The Mastercard Foundation Scholarship program has recently been announced for students. They also collaborate with educational institutions, non-governmental organizations, and the Mastercard Foundation Scholars community to establish the conditions for youth to get inclusive and pertinent education, move seamlessly into respectable and rewarding careers, and lead life-changing experiences. To provide each Mastercard Foundation Scholar with all-encompassing support, especially during academic and career transitions, the Mastercard Foundation Scholars Program collaborates with postsecondary educational institutions. In this article, we will provide you with all the necessary information about this program.
About Mastercard Foundation
The Mastercard Foundation was established to support the students financially. Its objective to promote financial inclusion and education to empower Indigenous kids in Canada and to promote development in developing nations serves as the foundation for our work. Under the direction of its own Board of Directors, it functions autonomously and was established by Mastercard International in 2006. Our Young Africa Works strategy lays out a bold vision for the next ten years: by 2030, our efforts will help 30 million African youth, particularly young women, find respectable and satisfying jobs.
Objective of the Mastercard Foundation Scholars Program
The main objective of the Mastercard Foundation scholarship is to empower Indigenous youth in Canada and promote financial inclusion and education as a means of igniting prosperity in developing nations. Everybody should have the chance to study and thrive, according to the Mastercard Foundation. Regardless of where they are in life, everyone should have an equal opportunity at success. This is something we think people can have if they have access to financial services, education, and skill development.
Key Highlights of the Mastercard Foundation Scholars Program
| Name of the article | Mastercard Foundation Scholars program |
| Announced by | The Mastercard foundation |
| Beneficiaries | The students primarily young Africans |
| Benefits | The applicants will receive scholarships under this program |
| Application mode | Online |
| Year | 2024-25 |
| Official website | https://mastercardfdn.org/all/scholars/becoming-a-scholar/ |
Eligibility Criteria
The eligibility criteria for applying to this program are given below:-
- The applicant who wants to apply for an undergraduate degree must be 29 years old when they apply.
- For a graduate or master’s degree, candidates must be 35 years old or under when they apply.
Read It: University of Alberta Scholarship In Canada
Field Of Study
The applicants can apply for both undergraduate and postgraduate degrees under this scholarship.
Important Dates
- Start date of application:- 19 November 2024
- Last date of application:- not yet released.
Financial Assistance
Under this scholarship program, the students who will apply for a graduate or a postgraduate degree will receive full funding for completing their education. The students will also receive financial assistance for their living expenses.
Required Documents
As such there is no list of the documents given for applying under this program. The applicants have to check the application process of their desired college. There you will find the documents that are required to apply for the Mastercard Foundation scholarship program.
Eligible Countries
This includes Africans who have been forcibly displaced or have refugee status within the African continent. Those with dual citizenship, asylee, refugee, or permanent resident status in the US, Canada, UK, or EU are not eligible.
Selection Process
The applicants will be selected by the below-given procedure:-
- The applicants should be able to clear the eligibility criteria for getting selected under this program.
- The applicant should be a permanent resident of Africa.
Application Process
Our partner universities and non-governmental organizations carry out the Mastercard Foundation Scholars Program. Each partner handles the application process and decision-making on their own. You must apply directly through the university you want to attend that is involved with the Mastercard Foundation Scholars Program if you want to be considered as a Mastercard Foundation Scholar.
Helpline Number
- 27(0) 21 650 2822
Important links
FAQs
What is the Mastercard Foundation Scholarship program?
The scholarship program was launched for the African nationals to support them in their studies.
What are the benefits of this program?
The applicant will receive financial assistance under this program.
What are the eligibility criteria for applying to this program?
The applicant should be a permanent resident of Africa.
Can I apply online for this scheme?
Yes, you can apply online for this program by visiting the official website of the program.
