A spokesperson confirmed that the students' two-year memberships will start when they activate their account, which they can do at any time (note: it's unclear when access to the two-year membership offer will expire). Peloton also told POPSUGAR that it is the schools' responsibility to enroll their own students once the memberships are gifted, but there is no limit to how many students at each HBCU can receive a membership; students just have to be currently enrolled. If this applies to you, check directly with your school for information on how to sign up.
"Peloton and I both believe that the power of music can help uplift, motivate and inspire those on their fitness journeys," Beyoncé said in a statement. "I've been a Peloton member for several years, and I'm excited to partner with a company that helps people, young and old, be the best versions of themselves, in an innovative and adaptable way. I'm proud to celebrate the students at HBCUs with this donation, to encourage them to find and embrace their own wellness regimens."