Beyoncé wants to help you pay your college "bills, bills, bills."
To mark the one-year anniversary of her Peabody-Award-winning album "Lemonade," the performer has launched the Formation Scholarship program. In a post published on her website Tuesday, Beyoncé announced her plan to "encourage and support young women who are unafraid to think outside the box."
The program will provide awards to four female students studying creative arts, music, literature or African-American studies. The Formation Scholars must be incoming or current undergraduate or graduate students during the 2017-2018 academic year and encouraged to seek details and deadlines from colleges participating in the program.
Beyoncé described these scholars as "bold, creative, conscious and confident."
The four colleges selected to participate in the program are Berklee College of Music, Howard University, Parsons School of Design and Spelman College. The list includes the two most prestigious historically black institutions in the United States: Howard University and Spelman College, the latter of which is also the oldest historically black college for women in America.
Beyoncé's choice to support young women's education is fitting, given "Lemonade's" empowering messages for women, and especially women of color.
And the superstar is in good company. Many other celebrities choose to give back by awarding college scholarships.
In fact, Beyoncé's husband Shawn Carter, also known as Jay Z, created the Shawn Carter Scholarship Fund in 2003. The scholarship offers grants typically between $1,500 and $2,500 for students with a 2.0 GPA or higher to attend any accredited academic institution.
Through the LeBron James Family Foundation, basketball legend LeBron James helps pay for over 1,000 students to attend the University of Akron.
You can read Beyoncé's full statement below: