noun
scholarship fund
Refers to money set aside to provide scholarships or financial aid for students.
彼は奨学資金のおかげで大学に通えた。
He was able to attend university thanks to the scholarship fund.
奨学金 is the more common term for 'scholarship' (the money given to a student), while 奨学資金 refers to the fund or financial resources that provide such scholarships.
Compound of 奨学 (encouragement of learning) and 資金 (funds, capital).