Educational award made in 60 minutes (6)
I believe the answer is:
degree
This might be a double definition.
'educational award' is the first definition.
'degree' can be an answer for 'award' (degree is a kind of award). I am unsure of the 'educational' bit.
'60 minutes' is the second definition.
(I've seen this before)
'made in' acts as a link.
Can you help me to learn more?
(Other definitions for degree that I've seen before include "Graduate's qualification" , "Unit of temperature and college award" , "It's given to college graduates" , "Award conferred by a college or university" , "Rank" .)