Annually the Society awards supplementary scholarships to students from Long Island and Brooklyn who attend colleges and universities in New England. Outstanding students selected for awards by the New England Society must attend educational insitutions in New England, but the by-laws also allow awards to New Englanders attending school in Brooklyn and the rest of Long Island.

Two of the awards are named after enthusiastic supporters of the society, C. Lauriston Livingston, Jr. and Terry Ward Lassoe. Both of these men served the Society as President, and both lived to see the scholarship program gain momentum through thier own diligence and that of the Society's Finance Committee.

In the list which follows the scholarship recipients' names are preceded by the first year that the awards were made to them. Typically awards to college students have been made in each of the four undergraduate years, although there have been instances of accelerated as well as interupted matriculation.