Not really. Socialism is based on "to each according to his need" whereas this young man has earned scholarships based on his abilities and accomplishments. Scholarships awarded to each according to his ability are the ANTITHESIS of socialism. This lesson in Economics brought to you by a former student who attended a private university on a full-tuition academic scholarship.
If it’s coming out of somebody else’s pocket, it’s socialism.
When the government taxes and take money from people who earned it then give that money to someone who didn’t earn it, it is socialism.
To say that he “earned” the scholarship is stretching the definition of earned. He met the government’s requirements to be given other people’s money.
Your concepts of socialism and economics appear fairly typical of what is taught in colleges today. That doesn’t make them correct.