MasterCard Undergraduate Scholarship Application 2024/2025

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In the world of educational funding, finding a scholarship that provides not just financial assistance but also opportunities for personal development and professional growth is like striking gold. The MasterCard Undergraduate Scholarship offers just that. 

Tailored for ambitious and high-achieving students who are from disadvantaged backgrounds, this scholarship aims to support individuals who have the potential to make significant contributions to their communities and the world at large. Let’s dig into the details of who is eligible for this prestigious award, how to apply, and the myriad benefits that come with being a MasterCard Scholar.

Who is Eligible for the MasterCard Scholarship? 

Determining eligibility for the MasterCard Undergraduate Scholarship is a crucial step for potential applicants. This scholarship targets a specific group of students with the aim of fostering future leaders who can contribute to global and community development. To ensure clarity and assistance in the application process, here is a detailed breakdown of the eligibility criteria:

  • Economic Background: The scholarship is designed for students who come from economically disadvantaged backgrounds, offering them an opportunity to pursue higher education which they might not have been able to afford otherwise.
  • Academic Excellence: Candidates must demonstrate high academic achievement and potential. This is typically measured through excellent grades in secondary school, national exams, and the potential to contribute to their communities and the world.
  • Age and Level of Study: Applicants should be of undergraduate college-going age, which generally means they should have recently completed their secondary education or are about to complete it. Specific age requirements can vary by region and institution.
  • Leadership Potential: The scholarship seeks individuals who have shown leadership potential and a commitment to making a difference in their communities. Examples might include volunteer work, community service, and involvement in extracurricular activities that demonstrate leadership skills.
  • Commitment to Giving Back: Candidates must express a desire and plan to give back to their communities after the completion of their studies. This aligns with the scholarship’s goal of creating a ripple effect of positive change across the globe.
  • English Proficiency: For institutions where the medium of instruction is English, applicants may be required to demonstrate proficiency in English, either through their secondary education medium or standardized tests like TOEFL or IELTS, depending on the institution’s requirements.

It’s important for applicants to carefully review these eligibility criteria, as well as any additional requirements that may be specific to the university or program they wish to apply to. Compliance with these eligibility requirements is the first step towards becoming a MasterCard Scholar and embarking on a journey of academic excellence, leadership development, and community service.

Read Also: Fully Funded Scholarships For Engineering Students 2024/2025

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How to Apply for the MasterCard Undergraduate Scholarship  

Applying for the MasterCard Undergraduate Scholarship is a comprehensive process that demands attention to detail and thorough preparation. To streamline your application and enhance your chances of becoming a MasterCard Scholar, follow these outlined steps:

Remember, the application process for the MasterCard Undergraduate Scholarship requires patience and perseverance. Start your preparations well in advance of the deadlines, and ensure that each part of your application showcases your strengths and potential to make a difference in the world.

The Benefits of Being a MasterCard Scholar

Becoming a Mastercard Foundation Scholar offers a multitude of benefits that extend beyond financial support for your education. Here’s a breakdown of some key advantages:

Financial Support:

  • Full tuition fees: The program covers the full tuition fees for your chosen undergraduate degree program at a partner university.
  • Living expenses: You receive a stipend to cover living expenses, such as accommodation, food, and transportation, during your studies.
  • Additional support: In some cases, the program might offer additional financial support for books, study materials, and healthcare costs.

Academic and Professional Development:

  • Mentorship: Dedicated mentors are assigned to scholars to provide guidance, support, and encouragement throughout their academic journey.
  • Leadership development: The program offers workshops, training sessions, and opportunities to develop leadership skills and build confidence.
  • Networking opportunities: Scholars connect with a global network of peers, alumni, and professionals, opening doors for future career prospects.
  • Academic resources: Access to dedicated academic resources, such as study skills workshops, writing assistance, and career counseling, can enhance your academic success.

Personal Growth and Impact:

  • Community engagement: The program encourages scholars to engage in community service and social responsibility projects, fostering a sense of purpose and leadership within their communities.
  • Personal development: Opportunities for personal and professional development workshops, retreats, and conferences can enhance your self-awareness, communication skills, and critical thinking abilities.
  • Global network: Connecting with fellow scholars from diverse backgrounds broadens your perspective, fosters cultural exchange, and creates lifelong friendships.
  • Pathway to success: The Mastercard Foundation Scholars Program empowers individuals to pursue their educational goals, become future leaders, and contribute positively to society.

The MasterCard Undergraduate Scholarship not only opens doors to higher education for disadvantaged students but also nurtures a holistic development journey, encompassing academic excellence, leadership growth, professional opportunities, and a lifelong commitment to community service.


Who is eligible for the Mastercard Scholarship?

Eligibility criteria for the Mastercard Foundation Scholars Program vary depending on the specific partner university and program. However, some general criteria might include:

  • Citizenship: Being a citizen of a country in Africa (specific countries might be listed by the program).
  • Academic achievement: Demonstrating strong academic performance in secondary education.
  • Financial need: Coming from a financially disadvantaged background.
  • Leadership potential: Showing leadership qualities and a commitment to making a positive impact in your community.
  • Meeting program-specific requirements: Some programs might have additional criteria like specific fields of study or demographic considerations.

Is the Mastercard Scholarship still open?

The application period for the Mastercard Foundation Scholars Program depends on the specific partner university and program.

Here’s what you can do:

What is the Mastercard Foundation Scholarship for 2024-2025?

The Mastercard Foundation Scholars Program provides ongoing financial and academic support to talented students from Africa.

How to apply for the Mastercard Scholarship at Ashesi University?

The Mastercard Scholarship at Ashesi University is an incredible opportunity for students who are interested in pursuing a career in technology. The scholarship is open to students from all over the world, and the application process is simple and straightforward. First, students must apply to Ashesi University. Once they have been accepted, they can then apply for the scholarship. The application includes a written essay, as well as a recommendation letter from a professor or academic advisor.

How much is Ashesi University’s school fees?

Ashesi University’s school fees vary depending on the program and the student’s nationality. For undergraduate students, the school fees range from $11,500 to $22,000 per year. For graduate students, the school fees range from $17,000 to $23,000 per year. For students who are citizens of African countries, the school offers a partial scholarship that covers up to 50% of the tuition fees. In addition, there are several external scholarships that students can apply for, which can cover the full cost of tuition. 


In conclusion, the MasterCard Undergraduate Scholarship Program is an excellent opportunity for students who are interested in pursuing a career in the financial services industry. The program offers students the chance to gain valuable work experience and make connections with professionals in the field. Additionally, the scholarship provides financial assistance to students who may not otherwise be able to afford the cost of their education. For those who are eligible, the MasterCard Undergraduate Scholarship Program is a worthwhile investment in their future.

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