The student's head of family or another guarantor is required to co-sign the loan agreement. For PhD students, scholarships are awarded for the first two years, after which students are expected to find funding from alternative sources.Ī cumulative service charge of five percent per annum is levied on the amount of the loan. Scholarships for Master’s studies are granted for the entire duration of the degree course. 50 percent of the award amount needs to be paid back by the applicant). The ISP awards are structured as a half grant and half loan (i.e. Students who are part of the final, global round will be informed of the outcome of their application shortly thereafter. Local scholarship committees may interview applicants about their financial situation, academic performance, extra-curricular achievements and career plans.Īs this is a global, competitive award, final decisions are made by an international selection panel in July. Late or incomplete applications will not be accepted. Interested students must contact the local office for application forms, deadline dates and application requirements, as these may vary by country.Ĭompleted applications must be submitted to the agency from which the ISP application form was obtained. The 2024-2025 cycle will open in January 2024. Preference is given to young professionals under 30 years of age.Īpplications for short-term courses are not considered neither are applications from students who have already commenced their postgraduate studies or who are enrolled in part-time programmes. While not exhaustive, the following list of other scholarships and financial assistance programmes may be of interest to applicants. Applicants are requested to make every effort to obtain funding from other sources, so that the amount requested from the Foundation can be reduced to a minimum. The Foundation only accepts applications of eligible nationals listed above who are residing in one of the countries where there are local Aga Khan Foundation (AKF), Aga Khan Education Services (AKES), or Aga Khan Education Board (AKEB) offices that process applications and interview candidates.Īs the ISP must be considered a lender of last resort, preference is given to those who have been able to secure funding from alternative sources. applicants residing in India must apply via the local office in India, while those residing in Kenya must apply via the local office in Kenya, and so on. As applications are handled by local entities, interested individuals must liaise with the appropriate country-based unit (contact details provided below). Īpplicants must be a national residing in one of the aforementioned countries. At present, the ISP is available in: Afghanistan, Bangladesh, Canada*, Egypt, France*, India, Kenya, Kyrgyz Republic, Madagascar, Mozambique, Pakistan, Portugal*, Syria, Tajikistan, Tanzania, Uganda and the USA*. Strong professional experience, extracurricular achievements, volunteer contributions and leadership skills.Īward recipients are selected through an annual competitive application process.Local/regional universities and distance learning programmes are acceptable for ISP funding, if the quality of the courses is maintained. The programme gives priority to Master's degree courses but also considers applications for PhD studies. Admission to a reputable postgraduate institution of higher learning.All students are encouraged to try to reduce the amount requested from the Foundation by applying to other sources of assistance as well. The award funding need is determined individually, by deducting from the eligible student expenses, the total of other grants, loans (if any), parental contribution and student employment income. Applicants must demonstrate that they have explored and secured multiple sources of funding. Financial assistance is provided according to the needs of students, but the ISP must be considered a resource of last resort. The ISP aims to support gifted, outstanding students from developing countries, who have no other means of financing their studies, to pursue full-time postgraduate studies at reputable higher education institutions of their choice.Īpplicants must meet the following criteria in order to apply for the programme: The Aga Khan Foundation’s International Scholarship Programme (ISP) was established by His Highness the Aga Khan.
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