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scholarship

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Scholarship is knowledge resulting from study, or is a gift of money to pay for academic education.

(noun)

An example of scholarship is when you study for a master's degree.
An example of a scholarship is when someone pays your college tuition for you.

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See scholarship in Webster's New World College Dictionary

noun

the quality of knowledge and learning shown by a student; standard of academic work
1. the systematized knowledge of a learned person, exhibiting accuracy, critical ability, and thoroughness; erudition
2. the knowledge attained by scholars, collectively
a specific gift of money or other aid, as by a foundation, to help a student pay for instruction

See scholarship in American Heritage Dictionary 4

noun

The methods, discipline, and attainments of a scholar or scholars.
Knowledge resulting from study and research in a particular field. See Synonyms at knowledge.
A grant of financial aid awarded to a student, as for the purpose of attending a college.

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