[bur-ser, -sahr]
a treasurer or business officer, especially of a college or university.
(in the Middle Ages) a university student.
Chiefly Scot. a student attending a university on a scholarship.

1400–50; < Medieval Latin bursārius a purse-keeper, treasurer (see bursa, -ar2); replacing late Middle English bouser, variant of bourser < Anglo-French; Old French borsier

underbursar, noun
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World English Dictionary
bursar (ˈbɜːsə)
1.  an official in charge of the financial management of a school, college, or university
2.  chiefly (Scot), (NZ) a student holding a bursary
[C13: from Medieval Latin bursārius keeper of the purse, from bursa purse]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Word Origin & History

"treasurer of a college," 1580s, from Anglo-L. burser "treasurer" (13c.), from M.L. bursarius "purse-bearer," from bursa (see purse).
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Eventually he was bursar, then auditor of the college, serving fifty years on the faculty.
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