Scholarships are awarded on a 50% grant : 50% loan basis through a competitive application process once a year in June or July.
The Foundation gives priority to requests for Master's level courses but is also willing to consider applications for PhD programmes, when doctoral degrees are necessary for the career objectives of the student.
Requests will also be considered for travel and study awards for PhD students doing their research in Third World countries on topics judged to be of interest to the Aga Khan Development Network.
Applications for short-term courses are not considered; neither are applications from students who have already started their course of study.
Geographic Scope: The Foundation accepts applications from countries where it has branches, affiliates or other AKDN agencies which can help with processing applications and interviewing applicants.
At present, these are include Kenya, Tanzania, Uganda, Mozambique and Madagascar.
Selection Criteria: The main criteria for selecting award winners are:
Candidates are also evaluated on their extra-curricular interests and achievements, potential to achieve their goals and likelihood to succeed in a foreign academic environment.
Applicants are expected to have some years of work experience in their field of interest.
Age Limit: Preference is given to students under 30 years of age.
Financial Assistance: The Foundation assists students with tuition fees and living expenses only.
Preference is given to those who have been able to secure some funding from alternative sources.
Loan Conditions: Half of the scholarship amount is considered as a loan, which must be reimbursed with an annual service charge of 5%.
A guarantor is required to co-sign the loan agreement.
The payback period is five years, starting six months after the study period funded by the Aga Khan Foundation.
Application Procedures: The application procedures of AKF's International Scholarship Programme are decentralised.
Students may obtain application forms as of January 1st each year from AKF offices or Aga Khan Education Services/Boards in their countries of current residence.
For more scholarship information and application, see: Aga Khan Foundation International Scholarship Programme Website