Bursar (&unr_;), n. [LL. bursarius, fr. bursa purse. See Burse, and cf. Purser.] 1. A treasurer, or cash keeper; a purser; as, the bursar of a college, or of a monastery.
[1913 Webster]

2. A student to whom a stipend or bursary is paid for his complete or partial support.
[1913 Webster]