One boarding house, College, is reserved for seventy King's Scholars, who attend Eton on scholarships provided by the original foundation and awarded by examination each year; King's Scholars pay up to 90% of full fees, depending on their means. Of the other pupils, up to a third receive some kind of bursary or scholarship. The name "King's Scholars" is because the school was founded by King Henry VI in 1440. The original School consisted of the seventy Scholars (together with some Commensals) and the Scholars were educated and boarded at the foundation's expense.
Where do "King's Scholars" get their name?
the school was founded by King Henry VI