She was awarded a full scholarship due to her excellent academic performance.

scholarship 是由名词 scholar（学者）加上后缀 -ship 构成的名词。scholar 指"学者"，后缀 -ship 表示"身份、资格、状态"等含义。 scholarship 在这里指"奖学金"，即提供给优秀学生用于资助学业的资金。