The White House released the honorees' names on Thursday.
Also included are former Secretary of State Madeline Albright, astronaut John Glenn, civil rights trailblazer Dolores Huerta, retired Supreme Court Justice John Paul Stevens and novelist Toni Morrison.
“These extraordinary honorees come from different backgrounds and different walks of life, but each of them has made a lasting contribution to the life of our Nation," Obama said in a statement. "They’ve challenged us, they’ve inspired us, and they’ve made the world a better place. I look forward to recognizing them with this award.”
Dylan's fans (or Albright's, for that matter) will have to wait until later in the spring to see the president award his winners, as Team Obama has yet to set a date for the ceremony.