Core Insights - Scholly, founded by Chris Gray, has successfully connected students to over $100 million in scholarships since its inception, and it is now part of Sallie Mae following a recent acquisition [3][4] - The partnership between Scholly and Sallie Mae aims to enhance access to higher education for underserved communities, with a commitment of $1 million to the Thurgood Marshall College Fund [2][3] - The Scholly app is now free for all students and families, reflecting Sallie Mae's evolution as an education solutions company [3] Company Overview - Scholly was initially developed with the support of 'Shark Tank' investors Daymond John and Lori Greiner, who recognized its potential to help students find scholarships [1][2] - The app connects students to scholarships based on their skills and interests, addressing the growing challenges of student loan debt and college affordability [2][3] Recent Developments - Chris Gray returned to 'Shark Tank' to share the success of Scholly and its integration into Sallie Mae, highlighting the impact on students' lives [1][2] - The announcement of two $10,000 scholarships to high school seniors and the $1 million commitment to support scholarships for underserved communities underscores the mission of both Scholly and Sallie Mae [2][3]
Scholly Returning to ABC's 'Shark Tank' for Company Update on March 15