Thesis advisor: Gerardo Blanco / The Fulbright Program is the US’ flagship international exchange program. Given its continued prominence in international higher education from its postwar inception to the present day, this study uses critical discourse analysis methods to analyze power, mission, and purpose in the history of the Fulbright Program. The analysis demonstrates several overarching ideas. First, throughout the program’s history, the concept of promoting mutual understanding between nations has been conflated with mutuality in the exchange of resources. Second, while the program’s efforts have often promoted the idea of a singular US identity, critics have consistently challenged this argument. Third, while the program grapples with its relationship to Senator Fulbright, the influence of his ideology remains throughout history. Scholars and practitioners of educational diplomacy may consider these findings as they pursue ways to promote equitable and mutual educational exchange. / Thesis (PhD) — Boston College, 2024. / Submitted to: Boston College. Lynch School of Education. / Discipline: Educational Leadership and Higher Education.