Jay Z and his wife Beyonce are known for putting their money where their mouths are when it comes to philanthropy, especially for Black causes. This time the rapper is pairing with his mom Gloria Carter to launch a new scholarship program. For the first time since its inception, the Shawn Carter Foundation Scholarship program will offer financial support to high school students as well as undergraduate students entering college for the first time. The scholarships are designed to help those who may not be eligible for other types of financial assistance based on high grades. Students who have graduated from high school or earned their G.E.D. are eligible to apply. A minimum of 2.0 GPA is required. Applicants must also have a strong desire to attend college and earn a degree, and they must also have a desire to give back to their communities. The scholarships range from $1,500 to $2,500. Applicants can apply up until the age of 25. More info here.