We take out sadqa on daily basis, which comes out to be good amount if we collect the same and utilize it properly.

On an average, monthly we take out sadqa of approximately Rs. 3000/-

A Shia neighbor of mine is in need of funds for her studies. can I donate this Sadqa Fund to her so that she can pay her fees and continue her studies?

Yes it is also one of the use of the sadaqah in fact it is the best use of the sadaqah to educate someone who is struggling because of the fund issue.