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One who has obtained the right to study (through financial aid, merit, status ..etc.) under the privileges of a scholarship. Word usually used in past-tense, however, can be used in reference to future occurences (example below;)
Jenny was scholared into NYU, how crazy is that?!

Matt, do you think you'll be scholared into Harvard...I mean, what are the chances of that?
by LilKiddo22 June 17, 2011