Information Technology
  • Gender Studies
  • Development Studies
  • Entrepreneurship
  • Finance and Accounting
  • Communications and Media Studies
  • Law and Legal Studies

The particular courses offered will vary depending on the institution and programme that the Mastercard Foundation Scholarship supports, so please keep in mind that this is not a complete list. For the most precise and recent information on the possible courses of study, please consult the scholarship program’s official website or get in touch with the appropriate university.

About Mastercard Foundation

Toronto, Canada serves as the location of the Mastercard Foundation’s corporate offices. The foundation’s operations, including partnership development, strategy planning, and programme creation, are centred in Toronto. An international non-profit organisation called The Mastercard Foundation is committed to promoting possibilities for young people, particularly in Africa, as well as inclusive and fair economic growth. The foundation, which was started in 2006, focuses on giving young people access to high-quality education, career-related training, and financial services so they may become change agents in their communities. Programmes and initiatives that target young unemployment, entrepreneurship, and leadership development are implemented by the foundation in partnership with a network of partner organisations, institutions, and governments. The organisation seeks to build a society in which every young person has the chance to reach their full potential and contribute to sustainable development.

Scholarship Coverage

  • Full tuition fees: The scholarship covers the entire cost of tuition for the chosen degree program.
  • Accommodation: Scholars may receive financial support or have access to on-campus housing or designated accommodation.
  • Living expenses: A stipend or allowance may be provided to cover day-to-day living costs such as meals, transportation, and personal expenses.
  • Books and study materials: The scholarship may provide funding or resources to cover the cost of required textbooks and other academic materials.
  • Health insurance: Scholars may receive health insurance coverage to ensure access to necessary medical services.
  • Travel expenses: The scholarship may include travel allowances for scholars to travel to and from their home country and the university.
  • Leadership training and mentorship: Scholars may have access to specialized leadership development programs and mentorship opportunities.
  • Internship or work experience: Some scholarship programs may offer opportunities for scholars to gain practical experience through internships or work placements.
  • Networking and alumni support: Scholars may be part of a vibrant network of Mastercard Foundation Scholars, providing access to professional networking opportunities and ongoing support.

It is significant to note that different universities and programmes may have different specifics regarding the scholarship coverage. For more information on the scholarship coverage for the Mastercard Foundation Scholarship 2024, it is advised to check the program’s official website or get in touch with the relevant university.

Eligibility Criteria 

  • Citizenship: Applicants must be a citizen of an African country.
  • Academic Excellence: Applicants must have a strong academic track record and meet the minimum GPA or academic requirements set by the university.
  • Financial Need: Applicants should demonstrate a lack of financial resources to fund their education and provide supporting documentation as required.
  • Leadership Potential: Applicants should demonstrate leadership qualities and a commitment to making a positive impact in their communities or fields of interest.
  • Community Involvement: Applicants should have a record of community engagement or volunteer work, showcasing their dedication to social development.
  • Admissions Criteria: Applicants must meet the specific admission requirements for the chosen degree program at the respective university.
  • Age Limit: There may be an age limit specified by the scholarship program, typically targeting young and emerging leaders.
  • English Language Proficiency: Applicants may be required to provide proof of English language proficiency through standardized tests like TOEFL or IELTS.
  • Field of Study: The scholarship may have specific fields of study or programs eligible for funding, so applicants should ensure their intended field of study aligns with the scholarship’s focus.

Note that these bullet points give a broad notion of probable qualifying requirements. For the most precise and recent information on qualifying requirements for the Mastercard Foundation Scholarship 2024, please visit the official website of the scholarship or the scholarship page for your chosen university.

Required Documents

  • Completed application form: Applicants must fill out the scholarship application form provided by the university or the Mastercard Foundation.
  • Proof of citizenship: Applicants must provide a valid passport or other official proof of African citizenship.
  • Academic transcripts: Applicants should submit official academic transcripts from their previous educational institutions, demonstrating their academic performance.
  • Letters of recommendation: Applicants may need to provide letters of recommendation from teachers, professors, or mentors who can speak to their academic abilities and character.
  • Personal statement or essay: Applicants may be required to write a personal statement or essay explaining their background, goals, leadership experiences, and how they plan to contribute to their communities.
  • Curriculum vitae/resume: Applicants may need to provide a detailed CV or resume outlining their educational background, work experience, volunteer activities, and achievements.
  • Proof of English language proficiency: Applicants may need to provide results from standardized English language tests such as TOEFL or IELTS.
  • Financial documentation: Applicants may be required to submit financial documents or statements to demonstrate their financial need.
  • Identification photographs: Applicants may need to provide recent passport-sized photographs as per the specified guidelines.
  • Any additional documents: The scholarship program may require additional documents such as certificates of achievement, proof of community engagement, or specific forms related to the application process.

How to Apply for Mastercard Foundation Scholarship 2024?

  • Research: Gather information about the Mastercard Foundation Scholarship and identify the universities or programs that are eligible for the scholarship.
  • Review Eligibility: Ensure that you meet the eligibility criteria for the scholarship, including citizenship, academic requirements, and other specified criteria.
  • Choose a Program: Select a degree program or course of study that aligns with your academic and career goals.
  • Collect Required Documents: Gather all the necessary documents such as academic transcripts, letters of recommendation, personal statement, CV/resume, proof of citizenship, and any other documents specified by the scholarship program.
  • Complete Application Form: Fill out the scholarship application form provided by the university or the Mastercard Foundation. Provide accurate and detailed information.
  • Write Personal Statement/Essay: Prepare a compelling personal statement or essay that highlights your background, goals, leadership experiences, and commitment to community development.
  • Submit Application: Submit your completed application form and all required documents through the designated application portal or submission method specified by the university or scholarship program.
  • Follow Up: After submitting your application, monitor your email or online application portal for any updates or requests for additional information.
  • Selection Process: The scholarship program will review applications, shortlist candidates, and conduct interviews or assessments to select the final recipients of the scholarship.
  • Notification of Results: If you are selected as a scholarship recipient, you will be notified by the scholarship program or university. If you are not selected, you may receive a notification of non-selection.
  • Acceptance and Enrollment: If you receive an offer, follow the instructions provided to accept the scholarship and proceed with the enrollment process at the respective university.

FAQ About Scholarship

What is the Mastercard Foundation Scholarship?

The Mastercard Foundation Scholarship is an initiative that offers exceptional Africans the chance to pursue their education at particular colleges while providing them with financial help, mentoring, and leadership development opportunities.

Who is eligible to apply for the scholarship?

Candidates must be residents of African nations, exhibit academic distinction, leadership potential, and a dedication to community development, among other requirements that may differ. Each university and programme may have different specific criteria.

What types of degrees are covered by the scholarship?

Typically, undergraduate and graduate degree programmes in a variety of subject areas, including business, engineering, agriculture, education, the social sciences, and more, are covered by the Mastercard Foundation Scholarship. Depending on the university and scholarship opportunities, the degree programmes that are offered may change.

Is the scholarship supported in full?

Yes, the Mastercard Foundation Scholarship is normally fully financed, paying for all necessary expenditures for the duration of the chosen programme, including tuition, housing, living expenses, books, and other miscellaneous charges. However, it’s crucial to validate the facts of the particular scholarship.

How can I apply for the Mastercard Foundation Scholarship?

Depending on the university and programme, the application procedure may change. In general, interested candidates must investigate accredited institutions, check the scholarship criteria, compile the necessary materials, and submit an online application via the authorised website or other means outlined by the scholarship programme.

When is the application deadline for the scholarship?

For other colleges and programmes, different deadlines may apply. The most recent application deadline may be found on the official Mastercard Foundation website or the particular scholarship information supplied by the university.

How competitive is the Mastercard Foundation Scholarship?

Due to the small number of scholarships offered and the large number of qualified applications, the Mastercard Foundation Scholarship is extremely competitive. To increase your chances of getting chosen, you should prepare a compelling application that emphasises your academic successes, leadership experiences, and involvement in the community.

Can I apply for the scholarship if I have already started my studies?

Depending on the university and programme, the requirements may vary. Others may require candidates to apply before beginning their studies, while some scholarships may accept applications from students who have already begun their studies. For clarity, it is advised to study the particular scholarship conditions.

What are the benefits of being a Mastercard Foundation Scholar?

You will get financial assistance, leadership training, mentoring, and access to a worldwide network of alumni and professionals as a Mastercard Foundation Scholar. The scholarship seeks to provide you with the knowledge and tools required to positively affect your neighbourhood and support sustainable development.

Where can I find more information about the Mastercard Foundation Scholarship?

It is preferable to check the Mastercard Foundation’s official website or the websites of the participating colleges if you want further information. The scholarship’s qualifying conditions, application procedure, perks, and particular requirements for each university are all covered in depth by these sources.

Official Notification

Disclaimer: This is not the official scholarship website; it is only a one-page description of the scholarship. Despite our best efforts to keep the material up to date and correct, changes might happen at any time without prior notice. The most current, accurate, and complete information may be found on the official scholarship website, which we strongly advise you to verify. Any reliance you put on knowledge received from is totally at your own risk.

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