NEW YORK, N.Y., Oct. 28--The 150 members of the College Entrance Examination Board today provided a grant of $50,000 to study a possible clearing house for scholarships.

The representatives, including Director of Admissions Wilbur J. Bender '27, with little previous discussion, voted unanimously that the College Board group should authorize a study of scholarships. They then appropriated the grant.

The College Boards will thus investigate the proposal of John U. Monro '34, Director of the Financial Aid Center, calling for American colleges to determine jointly the financial need of all scholarship applicants.

Monro's idea was originally brought before a meeting of the College Boards last spring in an attempt to end current abusive scholarship bidding among colleges for potential "Who's Who" candidates.

No Committee Appointed

The College Boards, however, did not appoint a committee to study the problem at their meeting in the Biltmore Hotel here today. The executive board has several methods of investigating.

It can study the Monro proposal itself or it can appoint a regular committee. It could also name a special advisory committee to report back.

It is believed that a special committee will be selected shortly. College Board authorities said last night that no final decision on the Monro plan will be made for a year.

Further Action Recommended

After Monro introduced the idea at a College Board symposium this spring the executives appointed an ad hoc committee to discuss the clearing house. That committee met in Cambridge and recommended further action to the Board's executives for today's meeting.

This is the second action taken on the Monro proposal. About ten days ago, the 14 New England colleges, in a meeting at Brunswick, Maine, appointed a three-man committee, including President Pusey, to study the idea. College administrators contacted at that time were favorable to the suggestion.