n. When one who is expecting a large scholarship receives one that is, well, shit.
I can't afford to go to (insert college here) because all I got there was scholarshit.
by shannabanana310 May 16, 2011
An individual who is smart but only in uninteresting, trivial shit
If that scholarshit Marcus tries to correct me on how to pronounce GIF, I'm gonna punch him in the throat
by mar20095 June 05, 2016