Posted By:
Joe D.many of those guys look above the college age.
And the designation of "University of" was written in by pen... may very well have been by someone who had no idea what the picture was of.
The "Matty" guy if you notice has a darker cap than the rest of them.
I had hoped to get the item and give it a closer look / do a nice scan and post it here... but I got outsniped.
.... looking at it now... thats either Matty or a cousin 
-- sure looks like him to me.