The Mastercard Foundation Scholars Program is one of the most sought-after scholarships for African students. With an annual worth of up to $60,000 per student, this fully funded program provides a transformative opportunity for young leaders to access higher education at prestigious universities worldwide. By covering tuition, accommodation, and other living expenses, the program removes financial barriers and allows scholars to focus on their education and leadership development.
This comprehensive guide walks you through the key details of the scholarship, application process, eligibility requirements, and answers to frequently asked questions. With scholarships worth as much as $60,000 annually, this opportunity could be the stepping stone to your dream education.
Scholarship Overview and Details
Here’s a breakdown of the Mastercard Foundation Scholars Program to give you an overview of the opportunities available:
| University Name | Scholarship Type | Yearly Worth ($) | Application Period | Country Eligibility |
|---|---|---|---|---|
| University of Toronto | Fully Funded | $60,000 | September–January | African Countries |
| University of Edinburgh | Fully Funded | $50,000 | October–March | African Countries |
| McGill University | Fully Funded | $55,000 | November–February | African Countries |
| University of Cape Town | Fully Funded | $30,000 | June–November | African Countries |
| African Leadership Univ. | Fully Funded | $20,000 | January–April | African Countries |
This table highlights the impressive value of the scholarship, offering comprehensive financial support to successful applicants. Keep reading to learn how to take advantage of this life-changing opportunity!
Major Requirements for Applying
The Mastercard Foundation Scholars Program is competitive and requires applicants to meet the following criteria:
- Academic Excellence
Candidates must demonstrate a strong academic record through their transcripts, test scores, and other supporting documents. - Leadership Potential
Applicants should have a proven track record of leadership in their schools, communities, or extracurricular activities. - Financial Need
Evidence of financial need is required, as the program prioritizes students who lack the means to afford higher education. - Residency and Citizenship
Applicants must be citizens of an African country or have permanent residency in Africa. - Commitment to Community Development
Candidates must show a strong desire to return to Africa and contribute to the continent’s development after completing their education. - Additional University-Specific Requirements
Universities may have additional requirements, such as language proficiency (e.g., TOEFL or IELTS), essays, or interviews.
Partnered Universities and Application Procedure
Below is a step-by-step guide to applying for the Mastercard Foundation Scholars Program at some of its partner universities.
1. University of Toronto (Canada)
- Visit the Scholarship Page: University of Toronto Scholars Program
- Steps:
- Submit an application for admission to a degree program at the University of Toronto.
- Complete the Mastercard Foundation Scholars Program application form.
- Submit all required documents, including transcripts, essays, and recommendation letters.
- If shortlisted, participate in an interview.
- Deadline: January 15, 2025
2. University of Edinburgh (UK)
- Visit the Scholarship Page: University of Edinburgh Scholars Program
- Steps:
- Apply for admission to an eligible postgraduate program at the University of Edinburgh.
- During the application process, indicate your interest in the Mastercard Foundation Scholars Program.
- Submit supporting documents that highlight your leadership skills and financial need.
- Deadline: March 1, 2025
3. McGill University (Canada)
- Visit the Scholarship Page: McGill Scholars Program
- Steps:
- Apply to McGill University through their admissions portal.
- Complete the Mastercard Foundation Scholars Program application form.
- If selected, prepare for an interview with the admissions team.
- Deadline: February 15, 2025
4. University of Cape Town (South Africa)
- Visit the Scholarship Page: UCT Scholars Program
- Steps:
- Apply to an undergraduate or postgraduate program at UCT.
- Complete the Mastercard Foundation Scholars Program application.
- Upload relevant documents, including proof of financial need and academic achievements.
- Deadline: November 30, 2024
5. African Leadership University (Rwanda/Mauritius)
- Visit the Scholarship Page: ALU Scholars Program
- Steps:
- Submit an online application for admission to ALU.
- Fill out the Mastercard Foundation Scholars Program form.
- Write a compelling essay outlining your leadership experience and vision for Africa.
- Deadline: April 30, 2025
FAQs
1. What does the scholarship cover?
The scholarship covers tuition, accommodation, living expenses, and books. It also provides leadership training and career development opportunities.
2. Can I apply to multiple universities?
Yes, but you need to submit separate applications for each university, following their specific requirements.
3. Is the scholarship renewable?
Yes, it is renewable annually, provided you maintain academic excellence and adhere to the program’s guidelines.
4. Are there age limits for applicants?
Most universities do not specify age limits, but applicants must meet the eligibility criteria for their desired program.
5. Do I need an English proficiency test?
Yes, some universities require TOEFL, IELTS, or other language proficiency tests if English is not your first language.
Summary and Conclusion
The Mastercard Foundation Scholars Program is a life-changing opportunity for African students, offering financial support worth up to $60,000 annually and providing access to quality education at some of the world’s leading institutions. By fostering leadership and promoting community development, the program equips scholars to make meaningful contributions to Africa.
Don’t wait—review the details, choose your preferred university, and start your application today. This scholarship could be the key to unlocking your potential and creating a brighter future for yourself and your community