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Financial Support

The Mastercard Foundation Scholars Program at MSU targets students living in sub-Saharan Africa who are economically disadvantaged (ranking in the lower 40 percent in their origin country based on family economic background and income).

Admission Fees

Advanced Enrollment Deposit

If you are accepted as a Mastercard Foundation Scholar, you are not required to submit the $250 Advanced Enrollment Deposit (AED). The Mastercard scholarship will cover this fee for those accepted to the Program. Selected scholars will be directed to take steps to secure their F-1 Visa.

Financial Information

Mastercard Foundation Scholar candidates are not required to submit financial information, including an Affidavit of Support, Statement of Financial Proof, or supporting bank statement. The only financial documentation required is contained in the MSU MasterCard Foundation Scholars Program application.

Expenses Covered by the Program

The Mastercard Foundation Scholarship provides comprehensive support for the completion of a bachelor's or master's degree. We cover:

  • Travel costs
  • Visa and SEVIS fees
  • Tuition and other MSU fees
  • Housing, food, and living expenses
  • Health insurance

Program Scholars are also provided with a laptop and backpack.

The Program does not provide support for dependents of Scholars.

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