Brief description: 
The
 Aga Khan Foundation provides a limited number of scholarships        
each year for postgraduate studies to outstanding students from 
developing        countries who have no other means of financing their 
studies.  Scholarships are awarded on a 50% grant : 50% loan basis 
through a competitive application process once a year.
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.
Field of study:
Any; not specified.
Target group:
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 
Bangladesh, India, Pakistan,        Afghanistan, Tajikistan, Syria, 
Egypt, Kenya, Tanzania, Uganda, Mozambique,        Madagascar, France, 
Portugal, UK, USA and Canada.
Scholarship value/inclusions:
The
 Foundation assists students with tuition fees and living expenses only.
        The cost of travel is not included in AKF scholarships. 
Applicants are requested        to make every effort to obtain funding 
from other sources as well, so that        the amount requested from the
 Foundation can be reduced to a minimum. Preference        is given to 
those who have been able to secure some funding from alternative        
sources.
Eligibility:
Preference is given to students under 30 years of age.  See selection Criteria below.
Scholarship Criteria:
The
 main criteria for selecting award winners are: l) excellent academic   
     records, 2) genuine financial need, 3) admission to a reputable 
institution        of higher learning and 4) thoughtful and coherent 
educational and career        plans. 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.
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 instructions:
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.        Completed applications 
should be returned to the agency from which the form        was 
obtained, or to the address indicated on the front of the form. They    
    should not be sent to Geneva. The deadline for submission of 
applications        is 31 March, although in certain countries internal deadlines may be earlier.
It is important to visit the official website (link found below) for detailed information on how to apply for this scholarship.
Website:
Official Scholarship Website:  http://www.akdn.org/akf_scholarships.asp
Related Scholarships: List of Universities that offer Scholarships for Developing Country Students