The Sepek Academic Scholarship was a prestigious award of access to an institute.
Lieutenant Anaanda Ziff had received this scholarship prior to 2369. (TNG: "Eye of the Beholder")
It was seen on Anaanda Ziff's personnel file on a computer in "Eye of the Beholder". The name may be in reference to Sepek, a Vulcan that appeared in TAS: "Yesteryear".