n. — Education
a grant to support a student's education, awarded primarily on the basis of financial need, as distinguished from a scholarship, awarded primarily on the basis of academic achievement.
Type: 2. Preservation — OED-3 states that bursary originated in Scotland, and this fact is supported by early Canadian quotations which reference Scottish cities (see the 1885 and 1898 quotations, for example). This term is also found in many Commonwealth countries, but is infrequent in the US (see Chart 1).
See also Gage-1, s.v. "bursary" (1), ITP Nelson, s.v. "bursary" (1), and OED-3, s.v. "bursary" (3), EDD, s.v. "bursar", which is marked "Sc." ,W-3, s.v. "bursary" (2), which is described as for a "British college or university", AHD-5, s.v. "bursary" (2), which is marked "chiefly British".
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Chart 1: Internet Domain Search, 9 Oct. 2013