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Beyoncé is celebrating Lemonade's one-year anniversary by giving college scholarships to four young women

Beyoncé's visual album Lemonade is the gift that keeps on giving. To celebrate the album's one-year anniversary, the pop icon announced Tuesday that she's founded "Formation Scholars," a program that will award college scholarships to four young women for the 2017-2018 academic year. Beyoncé said the point of the program is to celebrate young women who are "unafraid to think outside the box and are bold, creative, conscious, and confident."

Participating schools are historically black colleges Howard University and Spelman College, as well as Berklee College of Music and Parsons School of Design; one student per college will be chosen to receive Beyoncé's scholarship. Female "incoming, current or graduate students pursuing studies in creative arts, music, literature, or African-American studies" are eligible to apply, per Beyoncé's website. More information about the application process can be found on the schools' websites.

Eligible young ladies, get in formation.