How to Win the MasterCard Foundation Scholarship in 2024

Are you smart, intelligent and passionate about community development? Do you want to study at the best universities in the world for an undergraduate or master’s degree but cannot afford to? This video is for you!

Every year, the MasterCard Foundation offers fully-funded grants and scholarships to African students whose talent and promise exceed their financial resources to complete their education. The Program provides full financial, social, and academic support to Scholars. Financial support includes, but is not limited to, tuition fees, accommodation, books, and other scholastic materials.

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In the words of a past MasterCard foundation scholar, “It is like getting paid to go to school”.

In this video tutorial, you will learn how to apply to win the MasterCard Foundation scholarship program.

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Let’s look at what it takes to become a MasterCard Foundation Scholar.

Excel academically

You must have demonstrated academic excellence under difficult circumstances to earn a MasterCard Foundation Scholarship You must also demonstrate a track record of leadership, service and activity within your school and/or community.

Come from an economically disadvantaged background

The program is for talented individuals who have no other means of acquiring the further education to help realize their dreams and ambitions. You must be able to show a lack of financial means from family or other sources to pursue your education in your home country or elsewhere.

Have demonstrated the will to give back to your community, country, or continent

The MasterCard Foundation Scholarship seeks well-rounded students who are engaged in activities beyond the classroom. Some may be directly related to your field of study, but this may also include other social, economic and political issues that you are working on and passionate about. You should be able to elaborate on your achievements both in your application for admission and on the Scholarship application.

Intend to return to your home country after completing your studies

The program and its partners are looking for students who are passionate about issues affecting their communities, and who will take advantage of their education to better equip themselves with the knowledge and training to address these issues upon return. While important work can be done from abroad, this Program intends to enable Scholars to return home, after forming valuable professional connections through internship and job placements.

If you meet all of these criteria, follow these steps before you apply for the program.

• Carefully research the Program website of the university of your choice to learn the specific details about eligibility criteria, requirements, deadlines, and other application instructions.
• Select the institution and program you want to apply to. While there is no limit to the number of schools you can apply to, it is important to note that it takes a great deal of effort to complete an application package. So be sure to start your application process early.
• Prepare the necessary documents to submit. Each institution requires different types of documents as part of the application process.
• If applicable, take the required tests a few months before starting your application. Before being considered for the Mastercard Foundation Scholars Program, every applicant must first meet the admissions requirements of the university. For some partners, tests like the SAT and/or TOEFL or IELTS are part of the standard requirements for all international students. Other university partners do not require these to be completed.
• Ask for references. Most universities will require recommendation letters. Before you apply, ask someone who knows you well, such as your teacher, mentor, or community leader, to support you with this step.
• Take note of the deadline and avoid waiting until the last day to submit your application. Check your application package to make sure that you have submitted all the required documents. A late or incomplete application will not be considered for the Scholars Program.

When applying for the MasterCard scholarship program keep in mind the personality that makes a MasterCard Foundation Scholar as previously mentioned in this video. And make sure to reflect this throughout your application.

Once you have done everything you need to do and have submitted your application, hope for the best. You could just be the next person to be paid in full for going to school.

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Do you want to study abroad? Note that obtaining a bachelor’s degree or a master’s degree in this field helps to improve your chances in the labour market. Studying abroad is no joke for international students due to the cost. However, you can achieve your dreams without breaking the bank by applying for student loans, which you can pay for as long as 10 years. 

MPower Finance and Prodigy Finance are some of the best student loan providers for international students. They also do not require a cosigner or collateral before an application. Reach out to us today, and let’s help you begin the process.