A prestigious scholarship for Asian students to study at the universities of Oxford and Cambridge is stopping after 44 years, with organisers saying they want to concentrate on supporting students to go to top local universities instead.
The Jardine Foundation Oxford and Cambridge Undergraduate Scholarship Scheme, funded by Hong Kong investment company Jardine Matheson, has announced that it will make no further awards for Oxford and Cambridge universities, instead focusing support on those attending Asian universities.
The decision was announced following a strategic review, and represents a shift towards prioritising higher educational opportunities in Asia.
In a statement, the Jardine Foundation said it will be increasing its “focus and investment in Asia, expanding opportunities for local students to study at leading universities in the region”.
However, the foundation said it remains “committed to providing access to higher education by talented students across the Asian communities in which Jardines operates”.
