'Bless you, for dropping in. I'm Jacob P. Rayapati, Professor of English at Cheyney University of Pennsylvania.
You are visitor number !!!
There are two elements in this name. i. "vidya" = skill, knowledge, wisdom; and ii. "aalaya"= abode, home. Together the two elements would mean "abode of wisdom," or "home of knowledge," or "school."
The element "aalaya" is found in such easily recognizable names as "HIMAALAYA" = the abode of snows; or the not so easily recognizable "DEVAALAYA" = temple, or house of God.