The MasterCard Foundation Scholars Program is a prestigious initiative aimed at empowering academically talented yet economically disadvantaged young people, primarily from Africa, to pursue higher education. Launched with the vision of developing a network of transformative leaders, the program offers a fully funded scholarship to support both undergraduate and graduate students.
It is designed not only to provide educational opportunities but also to foster leadership skills, community service, and critical thinking abilities.
#### Overview of the Program Since its inception, the MasterCard Foundation Scholars Program has partnered with various leading institutions across the globe, including universities in the U.S., Canada, Africa, and Europe. The program has invested billions to educate young people from Sub-Saharan Africa, ensuring they are equipped with the necessary skills and knowledge to drive change in their communities. Through academic training, mentorship, and exposure to leadership opportunities, the program aims to create the next generation of African leaders who can tackle global challenges.
#### Benefits of the Scholarship
The scholarship provides comprehensive financial support, covering tuition, accommodation, books, and other educational materials. Additionally, it offers a stipend to cover living expenses, ensuring that students can focus on their studies without financial stress. The scholars are also given opportunities to participate in internships, career-building workshops, and community service projects to enhance their skills beyond the classroom. The MasterCard Foundation Scholars are not only recipients of financial aid but also part of a network of change-makers. This community aspect allows scholars to connect with alumni and mentors, fostering collaboration and shared learning experiences.
They also receive academic advising, personal support, and mentoring, ensuring holistic development.
#### Partner Institutions The program partners with over 40 universities across various continents, with some of the most notable partners including: – University of California, Berkeley (USA) – Duke University (USA) – University of Toronto (Canada) – Sciences Po (France) – Ashesi University (Ghana) – African Leadership Academy (South Africa) Each of these institutions tailors its support for scholars, incorporating the core values of the MasterCard Foundation, such as leadership development, social responsibility, and global engagement.
#### Eligibility Criteria The MasterCard Foundation Scholars Program is open to citizens of Sub-Saharan African countries who demonstrate both academic talent and financial need. Applicants must exhibit strong leadership potential and a commitment to contributing positively to their communities.
Typically, the scholarship is available for students entering undergraduate or graduate programs. Some programs may also accept applicants already enrolled in their studies. Beyond academic and financial requirements, the selection process emphasizes ethical character, leadership qualities, and a passion for addressing social and economic issues in their home countries.
#### Application Process The application process for the MasterCard Foundation Scholars Program varies depending on the partner institution you are applying to. Generally, it involves submitting an online application, academic transcripts, recommendation letters, and a personal statement that highlights your leadership experience and future goals.
Some institutions may also require an interview as part of the selection process. It is essential to check the specific application deadlines for each university, as they may differ depending on the institution.
Most institutions open applications between August and November, with the deadline for submitting materials often in January or February. #### How to Apply
To apply for the MasterCard Foundation Scholars Program, prospective students must apply directly to one of the partner institutions and indicate their interest in being considered for the scholarship.
Each university has a dedicated page for the MasterCard Foundation Scholars Program, providing detailed guidelines and application instructions.
For example: – Duke University: [MasterCard Scholars Program Application at Duke](https://mcfscholars.duke.edu) – University of Toronto: [MasterCard Scholars Program at UofT](https://www.utoronto.ca/mcfsp) – Ashesi University: [Ashesi MasterCard Foundation Scholars](https://www.ashesi.edu.gh/admissions/scholarships/mcfsp.html)
After submitting your application, you will go through the selection process based on your academic merit, leadership potential, and financial need.
#### Important Deadlines The deadlines for the MasterCard Foundation Scholars Program are determined by the individual universities.
For instance, the deadline for Duke University’s program is typically in January, while the University of Toronto accepts applications by December. It is crucial to research the timelines for each institution well in advance and ensure that all required documents are submitted on time. #### Success Stories Many of the scholars who have gone through the program have gone on to become influential leaders in their communities, with several returning to Africa to work in sectors like healthcare, education, and technology.
Their contributions are not only felt locally but also on a global scale as they drive social and economic change.
#### Why You Should Apply The MasterCard Foundation Scholars Program is more than just a scholarship—it is a life-changing opportunity to access quality education, build essential leadership skills, and make a tangible impact in your community. If you have the passion and determination to lead change and the academic potential to excel, this program provides the perfect platform to achieve your goals.
#### Final Thoughts For ambitious African students, the MasterCard Foundation Scholars Program opens the door to world-class education and offers a pathway to becoming a transformative leader. By applying, you are not only gaining access to financial support but also joining a vibrant network of future change-makers who are dedicated to improving the world. For more information and to apply, visit the official [MasterCard Foundation Scholars Program website](https://mastercardfdn.org/all/scholars). By investing in the education of talented African students, the MasterCard Foundation is creating a ripple effect of positive change, ensuring that the next generation of leaders is well-equipped to address the challenges of the 21st century.