The tassel loafer is a classic style of shoe that has been popular for decades. It originated in the United States in the 1950s and quickly gained popularity among Ivy League students and young professionals.

The tassel loafer was initially designed by the shoemaker Alden Shoe Company in Massachusetts. It was inspired by traditional Norwegian shoes known as "Aurland moccasins" or "penny loafers," which had a slip-on design with a strap across the front. The tassel loafer took this basic design and added decorative tassels to the front, giving it a distinctive look.

The tassel loafer became associated with the preppy style and was embraced by college students and professionals who wanted a comfortable yet sophisticated shoe option. It was particularly popular among Ivy League students, who wore them with their classic button-down shirts, khaki pants, and blazers. The shoe's combination of casual elegance and ease of wear made it a staple in the wardrobes of many fashion-conscious individuals.