Southern California's Occidental College, where Barack Obama studied from 1979 to 1981, is offering scholarships in honor of the former president.
The school in Los Angeles says Wednesday that the Barack Obama Scholars Program will launch in the fall of 2018.
It will initially endow two scholarships, and with the support of donors, eventually offer up to 20.
Each Obama Scholar will be awarded loan-free funding for the entire cost of a four-year Occidental education.
In a statement, Obama says his years at the liberal arts college sparked his interest in social and political causes.
The private school in northeast Los Angeles has about 2,000 undergraduates.