The Collaborative International Dictionary of English v.0.48:

Scholarship \Schol"ar*ship\, n.
   1. The character and qualities of a scholar; attainments in
      science or literature; erudition; learning.
      [1913 Webster]

            A man of my master's . . . great scholarship.
                                                  --Pope.
      [1913 Webster]

   2. Literary education. [R.]
      [1913 Webster]

            Any other house of scholarship.       --Milton.
      [1913 Webster]

   3. Maintenance for a scholar; a foundation for the support of
      a student. --T. Warton.
      [1913 Webster]

   Syn: Learning; erudition; knowledge.
        [1913 Webster]

WordNet (r) 3.0 (2006):

scholarship
    n 1: financial aid provided to a student on the basis of
         academic merit
    2: profound scholarly knowledge [syn: eruditeness,
       erudition, learnedness, learning, scholarship,
       encyclopedism, encyclopaedism]

Moby Thesaurus II by Grady Ward, 1.0:

72 Moby Thesaurus words for "scholarship":
   aid, alimony, allotment, allowance, annuity, assistance, award,
   bibliolatry, bibliomania, bluestockingism, book learning,
   book madness, bookiness, bookishness, booklore, bounty, bursary,
   classical scholarship, classicism, culture, depletion allowance,
   diligence, dole, donnishness, education, endowment, eruditeness,
   erudition, exhibition, fellowship, financial assistance, grant,
   grant-in-aid, guaranteed annual income, help, humanism,
   humanistic scholarship, intellectualism, intellectuality, know-how,
   knowledge, learnedness, learning, letters, literacy, lore,
   old-age insurance, pecuniary aid, pedantism, pedantry, pension,
   preparation, price support, public assistance, public welfare,
   reading, relief, retirement benefits, scholarliness, schooling,
   science, stipend, studiousness, subsidization, subsidy, subvention,
   support, tax benefit, training, welfare, welfare aid,
   welfare payments