Looks like the liars are the ones who are spreading the rumor that the only scholarships available for people to go to Punahou are for descendants of missionary families and those with "Hawaiian blood". Here's the financial aid page from the Punahou website. It doesn't say anything at all about there being any restrictions for who can and cannot receive financial aid (other than need), and it does not mention either descendants of missionary families nor people with Hawaiian blood...

http://www.punahou.edu/page.cfm?p=62

I think we can safely say that anything coming from that source on the subject of Obama is highly suspect.