The Mastercard Foundation Scholars Program represents one of the most significant educational initiatives available for talented students facing economic barriers.
This transformative scholarship opportunity provides comprehensive support to academically gifted young people, particularly from Africa, enabling them to pursue higher education at prestigious institutions in the United States and around the world.
What is the Mastercard Foundation Scholars Program?
The Mastercard Foundation Scholars Program was established in 2012 as a visionary initiative designed to develop young leaders who will contribute to social and economic transformation.
The program identifies academically talented students from economically disadvantaged backgrounds who demonstrate a commitment to giving back to their communities.
This program goes beyond mere financial assistance. It provides a holistic support system that includes:
- Full financial support covering tuition, books, housing, and living expenses
- Leadership development opportunities
- Mentoring and career guidance
- Access to internships and employment networks
- Community service engagement
Partner Universities in the United States
The Mastercard Foundation has partnered with several prestigious universities in the United States, including:
- Arizona State University
- Duke University
- Michigan State University
- Stanford University
- University of California, Berkeley
- Wellesley College
Each partner institution offers different programs and opportunities for scholars, aligning with the Foundation’s mission of preparing young leaders for positive social impact.
Eligibility Requirements
The program seeks candidates who meet specific criteria:
- Academic excellence and leadership potential
- Financial need that would otherwise prevent pursuit of higher education
- Commitment to giving back to your home community/country
- Primarily students from Africa (with specific focus countries that may vary by institution)
- Typically seeking undergraduate or graduate education
- Strong ethical character and service orientation
Application Process
The application process for the Mastercard Foundation Scholars Program varies slightly depending on the partner institution, but generally follows these steps:
- Research Partner Institutions: Review the list of partner universities to identify those offering programs aligned with your academic interests.
- Prepare Required Documents: Typically includes:
- Academic transcripts
- Standardized test scores (SAT, ACT, TOEFL, or IELTS)
- Personal statement or essays
- Letters of recommendation
- Proof of financial need
- Evidence of leadership and community involvement
- Submit Applications: Apply directly to your chosen partner institution, indicating your interest in the Mastercard Foundation Scholars Program within your application.
- Selection Process: Selected candidates may participate in interviews or additional assessment activities.
- Notification: Successful applicants receive notification directly from the partner institution.
Application Deadlines
Application deadlines vary by institution but generally fall between October and January for programs starting the following academic year. Here are typical timeframes:
- Early decision/action: November
- Regular decision: January-February
- Graduate programs: December-January
Important Note: Always check the specific deadlines for your target institution as they may change annually.
Benefits of the Program
Scholars in this program receive comprehensive support that addresses both academic and personal needs:
- Financial Support: Full coverage of tuition, fees, housing, meals, books, and stipends
- Academic Support: Tutoring, research opportunities, and academic advising
- Social Support: Cohort activities, cultural adjustment assistance, and networking events
- Career Development: Internships, career counseling, and professional skills development
- Leadership Training: Workshops, conferences, and service-learning projects
How to Maximize Your Application
To strengthen your application:
- Demonstrate clear academic excellence through your grades and test scores
- Articulate your commitment to giving back to your community
- Showcase leadership experiences and potential
- Clearly explain your financial circumstances and need
- Connect your educational goals to the mission of creating positive social change
- Research each institution thoroughly to align your application with their specific values
Conclusion
The Mastercard Foundation Scholars Program represents a life-changing opportunity for academically talented students with financial constraints.
By providing comprehensive support that extends beyond financial assistance, the program equips young leaders with the tools, networks, and experiences needed to drive positive change in their communities and beyond.
Frequently Asked Questions
Is the program only for African students?
While the program primarily focuses on students from Africa, eligibility may vary by institution. Some partner universities may consider students from other regions facing similar economic challenges.
Does the scholarship cover travel expenses?
Yes, in most cases, the scholarship covers travel to and from the United States.
Can I apply to multiple partner institutions?
Yes, you can apply to multiple institutions, but you will need to submit separate applications following each university’s specific requirements.
What fields of study are supported?
The scholarship supports a wide range of academic disciplines. Partner institutions may have specific focus areas, so research each university’s offerings.
Is there a service commitment after graduation?
While there is no formal contractual obligation, scholars are selected based on their commitment to returning to their countries or communities to apply their knowledge and skills toward positive social change.
Are there age restrictions for applicants?
Age requirements vary by institution and program level. Generally, most undergraduate programs seek traditional college-age students, while graduate programs may have more flexibility.