ASU scholarship for African Student 2025: Mastercard Foundation
Introduction to the Mastercard Foundation
The Mastercard Foundation is an international organization that plays a crucial role in supporting initiatives aimed at reducing poverty and promoting education across the globe. Established in 2006, the foundation’s core mission revolves around enhancing the financial capabilities of underserved people, particularly in developing regions.
Key Focus Areas
One of the significant focus areas of the Mastercard Foundation is financial inclusion. By facilitating access to financial services, the foundation empowers individuals to manage their finances effectively and build sustainable livelihoods. Additionally, the organization strongly supports education through various programs that aim to provide opportunities for youth, particularly young women, to enhance their skills and access quality learning. This commitment to education aligns with the foundation’s broader goal of fostering economic growth and resilience.
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Global Reach and Partnerships
The Mastercard Foundation operates in numerous countries and collaborates with various partners, including governments, non-profits, and other stakeholders. These partnerships help to leverage resources and expertise, ensuring that initiatives reach the communities that need them the most. By fostering a collaborative approach, the Mastercard Foundation significantly amplifies its impact, working towards a world where everyone has the opportunity to prosper.
The Mastercard Foundation, in collaboration with Arizona State University (ASU), is offering graduate scholarships to empower 120 young African professionals over five years (2025 – 2030) with master’s degrees in various fields. This immersive, on-campus program focuses on technology and innovation to prepare the next generation of leaders for Africa’s growing digital economy.
For the 2025/2026 academic year, 30 fully funded scholarships are available. These scholarships will cover full tuition, accommodation, and other essential expenses for the two-year master’s program.
Beyond financial support, Scholars will also engage in leadership development, mentorship, and various activities as part of the broader Mastercard Foundation Scholars Program at ASU.
During the academic year, Scholars can work part-time on campus with the Baobab Platform or other departments at ASU. Between their first and second year, Scholars will participate in a two-month, Africa-based internship aligned with their field of study. A key goal of this scholarship is for graduates to return to their home countries and contribute to their communities’ social and economic development.
This program encourages women, refugees, displaced persons, and individuals with disabilities to apply. ASU is dedicated to creating an inclusive learning environment, ensuring accessibility for all students.
Scholarship Overview:
- Level: Master’s
- Location: Arizona State University, USA
- Sponsor: Mastercard Foundation
- Funding: Fully Funded
- Duration: 24 months
- Eligible Countries: African countries
- Benefits: Full tuition, medical expenses, travel costs, book/course fees, and internships
- Application Deadline: November 3, 2024
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Eligibility Criteria:
- Applicants must be citizens of African countries and demonstrate strong leadership and community engagement.
- Age: Between 18 and 33 years old by the application deadline.
- Academic excellence and financial need must be demonstrated.
- Must hold an undergraduate degree by July 2025 and be prepared to live in Phoenix, Arizona, for the duration of the program.
Scholarship Benefits:
- Visa processing fees
- English language testing fees
- Application fees
- Airfare to and from Phoenix
- Full tuition, books, and fees
- Medical coverage
- On-campus housing
- Participation in scholarship-related programming
Application Process:
- Apply for the scholarship first; if successful, you will be guided through the admission process at ASU.
- Interviews will take place in November 2024, with decisions announced by January 2025.
- Scholars will begin their journey at ASU in August 2025.
Required Documents:
- CV/Resume
- Letter of Recommendation
- Transcripts.
How to Apply
There are 2 ways to submit your application:
- We encourage applicants to submit an online application.
- To proceed to the online application, please click NEXT.
OR
- If you have limited internet access, click to HERE view and download the PDF version of the form.
- To submit, please email your completed application and all required attachments (CV/Resume, Letter of Recommendation, and Transcripts) to: mastercardfndnscholars@asu.edu.
Deadline: 3rd November, 2024.
