The Mastercard Foundation Scholars Program provides more than tuition assistance. According to the Mastercard Foundation, the program offers financial, psychosocial, and academic support to selected Scholars.
What Does the Scholarship Cover?
The specific package can vary depending on the partner institution, but the Mastercard Foundation states that financial and other support can include:
- Tuition fees – Support toward the cost of the approved program of study.
- Accommodation – Assistance with housing during the period of study.
- Books and academic materials – Support for books and other scholastic materials required for education.
- Mentoring – Guidance to help Scholars succeed academically and professionally.
- Counselling – Psychosocial and wellbeing support throughout the Scholar’s journey.
- Leadership development – Opportunities designed to strengthen leadership skills and prepare young people to contribute to their communities.
- Return air travel – A return air ticket to the Scholar’s country of origin may be provided when necessary.
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The Foundation describes the program as providing wraparound support, covering areas such as accommodation, travel, financial support, learning resources and wellbeing services.
Is the Mastercard Foundation Scholarship Fully Funded?
The program provides substantial financial and non-financial support, but applicants should not assume that every Scholar receives an identical package. Partner institutions manage the program locally, and each institution has its own programs, admission requirements, timelines and application procedures.
Therefore, applicants should check the specific scholarship information provided by the partner university they are applying to.
What Levels of Study Are Covered?
The Mastercard Foundation Scholars Program currently provides scholarships at the secondary, undergraduate and master’s levels. The Foundation states that scholarships are not currently available for PhD candidates.
Does the Scholarship Include Leadership Development?
Yes. Leadership development is an important part of the program. The Mastercard Foundation describes the Scholars Program as an initiative intended to develop the next generation of transformative leaders, alongside providing access to education.
Scholars are therefore supported not only in completing their education but also in developing the skills and experience needed to transition into meaningful work and contribute to social and economic change.
How Do You Apply?
One important point for prospective applicants is that there is no single central application form for all Mastercard Foundation scholarships.
The program is implemented through partner universities and organizations. Applicants must identify an eligible partner institution and follow that institution’s application process. Each partner sets its own admission requirements and deadlines.
Admission to a partner university also does not automatically guarantee selection for the Mastercard Foundation Scholars Program because the scholarship is highly competitive.
Mastercard Foundation Scholars Program – Official Information
Key Takeaway
The Mastercard Foundation Scholarship can provide a comprehensive package covering tuition, accommodation, books and academic materials, mentoring, counselling, leadership development and, where necessary, return air travel. The exact benefits depend on the participating partner institution and the Scholar’s circumstances.
RELATED ARTICLE
Mastercard Foundation Scholars Program 2027: Fully Funded University Opportunities
Mastercard Foundation Master’s Scholarships 2027
Mastercard Foundation Undergraduate Scholarships 2027
Mastercard Foundation Online Scholarships 2027
Mastercard Foundation Partner Universities Offering Scholarships
Mastercard Foundation Opportunities for African Women
Mastercard Foundation Opportunities for Refugees and Displaced Young People
Mastercard Foundation Entrepreneurship Programs 2026–2027
Mastercard Foundation Jobs and Professional Opportunities 2026
How to Apply for Mastercard Foundation Scholarships 2027
What Does the Mastercard Foundation Scholarship Cover?
Mastercard Foundation Opportunities Young Africans Should Watch in 2027
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