Mastercard Foundation Scholarship 2023

Are you interested in an international scholarship where you can go far and wide and become a successful person? You should look less to get more with MasterCard Foundation Scholarship 2023. MasterCard Foundation is now accepting suitably qualified candidates for its scholarship scheme for the 2022 cohort. This is an opportunity for you to outshine the moon with a quality education that will be specially sponsored by MasterCard Foundation. The scholarship will help you to stand out from your peers. It will be a chance for you to be a MasterCard scholar. You can choose from different categories that suit your personality. The scholarship scheme will be a dream come true for you and your people and the world at large for the contribution you will later make after you finish your course of study in your choice of institution.


MasterCard Inc. is an American financial services company that has branches scattered all around the world. It is financial services and business organization. It has its Headquarters in Missouri, United States of America. It was founded in 1966. It is the foremost issuer of credit and debit cards known as MasterCard, the most used payment and transactional card. It has over $33 billion in an asset. It has a total staff capacity of 21000 and has over 250000 financial partnership institutions.

What is  Foundation Scholarship

MasterCard Foundation is a nonprofit arm of MasterCard Inc. It is aimed at advancing and promoting education. It is of mission to ensure every man educates and progresses. It is primarily focused on young people who are generally believed to be future leaders. The foundation not only believes in learning for prosperity and success, but it also believes in food security by assisting small-hold farmers to have a bumper harvest. It has its headquarters located in Toronto, Canada.

The Foundation came into being in the year 2006. The charity organization has unofficial branches in 49 countries. Apart from all the causes, the organization has championed, it is also doing everything to bridge the gender gap. But the Foundation makes education more priority.

 MasterCard Foundation Scholarship

The scholarship scheme is to ensure education is accessible to all regardless of social belongings. The scholarship provides education for students in many third-world countries. It has become a household name scholarship that many students run to a scholarship to secure education haven. The Foundation partners with many institutions across the world to give scholarship opportunities to exceptional students.

The scholarship is on the mission to make sure everyone is prospered and progressed through education. The program students from low-income countries but academically exceptional to access world-class institutions. The scholarship scheme is implemented through partner institutions across the world.

This scholarship scheme will give you the honor you deserve as a person. It will throw you into the limelight of quality education and give you international recognition through A-grade education from world-renowned institutions. Giving this scholarship opportunity a shot will be the best thing you will ever do for yourself and your family. The scholarship scheme will give you the most valuable and honorable life. Try not to play it down so that you can get the best out of yourself.

Category of the Scholarship

The scholarship is categorized into three

1. Secondary Education

This category is only meant for high school students and the scholarship scheme is managed by:

  • Camfed International
  • Equity Group Foundation

2. Undergraduate Category

This scholarship is meant for undergraduate students and administered by:

  • African Leadership Academy
  • American University of Beirut
  • Ashesi University College
  • Kwame Nkrumah University of Science and Technology (KNUST)
  • University of Abomey-Calavi
  • University of Cape Town
  • University of Edinburgh
  • University of Gondar
  • University of Pretoria
  • Wellesley College
  • EARTH University
  • Makerere University
  • United States International University Africa
  • African Leadership University

3. Master Category

This scholarship is meant for those who pursue a Master’s program

  • University of British Columbia
  • University of Cape Town
  • University of Edinburgh
  • University of Gondar
  • University of Pretoria
  • University of California, Berkeley UCB
  • University of Toronto (UofT)
  • African Institute for Mathematical Sciences (AIMS)
  • American University of Beirut
  • Arizona State University
  • Carnegie Mellon University Africa
  • McGill University
  • Sciences Po

All the institutions are in charge of administering the scholarship scheme. And applicants have to contact them to get a scholarship slot; applicants have to apply through them.

Who is Eligible for MasterCard Foundation?

For any applicants to qualify for the scholarship, they must be within the ambit of this eligibility.

  • Applicants must be citizens of low-income countries such as sub-Saharan African countries.
  • Applicants must be academically talented.
  • Applicants must have prerequisite qualifications
  • Applicants must be secondary school students, undergraduate or master’s degree students
  • Applicants must have been accepted by one of the partner institutions.

Required Documents

For any applicants to be considered for the scholarship, candidates must have the following documents or as requested by partners of the Foundation

  • Last High School Result
  • High School Certificate
  • University Transcript (officially signed and stamped)
  • Semester Result (for undergraduate students)
  • School Identification Card
  • Traveling Documents
  • Letters of References
  • Recommendation Letters

Note: These are not all the documents that may be required because other documents may be required by the partners of the foundation. All these are just common documents that almost all the international scholarship granters usually request.

What Does the MasterCard Scholarship Cover?

The scholarship scheme is fully funded as it covers all expenses that will sustain the academic success of the selected scholars. Below are some of the expenses to be covered by the scholarship.

Tuition fees ( the scholarship scheme will cover the duration of course of the recipients)
Monthly payment (for upkeep and welfare management)
Course Materials (textbooks purchasing)
Return ticket

Application Process

Application for the scholarship is to be done online. Applicants should provide their details from their full name, email address, home address, and then candidates should attach and upload their required documents on the website of the Foundation’s institution’s partners.

How Do I Get a Knust MasterCard Scholarship?

The selection of candidates is dependent on the institution where applicants intend to study. Applicants should start their application from the institution of their choice which will determine and evaluate applicants’ applications.
For further information about the scholarship, you can check here

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