A Posse scholarship is given to students with a background indicative of strong academic and leadership potential but who may not be accepted into schools according to the traditional college-selection process. The Posse scholarship program began in 1989 at Vanderbilt University.
The goals of the Posse program include expanding the pool from which universities can recruit students from diverse backgrounds, enabling institutions to have more interactive campuses and ensuring that Posse Scholars stay in school and earn their degree.
As of 2014, the Posse program has chapters in Atlanta, Boston, Chicago, Houston, Los Angeles, Miami, New Orleans, New York and Washington, D.C. The Posse scholarship program has awarded a total of $688 million since its creation, as of 2014.