Beyoncé Announces $500k Cécred Fund for Cosmetology School Students


February 21, 2024

The new haircare brand is giving back–right from the start!

Beyoncé‘s philanthropic organization Bey Good, in collaboration with Cécred, announced the launch of the Cécred x BeyGOOD Fund. This initiative aims to empower and uplift the hair industry, recognizing the influence and importance of professional stylists. The fund, with an annual commitment of $500,000, will provide cosmetology school scholarships and salon business grants across five key cities: Atlanta, Chicago, Houston, Los Angeles, and New Jersey.

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Each year, the fund will award twenty-five $10,000 financial aid student scholarships to individuals enrolled in partner cosmetology schools. These schools, carefully selected for their inclusive curriculums, include Beaver Beauty Academy in Atlanta, Trenz Beauty Academy in Chicago, Universal College of Beauty in Los Angeles, Franklin Institute in Houston, and Janas Cosmetology Academy in New Jersey.

The criteria for the 2024 Student Scholarship include current enrollment or acceptance into one of the partner cosmetology schools, a demonstration of financial need due to hardship, completion of the application process, and residence within one of the five focus cities. The timeline for this year’s scholarships began with the opening of applications on February 20, 2024, scheduled closing on March 20, 2024, and recipients being announced on April 20, 2024.

Additionally, the Cécred x BeyGOOD Fund introduced the Salon Business Grant, recognizing the challenges of running a salon business. Twenty-five $10,000 grants will be awarded annually to qualifying salon business owners in the aforementioned focus cities, empowering them to continue making an impact in their communities. The criteria for the Salon Business Grant include operation within one of the select markets, demonstration of financial hardship, a minimum of two years as a licensed barber, hairstylist, or cosmetologist, a lease agreement or proof of salon business ownership, and a minimum of one year in business.


The Salon Business Grant timeline spans the year, with multiple opportunities for salon owners to apply and be announced as recipients. The first application window opened on February 20, 2024, and subsequent application periods follow in May, July, September, and November.

For additional details on the scholarship and grant, and to submit your application, please visit BeyGood.org.

Beyoncé’s CÉCRED line, debuting today on February 20, 2024, not only introduces a new line of beauty products but also initiatives that promise to uplift the hairstyling community, creating a positive and lasting impact on the industry.

Cover photo: Bey Good, in collaboration with Cécred, announced the launch of the Cécred x BeyGOOD Fund / Credit: Beygood.org


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