learning; knowledge acquired by study; the academic attainments of a scholar.
a sum of money or other aid granted to a student, because of merit, need, etc., to pursue his or her studies.
the position or status of such a student.
a foundation to provide financial assistance to students.

1525–35; scholar + -ship

1. See learning. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
scholarship (ˈskɒləʃɪp)
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

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Example sentences
The chase for a scholarship has another side that is rarely discussed.
The biggest challenge for humanities scholars in the digital age isn't how to
  rework traditional forms of scholarship.
These claims are advanced with every resource of skill and scholarship.
Now what is taking place at the level of research and scholarship is the
  rethinking of entire disciplines.
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