Former president
Called the Voyager Scholarship, The Obama-Chesky Scholarship for Public Service, it will fund multiple years of travel and alleviate the college debt burden while helping connect students to a network of leaders, according to its founders.
The funds are to come from Chesky's personal contribution to the
Students will be able to receive up to
Assistance will go beyond graduation for qualified applicants, with
"If we want this next generation of leaders to be able to do what they need to do, they have to meet each other. They have to know each other. They have to understand each other's communities," Obama said in a video of the announcement posted to
The scholarship includes an annual fall summit at which students will meet with Obama, Chesky and guest speakers "to help define and inspire their public service journey," according to the
The Voyager Scholarship will accept applications through
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