The MasterCard Foundation Scholars Program is one of the most prestigious scholarship programs for students from various countries around the world. This program helps talented students who face financial challenges to pursue higher education and become leaders in their communities. It aims to provide opportunities for these students to receive education and skills that will help them contribute to the development of their countries.
In this blog post, we will explore everything you need to know about the MasterCard Foundation Scholars Program, including its benefits, eligibility, application process, and more.
Program Summary
Host Country: Various countries, including the United States, Canada, and African countries
Host University: Partner universities, including institutions in the U.S., Canada, and Africa
Duration: 4 years (undergraduate) or 2 years (master’s degree)
Funded By: The MasterCard Foundation
Scholarships Coverage: Full tuition, living expenses, travel, and other program-related costs
What You Need To Know About MasterCard Foundation Scholars Program
The MasterCard Foundation Scholars Program is designed to support young people who have the potential to lead in their communities but need financial help to achieve their educational goals. It offers a chance for students from different parts of the world to study at top universities, where they can gain valuable skills and knowledge. These scholars are selected based on their academic achievements, leadership potential, and dedication to improving their communities. The program not only provides financial support but also focuses on developing the leadership qualities of its scholars.
The program began in 2012 and has since helped thousands of students. It works with several partner universities, especially in Africa, where many of the scholars come from. The MasterCard Foundation Scholars Program is known for its holistic approach to education, offering much more than just a scholarship. Scholars are given opportunities for leadership training, internships, and community service, helping them grow into well-rounded individuals ready to make a positive impact in their home countries.
Key Features of MasterCard Foundation Scholars Program
The main features of the MasterCard Foundation Scholars Program are:
1. To provide talented students with the opportunity to pursue higher education without financial barriers.
2. To develop the leadership potential of scholars and prepare them for roles in their communities.
3. To support students who are committed to giving back to their communities after completing their education.
4. To create a network of scholars who can work together to solve global challenges.
Target Countries
The MasterCard Foundation Scholars Program targets students from countries where financial barriers prevent them from accessing higher education. The program specifically focuses on African countries, but it also accepts students from other regions, such as Latin America and Asia. The foundation aims to support students from diverse backgrounds who have shown leadership potential and a commitment to improving their communities.
Some of the countries that the program particularly targets include:
• Countries in sub-Saharan Africa
• Countries in Latin America
• Countries in Asia
However, the program is open to all students who meet the eligibility requirements, regardless of their country of origin.
Scholarship Coverage
The MasterCard Foundation Scholars Program offers a wide range of benefits that cover many aspects of a scholar’s education and living expenses. The program is designed to ensure that scholars can focus fully on their studies without worrying about financial issues. Below are the main benefits and scholarship coverage:
1. Full Tuition Fees: The scholarship covers the full cost of tuition at the host university, so scholars do not have to pay for their education.
2. Living Expenses: Scholars are provided with allowances for their living costs, including accommodation, food, and other essentials.
3. Travel Costs: The scholarship covers travel expenses, including flights to and from the host country, so scholars can attend their studies without worrying about travel costs.
4. Health Insurance: Scholars receive health insurance to cover their medical expenses while studying abroad.
5. Leadership Training: The program provides leadership training that helps scholars develop essential skills such as communication, teamwork, and problem-solving.
6. Internship and Community Service Opportunities: Scholars are encouraged to participate in internships and community service programs that help them gain real-world experience and contribute to their communities.
7. Cultural Exchange: Scholars get the chance to interact with students from different cultures, which helps broaden their perspectives and understanding of the world.
Eligibility Requirements for MasterCard Foundation Scholars Program
The MasterCard Foundation Scholars Program is open to students who meet certain eligibility criteria. While the exact requirements may vary depending on the host university and program level (undergraduate or master’s degree), here are some of the general eligibility requirements:
1. Academic Excellence: Applicants must have a strong academic record and demonstrate their ability to succeed in their chosen field of study.
2. Financial Need: The program is intended for students who face financial challenges and cannot afford to study without assistance.
3. Leadership Potential: Applicants should have shown leadership abilities in their communities or schools, whether through volunteer work, extracurricular activities, or other forms of community engagement.
4. Commitment to Returning to Home Country: Scholars must demonstrate a strong desire to return to their home country after completing their studies to contribute to its development.
5. High School Graduation (for Undergraduate Program): For undergraduate applicants, they must have graduated from high school with excellent grades and be ready to start their university education.
6. Bachelor’s Degree (for Master’s Program): For master’s applicants, they must have completed a bachelor’s degree and meet the specific requirements of the program they wish to apply for.
How to apply for MasterCard Foundation Scholars Program
Applying for the MasterCard Foundation Scholars Program is a detailed process that requires careful attention to the application instructions. Here’s a simple step-by-step guide on how to apply:
Step 1. Check the Eligibility Criteria
Before you start the application process, make sure you meet all the eligibility requirements for the program.
Step 2. Choose a Partner University
The MasterCard Foundation Scholars Program works with several partner universities. Research the universities that offer the program and decide which one fits your goals and academic interests.
Step 3. Prepare Your Documents:
You will need to gather various documents for your application. This may include:
• Your academic transcripts
• A letter of recommendation from a teacher or community leader
• Proof of financial need
• A personal statement explaining your academic and leadership goals
Step 4. Fill Out the Application Form
Visit the website of the partner university offering the scholarship and complete the application form. Ensure that all fields are filled in accurately and clearly.
Step 5. Submit Your Application
After completing the form and attaching your documents, submit your application before the deadline. Make sure you follow all the instructions carefully to avoid errors.
Step 6. Prepare for an Interview
If your application is shortlisted, you may be invited for an interview. This is a chance for the program coordinators to learn more about your background, goals, and leadership potential.
Step 7. Wait for the Results
After the interview, the MasterCard Foundation will review all applications and inform you if you have been selected for the scholarship.
Opportunities Available For MasterCard Foundation Scholars Program
There are many reasons why the MasterCard Foundation Scholars Program is a fantastic opportunity for students who want to pursue higher education. Here are a few reasons why you should consider applying for this program:
Financial Support
The MasterCard Foundation Scholars Program offers full financial support, covering tuition, living expenses, travel, and more. This allows you to focus on your studies without worrying about the cost of education.
Quality Education:
The program partners with some of the best universities around the world. By being part of this program, you will have the opportunity to learn from top professors and access resources that can help you succeed academically.
Leadership Development
The program is focused on developing your leadership skills. You will be given opportunities for leadership training, internships, and community service that will prepare you for leadership roles in the future.
Networking Opportunities
As a MasterCard Foundation Scholar, you will be part of a global network of talented individuals who share similar goals and values. This network can help you make valuable connections that will be useful throughout your career.
Required Documents
To apply for the MasterCard Foundation Scholars Program, you will need to submit several documents as part of your application. The required documents may vary slightly depending on the university, but generally, you will need to provide the following:
1. Academic Transcripts
Your most recent academic records, including grades from high school or university. These transcripts will show your academic performance and achievements.
2. Proof of Financial Need
Since the program is designed for students who face financial barriers, you will need to provide evidence of your financial situation. This could include income statements from your family or financial aid documents.
3. Letters of Recommendation
You will usually need to submit at least two letters of recommendation. These letters should come from teachers, community leaders, or others who can speak about your character, achievements, and leadership potential.
4. Personal Statement
A personal statement is your chance to explain why you are applying for the MasterCard Foundation Scholars Program, your academic and career goals, and how you plan to use your education to benefit your community.
5. Passport Copy or National ID
You will likely need to provide a copy of your passport or a national ID as part of your application.
6. English Proficiency Test Scores
If the language of instruction at the host university is English and you are not from an English-speaking country, you may be required to submit English proficiency test scores, such as TOEFL or IELTS.
How To Submit A Successful Application
Applying for the MasterCard Foundation Scholars Program is a competitive process, so it’s important to put your best foot forward. Here are some tips to help you submit a successful application:
Follow Instructions Carefully
Make sure to read all the instructions on the application form and follow them precisely. If you don’t follow the guidelines, your application may be disqualified.
Be Honest
In your application, be honest about your academic achievements, financial situation, and goals. The selection committee will appreciate your transparency.
Show Your Leadership Potential
The program looks for students who show leadership qualities. In your personal statement and letters of recommendation, highlight examples of how you’ve demonstrated leadership in your community or school.
Proofread Your Application
Before submitting your application, carefully proofread it to avoid any spelling or grammatical errors. A polished application will make a better impression on the selection committee.
Submit All Required Documents
Ensure that you provide all the necessary documents and that they are complete and up to date. Missing documents can hurt your chances of being selected.
Opportunities After Graduation
Once you complete the MasterCard Foundation Scholars Program, you will have many opportunities to continue your journey and make a meaningful impact in your community. Here are some post-fellowship opportunities:
Career Support
The program offers career services that help you transition into the workforce. You will have access to job opportunities, mentorship, and career counseling that can help you find the right path after graduation.
Networking with Alumni
As a MasterCard Foundation Scholar, you will be part of an exclusive alumni network. This network can help you connect with other scholars and professionals in your field, giving you valuable connections and career opportunities.
Community Leadership
After completing your education, the program encourages scholars to return to their home countries and apply what they have learned to make a difference.
Ongoing Support
Even after completing the program, scholars can stay involved with the MasterCard Foundation community. The Foundation offers ongoing support and resources to help alumni continue their personal and professional development.
Website
For more information about the MasterCard Foundation Scholars Program, including how to apply, eligibility requirements, and a list of partner universities, you can visit their official website. The website also provides updates on application deadlines, news, and additional resources for scholars.
Frequently Asked Questions and Answers
Who can apply for the program?
The program is open to students from Africa, Latin America, and Asia who meet the academic and financial criteria and show leadership potential.
What does the scholarship cover?
The scholarship covers tuition, living expenses, travel, health insurance, and other costs associated with studying abroad.
How do I apply for the scholarship?
You can apply by visiting the website of the partner university offering the scholarship, filling out the application form, and submitting all required documents.
How many scholarships are available each year?
The number of scholarships varies each year, depending on funding and available positions at partner universities.
Can I apply for a master’s degree program?
Yes, the MasterCard Foundation Scholars Program offers scholarships for both undergraduate and master’s degree programs.
Conclusion
The MasterCard Foundation Scholars Program is an excellent opportunity for talented students who need financial assistance to pursue higher education. By offering full financial support, leadership training, and post-graduation opportunities, the program helps scholars achieve their academic goals and become leaders in their communities. If you are passionate about education and committed to making a difference, the MasterCard Foundation Scholars Program could be the perfect fit for you. Take the time to prepare your application, and you could be on your way to a brighter future with the help of this incredible scholarship.