In honour of the one-year anniversary of Lemonade, Beyoncé has launched a new ‘Formation’ scholarship for young women in four of America’s top universities.

The star announced the initiative in a statement on her website on Tuesday, April 25.

It read, “Beyoncé Knowles-Carter announces the establishment of Formation Scholars awards for the 2017-2018 academic year, to encourage and support young women who are unafraid to think outside the box and are bold, creative, conscious and confident.”

The scholarship will be awarded to four incoming or current undergraduate and post-grad students pursuing degrees in creative arts, music, literature or African-American studies.

Young women who are attending, or planning to attend, Berklee College of Music, Howard University, Parsons School of Design and Spelman College, will be eligible to apply.

According to CNN, the scholarships are worth about $25,000 each.

Hopeful applicants are required to submit a portfolio of work along with an essay answering the question: “How has LEMONADE inspired your educational goals?”

Sounds easy enough, right?