LeBron James Gives $41 Million To Send 1,100 Children To College

LeBron James donates $41 million for kids of Akron — ones with challenging backgrounds like his — the chance to go to college for free. The NBA star's Family Foundation teamed up with the University of Akron to provide a four-year scholarship for students in James' "I Promise" program who qualify. James is from Akron and this he said is a way of giving back to his community.

James told ESPN that the scholarship will cover tuition and the university's general service fee — an estimate of $9,500 per year. For 1,100 kids, this would cost his foundation a total of $41.8 million at the school's current rates.

According to Fox Sport, "It's the reason I do what I do," said James, who announced the program Thursday while hosting an event for students at Cedar Point Amusement Park.

"These students have big dreams, and I'm happy to do everything I can to help them get there. They're going to have to earn it, but I'm excited to see what these kids can accomplish knowing that college is in their futures."

The University and the LeBron JamesFoundation are still finalizing the criteria for the scholarships. The students will have to graduate high school within Akron's public school system and achieve standard testing requirements as well as fulfill a community service obligation.

We are so proud of LeBron James. Much respect to this man for such a big heart!

LeBron James to spends $41 million for kids to go to College