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St. Louis rapper Nelly has created a scholarship fund to aid disadvantaged students in the quest for a college degree.

The Air Force Ones hitmaker announced his plans during his fourth annual celebrity-packed Black and White Ball. Stars attending the event included Mario, Jermaine Dupri, and The Isley Brothers. Nelly encouraged his celebrity guest to donate generously to the fund.

The scholarship will be available to two students from the St. Louis area, and will provide 4 years of complete financial aid coverage at Lindenwood University in St. Charles, Missouri. The “Black and White Ball” Scholarship will launch in 2010 and is opened to all first year students who demonstrate academic excellence and financial need.

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