In 1592, Fraserburgh (prior to that known as Faithlie) became a Burgh of royalty, despite protests from Aberdeen over what they viewed as an infringement on their rights.

Charles Ferme, an alumnus of the University of Edinburgh who had previously been made Minister of Philorth in 1598 (as Fraser had insisted that whoever took the charge as minister would also have to be the principal),[7] was made the principal of the university in 1600,[8][9] which was at this point a 'spacious quadrangular building', three stories in height, located to the west of the town.

[10][11] However, after Ferme was sent to prison for taking part in the general assembly of Aberdeen, now without a principal, the university failed to develop further and it ceased to function around 1605.

[8][14] The writing by Ferme (such as the lost Lectiones in Esterem and the surviving Analysis logica in epistolam apostoli Pauli ad Romanos) indicate that teaching did take place, with John Adamson noting 'with what zeal he taught at Fraserburgh'.

Last time I saw it there was a couple of goats feeding on the top of it.The only surviving part of the college is the Moses Tablet (or Moses Stone),[19] previously set in the wall above the door of the parish school, now built into the interior wall of Fraserburgh South Parish Church, having been moved inside the building in October 1969, funded by the town council.