The scholarships are provided by an endowment, established by Dorothea Waterbury of Newton, Massachusetts, to fund scholarships for Pell-eligible students who are enrolled at selected CIC member New England colleges and universities. The approach of this scholarship program is based on the successful CIC/FIHE First Opportunity Partners
initiative, which aims to improve access and success at private colleges and universities for first-generation, low-income, minority, and new American students.
Each scholarship is valued at $15,000 ($5,000 per year for three years). The funding will be applied toward educational expenses of the recipient in his or her sophomore, junior, and senior years, assuming continued good academic standing. The program supports two Waterbury Scholars at any given time.