Each student raised at least $100, some raising up to $500.
The non-profit organization plans to travel to about six more colleges over the next six months.
"The best part about this is the kids can't wait for this event," said event organizer Ben Teller. "They wait all quarter long, they don't cut their hair and this is the big day where they get to shave their heads in front of all their friends."
In the show of solidarity, the organization says that their main focus is to let young adults with cancer know that they're not alone.