刚才找了一个LZ提到的文本,如果结合上下文
“I actually wanted to talk about a new departmental fellowship. It's being given to top students in the sciences next semester. It's worth 3000 dollars towards tuition. I wondered it you might be interested in applying for it."
我理解的是,这个3000刀可以抵补学费~~
out of 是从…中,也就是直译的”从优秀的学生中挑出更多“