Provide student with place and grant (5)
I believe the answer is:
admit
I believe this is a double definition.
'provide student with place' is the first definition.
(I've seen this before)
'grant' is the second definition.
(I've seen this in another clue)
'and' acts as a link.
(Other definitions for admit that I've seen before include "Grant entry to" , "Confess (to something)" , "Accept" , "Confess; allow in" , "Recognise" .)