scholarship
US /ˈskɑː.lɚ.ʃɪp/
UK /ˈskɑː.lɚ.ʃɪp/

1.
academic achievement or learning of a high level
:
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Her dedication to scholarship was evident in her extensive research.
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The university promotes a culture of rigorous scholarship.
2.
a grant or payment made to support a student's education, awarded on the basis of academic or other achievement
:
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She received a full scholarship to study at the prestigious university.
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Many students rely on scholarships to afford higher education.