award vs scholarship

award and scholarship both are nouns.

Word	Noun	Adjective	Verb	Adverb
award	Yes	No	Yes	No
scholarship	Yes	No	No	No

As nouns, scholarship is a hyponym of award; that is, scholarship is a word with a more specific, narrower meaning than award:

award: something given for victory or superiority in a contest or competition or for winning a lottery
scholarship: financial aid provided to a student on the basis of academic merit

Other hyponyms of award include fellowship, gratuity, door prize, jackpot, prize money, premium.

award (noun)	scholarship (noun)
a grant made by a law court	profound scholarly knowledge
a tangible symbol signifying approval or distinction	financial aid provided to a student on the basis of academic merit
something given for victory or superiority in a contest or competition or for winning a lottery

award (verb)	scholarship (verb)
give, especially as an honor or reward
give as judged due or on the basis of merit