Beyoncè announced on Tuesday she is launching Formation Scholars, a program for women in college or graduate school.

In honor of the one-year anniversary of Lemonade, the scholarship aims to “encourage and support young women who are unafraid to think outside the box and are bold, creative, conscious, and confident.”

As written by Harper’s Bazaar, “Starting with the 2017/2018 academic year, four scholarships will be awarded to both current and incoming students studying creative arts, music, literature, or African-American Studies.” The four universities currently participating are Berklee College of Music, Howard University, Spelman College, and Parsons School of Design. Howard and Spelman are both HBCUs.

Applicants are to submit an essay answering the prompt, “How has Lemonade inspired your educational goals?” as well as a portfolio of work.

According to CNN, “Spelman College indicates the one-time award is worth $25,000 on its website, which would cover a little more than one semester’s worth of tuition, fees and room and board.”

News of the scholarship comes one week after Lemonade was one out of seven winners of a Peabody Award in the entertainment category.

As stated by the Peabody Awards Board of Jurors: “Lemonade draws from the prolific literary, musical, cinematic, and aesthetic sensibilities of black cultural producers to create a rich tapestry of poetic innovation. The audacity of its reach and fierceness of its vision challenges our cultural imagination, while crafting a stunning and sublime masterpiece about the lives of women of color and the bonds of friendship seldom seen or heard in American popular culture.”

Best of luck to the applicants!