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scholarship 
  n 
1 academic achievement; erudition; learning 
2 
a financial aid provided for a scholar because of academic merit 
b the position of a student who gains this financial aid 
c (as modifier) 
a scholarship student  
3 the qualities of a scholar 


closed scholarship 
  n a scholarship for which only certain people, such as those from a particular school or with a particular surname, are eligible 
Rhodes scholarship 
  n one of 72 scholarships founded by Cecil Rhodes, awarded annually on merit to Commonwealth and U.S. students to study for two or sometimes three years at Oxford University 
 Rhodes scholar  n