One may put out in it for instruction (7)
I believe the answer is:
tuition
'for instruction' is the definition.
(tuition is a kind of instruction)
'one may put out in it' is the wordplay.
'out in it' can be anagrammed to 'TUITION'.
Though, I am not clear how the anagram is indicated.
Can you help me to learn more?
(Other definitions for tuition that I've seen before include "Training" , "Lessons" , "Personal coaching" , "Teaching, often one-to-one" , "Schooling" .)