133. Section 2 of the Act of 2011 is amended by the insertion of the following definitions:

“‘bursary’ means money paid by an awarding authority to a student, or to an approved institution on behalf of the student, for the purpose of assisting the student to pursue an approved course at the approved institution, where the money is provided from a fund established pursuant to a bursary scheme;

‘bursary scheme’ means a scheme established, by way of a trust or other instrument, for the purposes of providing financial support to students falling into all or any of the following groups to assist them to participate in further education or higher education:

(a) students who are economically or socially disadvantaged;

(b) students who have a disability;

(c) students who are from sections of society significantly under-represented in the student body;

‘scholarship’ means money paid by an awarding authority to a student, or to an approved institution on behalf of the student, for the purpose of assisting the student to pursue an approved course at the approved institution, where the money is provided from a fund established pursuant to a scholarship scheme;

‘scholarship scheme’ means a scheme established, by way of a trust or other instrument, for the purposes of providing financial support to students who demonstrate the level of educational attainment (if any) required by the scheme and who fall into all or any of the following groups to assist them to participate in further education or higher education:

(a) students who are economically or socially disadvantaged;

(b) students who have a disability;

(c) students who are from sections of society significantly under-represented in the student body;”.