Accepting applications Fully Funded

MasterCard Foundation Scholarship Program for Africans

Last updated Oct 21, 2026

Country

USA, South Africa, Ghana, Uganda, Costa Rica, Kenya, Canada

Level

undergraduate, masters, phd

Organization

The MasterCard Foundation

Field

manufacturing, telecommunications, banking, agriculture, various fields offered by partner universities

Funding

fully funded

Overview

The MasterCard Foundation Scholars Program aims to educate and develop academically qualified yet economically disadvantaged young people from Africa. The program's vision is to provide students with the knowledge and leadership skills necessary to contribute to the economic and social progress of the African continent. This is a $500 million program designed to support 15,000 African students over a period of 10 years.

Coverage

This is a comprehensive scholarship program offering holistic support. It provides full financial assistance covering tuition fees, uniforms, books and supplies, transportation, accommodation, and stipends. Beyond financial aid, scholars receive 21st-century skill-building enrichment in areas like critical thinking, communication, and entrepreneurship. The program also offers transition support, including mentoring, career counseling, internships, leadership development, and other life skills coaching. Graduates will also be connected through an alumni network for ongoing information, resources, and consultation opportunities.

Eligibility

This scholarship is specifically targeted at citizens of Sub-Saharan Africa who are academically qualified but come from economically disadvantaged backgrounds. Applicants must meet the specific eligibility criteria set by the individual host institution or university they are interested in, as these may vary.

Requirements

An integral component of the program is the commitment from scholars to give back to their communities and countries of origin. This commitment is demonstrated through volunteerism, community service, and other forms of experiential learning. Applicants must also fulfill the academic and other specific requirements of their chosen participating university.

How to apply

Applications for the MasterCard Foundation Scholars Program must be made directly to the participating university or institution of your choice. It is essential to visit the websites of the specific universities you are interested in, as well as the official MasterCard Foundation Scholars Program website (http://mastercardfdnscholars.org/) for detailed information on how to apply for this scholarship. The application deadline varies significantly by university.

Notes

The program aims to provide scholarships to 15,000 African students over a decade. Courses typically commence in September. The application deadlines for partner universities generally fall between January and July.

Source & Verification

Host organization: The MasterCard Foundation

Original source: Scholars4Dev

Official application page: http://mastercardfdnscholars.org/

Verify the deadline, eligibility, and document list on the official website before applying.

How to Apply

1

Read the full requirements

Visit the official application page and read all eligibility criteria carefully before investing time in the application.
2

Gather your documents

Collect transcripts, certificates, and references. Official copies may require apostille — start this process early.
3

Request recommendation letters

Contact your referees at least 4–6 weeks before the deadline. Brief them on the scholarship and your goals.
4

Write your motivation letter

Be specific about your goals, why you chose this program, and your plan to contribute to Ethiopia after completing your studies.
5

Proofread and submit early

Submit at least 3–5 days before the deadline. Technical issues are common — never submit on the last day.