I doubt Finland paid war damages to the U.S. I know they paid hundreds of millions of dollars to the USSR, but the U.S. didn't fight on the eastern front, so I'm not sure what the point would be.
Finland borrowed money during WWI and is the only country to fully repay their WWI debt to the U.S. These payments continued until 1976 with a brief moratorium during WWII. Partly as a result, Finland is generally held in high regard by Americans.
According to a 1935 newspaper article:
"some State Department officials have been wondering if part of these Finnish payments might not be set aside for a scholarship fund, for the education of Finnish students in American universities; and the idea has a good deal to recommend it. It would strengthen the bond of friendship and understanding between the two nations – and it would be a tangible way of showing how this country appreciates the presence of one good debtor among a flock of deadbeats."
Beginning in the 1950s, this was accomplished through the ASLA-Fulbright Program bilateral cultural exchange. The grant is available only to Finnish students.
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