Students will get a $10,000 stipend and free Airbnb housing to travel and work between their junior and senior years of college.
... [+]Airbnb’s billionaire cofounder and CEO Brian Chesky is making his biggest philanthropic donation so far: a $100 million pledge to former President Barack Obama and Michelle Obama’s charitable foundation for an initiative that links education and travel. The funds will go toward scholarships for college students pursuing careers in public service, according to an announcement from the Obama Foundation on Monday.
The two-year program will provide students with up to $25,000 in financial aid for their junior and senior years of college. Recipients will also be given $10,000 and free Airbnb housing to go on a “summer voyage” where students will design their own work-travel program to “gain exposure to new communities.”
It doesn’t end there. For a decade after graduation, students will get $2,000 per year on Airbnb to travel where they wish and “forge new connections throughout their public service careers.” The first cohort of Voyager scholars will include 100 students. “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,” the former president says in a video announcing the scholarship.estimates is worth $9 billion, will donate the $100 million for the Voyager Scholarship over a period of five years to the Obama Foundation, which will be in charge of the program.
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