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The Nobel Peace Prize comes with $1.4 million check, and President Barack Obama is giving most of his prize money to six organizations working to get more kids through college. He chose nonprofits like College Summit, a national organization that's partnered with 46 New York City schools, including Brooklyn's Bushwick Community High School.

In Bushwick Community, students do not just talk to a guidance counselor once or twice about their plans for the future, but also take a daily class helping them understand what college is, why it's important and how they can get there.

"It's a stressful process, the college application process, but with the College Summit program it made it easier," says student Jasper Williams. "Because there are a lot of people around here to help me, as far as my peers and the college counselors. It just made it simpler."

"College Summit wants to take inner city kids, kids who are economically disadvantaged, who don't traditionally have the numbers for college, and give them a real shot, give them real planning, a plan of action," says college advisor Andrew Martir.

New York-based Posse Foundation will also be receiving a $125,000 check from the president's Nobel Prize award. It selects groups of low-income students called "posses," and sends them together to top colleges, so they can support each other while at school and make it less likely the students will get overwhelmed or isolated and drop out.

One group high school seniors won four-year scholarships to Franklin and Marshall College in Pennsylvania. They are having weekly meetings at the Posse offices in Downtown Manhattan, getting to know each other and getting ready. They say the president's support gives them even more confidence to get through college.

"We sent an announcement out to all our Posse scholars and alumni and by midnight I had hundreds of letters and notes and messages to the president from them," says Posse Foundation Debrah Bial.

Organizations like College Summit and Posse say they need donations now more than ever, and the $125,000 will help them send more children to college.

They also say the symbolism of the gift may mean even more in this case. It's hard to quantify what it means to be supported by the president and be given a part of the Nobel Peace Prize.