A scholarship is an award of financial aid for a student to further their education at a private elementary or secondary school, or a private or public post-secondary college, university, or other academic institution.

What is the meaning of stipendium?

noun. scholarship [noun] money awarded to a good student to enable him to go on with further studies.

What is the root of scholarship?

scholarship (n.)

1530s, "status of a scholar," from scholar + -ship. Meaning "learning, erudition" is from 1580s; sense of "source of funds for support or maintenance of a scholar" is from 1580s.