Jay-Z & Beyonces Babys College Fund Is Taken Care Of

LOS ANGELES, Calif. -- Jay-Z and Beyonce are ecstatically awaiting the arrival of their baby, but unlike most parents, the power couple isnt stressed about paying for their impending bundle of joys collegiate experience! No yeah, I think I figured it out, Jay-Z jokingly told Access Hollywood, when asked if he and B had started saving for their little ones college fund at the Making The Ordinary Extraordinary event hosted by Jay-Zs scholarship program, the Shawn Carter Foundation, in NY City on Thursday. Almost, almost. While he and Beyonces baby will be blessed with a financially solid future, Jay-Z feels for the growing number of Americans who may not be fortunate enough to afford rising tuition fees. In 2003, Jay, along with his mom, Gloria Carter, established the Shawn Carter Foundation a scholarship program which helps individuals facing socio-economic hardships pursue education at institutions of higher learning. Theres gonna be way more professionals than there are artists. I was lucky enough to have a God-given ability I got to skip the educational part on its highest level, but, especially in this day and age, a lot of the blue-collar jobs are gone, Jay-Z told Access, when asked what inspired him to create the program. I think its important to be prepared for this era and whats to come, and I also think its important to give a person an opportunity. lf you work hard and youre ready to put in the work [but] you cant further your education because of, you know, money for whatever reason thats sad, he added. In addition to hosting the SC Foundation bash on Thursday, the soon-to-be dad partied earlier this week with pal Gwyneth Paltrow for her 39th birthday. However, unlike the Contagion star who took to Twitter to complain of a horrific hangover the next morning the hip-hop mogul said he was feeling fine following the birthday soiree. I had the same amount of fun as she had, he told Access, when asked if he shared Gwynnies post-birthday bash fate. No hangover. Copyright 2011 by NBC Universal, Inc. All rights reserved.This material may not be published, broadcast, rewritten or redistributed.

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