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Sean "Diddy" Combs Setting Up Scholarship, Addresses Criticism About the One His Son Received

Sean "Diddy" Combs is one proud papa.

What's more, he's taking all the criticism surrounding the fact that son Justin Combs received a full scholarship to play on the UCLA Bruins football team, in stride.

"I wasn't annoyed at all," Diddy told E! News at a WWE Hurricane Sandy fundraiser on Thursday. "I kind of welcomed it, because if he's going to be doing what he's doing, if he's going to be in the city of L.A., he has to be able to handle the pressure. So I thought it was a great learning tool for him to be humble, handle it and go out there and prove himself on the field and prove himself at school."

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Speaking of scholarships, the Sean John mogul revealed that his family is actually in the process of creating one.

"We'll be announcing our overall scholarship fund, so at the end of the day, it all works out for everybody," he said.

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