Mastercard Foundation Scholarships

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Mastercard Foundation Scholarships

Are you pursuing your undergraduate (bachelor’s) or Graduate (master’s) program but require financial support to pursue your education? Congratulations, as you have reached the right destination! The Mastercard Foundation is seeking a way to help you receive the best educational assistance to complete your education and accomplish your goal. The Mastercard Foundation is glad to announce the Mastercard Foundation Scholarship for those who dream of completing their Undergraduate (bachelor’s) or Graduate (master’s) program and are already enrolled in the respective program, but finances make them weak. The foundation understands the importance of completing their education and is inspiring more students to pursue higher education.

The purpose of the Mastercard Foundation is to establish a world where all have the opportunity to learn and prosper. They are involved in advancing education and financial inclusion to catalyze prosperity in developing countries. The foundation focuses on helping economically disadvantaged young people in Africa to find chances to move themselves, their families, and their communities out of misery to a better life.

The Mastercard Foundation was created in 2006 by Mastercard International and works independently under its board of directors’ governance. Since its establishment, the foundation has risen from a small “start-up” with only three employees to one of the largest foundations in the world. The foundation is committed to approximately US$4.4 billion; they have partnered with visionary organizations to improvise financial inclusion and access to youth learning in Africa. Their goal is to provide secure employment to the young people and women in Africa by 2030. Using youth employment as a key measure of socio-economic progress, they are wholeheartedly involved in helping millions of people to find a pathway out of poverty.

Brief Description 

Students are requested to kindly go through the following table for more information about the scholarships:  

Organization Mastercard Foundation
Educational Level Undergraduate or the Graduate students
Access Mode Online 
Number of AwardsMultiple
CountryUnited States
Application Deadline         Open 
Application FeesNil

Who May Be Eligible

The eligibility criteria for the scholarship vary according to an institution to the fellow is applying, some common eligibility candidate needs to meet are:

  • The applicant must be having an outstanding academic performance
  • The fellow should need financial support
  • The candidate should be enrolled in community service or extracurricular activity
  • The candidate should be no more than 29years old for the undergraduate (bachelor’s) degree when they apply. 
  • The candidate applying for the graduate (master’s) degree must be 35 years old or under when they apply.

How to Apply 

The student must submit the complete application; the candidate must submit all the required documents as per the institution requirements they are applying to. The submission must be made via an online process as guided on the website before the deadline. The submission must be made without making any errors or mistakes in the application. Kindly ensure to provide the application before the deadline as the delayed submission will be rejected.

Supporting Documents 

Few mandatory documents:

  • The applicant must provide the recommendation letter
  • The student should submit the recent transcript 
  • If the student is an international student, the fellow must provide the SAT or TOEFL or the IELTS results.
  • The student should provide the proof of program they appear to 
  • The candidate must enlist the community services or the extracurricular activity involved


The awarded funds help the students to get through their financial expenses. Students are informed to utilize the scholarship to meet academic needs like tuition, fees, and other co-related expenses. The provided scholarship will develop confidence in the students. The application process of this scholarship is too easy to access.

Application Deadline

All the applications are now accepted will the deadline; please provide the submission before the due date as the late submission will not be accepted for the scholarship.

Apply Now

About the author

Indu has been educator since last 10 years. She can find all kind of scholarship opportunities in the USA and beyond. She also teach college courses online to help students become better. She is one of the very rare scholarship administrator and her work is amazing.