Obama, Airbnb’s Brian Chesky launch $100M in scholarships

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The co-founder and CEO of Airbnb, Brian Chesky, has donated $100 million to the Obama Foundation to fund scholarships for students pursuing careers in public service and includes multiple stipends for travel.

The Voyager Scholarship will grant $50,000 to rising juniors to cover tuition costs over two years as well as a $10,000 grant and Airbnb credit to fund a summer experience designed by the student. Scholarship winners will also get an Airbnb credit worth $2,000 a year for 10 years after their graduation, which is in addition to Chesky's donation a foundation spokesperson said.

“There are young people across the country who have a passion for public service, but can’t pursue it because of their student loan debt,” Chesky said."We want to help reduce that burden.” Some 43 million Americans carry student loans worth $1.6 trillion, according to federal figures. President Joe Biden

 

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