Charge student for experience (4)
I believe the answer is:
feel
'for experience' is the definition.
(feeling is a kind of experiencing)
'charge student' is the wordplay.
'charge' becomes 'fee' (fee is a kind of charge).
'student' becomes 'L' (as in L-plates for learner drivers).
'fee'+'l'='FEEL'
(Other definitions for feel that I've seen before include "Perceive, sense" , "Fondle" , "Perceive by touch" , "Consider" , "Leg (of mutton/lamb)" .)