Money in stupidity female's withdrawn for student (5)
I believe the answer is:
lolly
'money in stupidity' is the definition.
'lolly' can be an answer for 'money' (slang term). I'm not sure about the 'in stupidity' bit.
'female's withdrawn for student' is the wordplay.
'female's withdrawn' becomes 'olly' (I am not sure about this - if you are sure you should believe this answer much more).
'for' means one lot of letters go next to another (I've seen this in other clues).
'student' becomes 'L' (as in L-plates for learner drivers).
'olly' put after 'l' is 'LOLLY'.
Can you help me to learn more?
(Other definitions for lolly that I've seen before include "Money (for suckers?)" , "Flavoured iced water" , "A sweet; money (slang)" , "Money (informal)" , "Loot, dosh" .)