From Longman Business Dictionary
bursarybur·sa·ry /ˈbɜːsəriˈbɜːr-/ noun (plural bursaries) [countableC]1ACCOUNTINGFINANCEin the US, the place at a college or university where the accounts and finance are dealt with 2FINANCEin Britain, an amount of money given to some students by a college or university to help them study there. Bursaries are also given by the government or other organizations → compare grant1