LaMelo Ball Launches College Scholarship Program ... School Matters!!!

LaMelo Ball may not need school, but the NBA star is stressing the importance of an education for others ... by kickstarting his very own 4-year scholarship program!!

The 20-year-old Charlotte Hornets superstar announced the big plan on Wednesday ... saying he'll help one lucky student looking to study sports management or communication/marketing at Long Island University's Roc Nation School of Music, Sports and Entertainment in Fall 2022.

Students with a 1100 SAT score (or 21 on the ACT score) are eligible ... and the app requires a written essay on what the LaMelo Scholarship will mean to them 10 years down the road.

The scholarship will come with some sweet perks -- the Roc Nation school…