Break Your Boundary (BYB)

“Break Your Boundary” is an initiative led by Matilda foundation, aiming to provide financial support to determined candidates with financial difficulties. The program is a hybrid between a student loan program and a scholarship, where the foundation finances the candidates in full on the condition that the candidates will seek to pay back the principle when they can on their own terms. The payback will be used to finance candidates in the future batches. The foundation will not determine the payback period and will not collect interest.

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It is a scholarship from us, but a student loan for you.

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This initiative is founded upon a belief that education should not be a privilege. In Thailand, access to higher education is only viable to those with financial capability or those smartest kids who can win a scholarship. We want to expand the access beyond that. We think that opportunities should also be given to those who are most determined, have clear vision, and are willing to pay it forward. We believe that this hybrid approach will be a more sustainable solution that enables the the less fortunates to have freedom of choices, and financial support at the same time. The structure will also prove the determination of the applicants. If you are looking for ways to finance your higher education, and you are willing to pay the principle back (when you can) so others can have similar opportunity, why don’t you see whether we are the right fit for you?

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Applicable Field of Study: This program is open to all fields of study, as long as it is a master degree or above. A certificate course can also be considered if the candidates meet all of the other requirements mentioned below.

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Award Amount: Full tuition, fees and other costs directly related to the study, and reasonable amount of daily expenses as applicable. Applicants will have to submit their budget proposal, which lists out their planned expenses to the committee for review. The practicality and the appropriateness of the budget proposal will be taken into consideration along with candidates’ backgrounds and future plans. 

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Award Conditions: 

The main goal of this program is to create a sustainable financing solution for Thai graduates with financial difficulties seeking to continue their studies in an attempt to reach their full potential as a responsible member of the society. To ensure sustainability of the program, we seek responsible candidates who have a clear career path, and the willingness to pass on the opportunity to others. We would like to ensure that all candidates understand the conditions thoroughly. 

1. This program acts as an interest-free education loan. All successful candidates are obliged to return the principal in full. The payment period is flexible and is based on candidates’ future plans. The repayment can be done through installation.

2. The tuition fees will be released to the candidates according to the requirement of the educational institution with proof of prior/earlier study results. Graduation certificates should also be submitted. The allowances and other costs will be released in installments as appropriate.   

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Requirements:

1. This program is open for Thai candidates of all ages, gender and educational background.

2. There is a minimum requirement for full-time work experience of 3 years in any field.

3. The candidates have financial hardship and need to provide information to support it. The candidates are also able to provide a practical repayment plan to the foundation.

4. The course of study must be a master degree or above at oversea universities or institutions. A certificate course can be considered if the candidates meet all of the other requirements mentioned.