Scholarship Information How did scholarships originate? Lady Anne Mowlson first presented a scholarship award to Harvard College in 1643. She set up the scholarship fund, and gave out 100 pounds (not much now, but a fair amount in those days). The money was to go to a student who did not have the funds to go to college (sounds like need-based and scholarship lending, doesn't it?). Back then, when the American education and schooling system was very much intertwined with the government and government funds, parents of children would purchase a scholarship. This would guarantee a place for the student, and the student wouldn't have to pay any tuition fees. This was called a perpetual scholarship. This worked in the areas of religion, civil and public service, and education. In addition, as noted before the 1950s, scholarships were given out to students who would pursue a certain field that was in demand or that needed more students to go to school for. Scholarships were also given to students who had a certain quality or trait that was unique (much like how scholarships are generated today).

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