2015/2016 OFID Scholarship for Student from Developing Countries. (US$50,000.)

Application Deadline: May 8 2015

OFID (The OPEC Fund for International Development) is pleased to announce that qualified applicants who have obtained or are on the verge of completing their undergraduate degree and who wish to study for a Master’s degree are welcome to apply for the OFID Scholarship 2015/2016. 

OFID scholarships will be awarded to four students or candidates for master’s degree studies. Applicants must be from a developing country (except OFID Member Countries),  and he/she must first obtain admission to pursue a Master’s degree studies in a relevant field of development, from any recognized university/college in the world.

Through its scholarship scheme, OFID aims to help highly motivated, highly driven individuals overcome one of the biggest challenges to their careers – the cost of graduate studies. The winners of the OFID Scholarship Award will receive a scholarship of up to US$50,000. The funds will be spread over a maximum of two years, toward the completion of a Master’s degree, or its equivalent, at an accredited educational institution, starting in the autumn of the academic year 2015/2016.

Eligibility

• Must be between the ages of 23-32 at the time of submitting his/her application
• Must have obtained or be on the verge of completing their undergraduate degree with a Baccalaureate from an accredited college/university, or its equivalent
• Must have a minimum cumulative GPA of 3.0 or higher on a 4.0 rating system, or its equivalent
• Must be matriculated at an accredited university for the upcoming academic year starting August/September 2015, and must maintain full-time status for the duration of the Master’s Degree
• Must be a national of a developing country (except OFID Member Countries
• Must select a subject of study that pertains to OFID’s core mission, such as: economics of development (poverty reduction, energy and sustainable development), environment (desertification), or other related science and technology fields.

Disbursement of the Scholarship Fund

The terms and conditions of payment will be determined in coordination with the student upon his/her selection in accordance with the following guidelines:

The tuition fees, including any supplementary examination fees, as may be required by the academic institution, will be paid by OFID directly to the academic institution. Health insurance will be paid in accordance with the institution’s own standard medical scheme.

A monthly allowance to cover living expenses, books and accommodation, will be transferred to the student’s own personal bank account.