The Obamas team up with Airbnb to launch a $100 million college scholarship

Barack and michelle obama have partnered with Airbnb Inc. CEO Brian Chesky to launch a scholarship to support college graduates looking to work in the public service sector, reports Bloomberg.

Name it Voyager Scholarship, it aims to reduce student debt and provides a “Summer Voyage” work-travel allowance for those who plan to pursue studies in the civil service after graduation. The Obama-Chesky Fellowship for Public Service was underwritten with a $100 million Chesky’s gift to the Obama Foundation, and aims to “support 100 students in its first year with plans for expansion”.

Eligible students are those “entering their first year of college at an accredited four-year college or university in the United States, who have demonstrated financial need, and who are U.S. citizens, permanent residents, or DACA recipients.”

President Obama took Twitter to announce the creation of the scholarship.

“I am proud to announce the Traveling With My Friend Scholarship @bchesky“, we read in his tweet. “We hope to provide young people interested in public service with financial support for higher education, exposure to travel and the networks they need to make a difference.”

In addition to financial aid of $50,000 to cover the recipient’s junior and senior academic year, they will also receive a “Summer Voyage” work-travel experience that will include a $10,000 stipend and free Airbnb housing. After graduation, Airbnb will provide students with a $2,000 travel credit each year for the next 10 years. Additionally, students will be invited to an annual summit to meet former President Obama and Chesky and network with fellow travelers each fall.

“So many people have a passion for public service, but they don’t go into public service because they can’t afford it. They have too many financial burdens on them,” Chesky said. said in the announcement video about the purpose of the scholarship.

“We need a generation of leaders who are willing to cooperate and build bridges, but it’s hard to build a bridge if you haven’t seen the other side of the river,” he said. for follow-up.

Applications are now open and the deadline to apply is June 14.

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