BEVERLY HILLS, CA - JANUARY 30: Actor Chadwick Boseman attends the Marvel Studios' BLACK PANTHER Global Junket Press Conference on January 30, 2018 at Montage Beverly Hills in Beverly Hills, California. (Photo by Alberto E. Rodriguez/Getty Images for Disney)

Netflix has established a scholarship in remembrance of the late Chadwick Boseman.

The $5.4 million scholarship at Howard University will be awarded to a Howard student of the College of Fine Arts a four-year scholarship to cover the tuition.

Scholarship number one will be awarded this fall to someone in each class.

This scholarship serves as an extension of the commitment the streaming platform has to the late actor.

How important is it nowadays to get a scholarship?