Scholarship
Stipend
noun
Encourage study money is money that you give to a kid to encourage him to study. That comes in the form of a scholarship or stipend.
しょうがくきん
This is a jukugo word that uses the on'yomi readings of the kanji. You should be able to read this on your own.
その占い師に、私は奨学金をもらえるだろうって予言されたんだけど、当たったよ。
The fortuneteller predicted that I would receive the scholarship and she was right.