In response to a press announcement, shopper financial institution, Sallie Mae Company, lately purchased “a number of key property” from scholarship net and app search platform, Scholly. The buyer financial institution additionally plans to buy Scholly Presents, “a platform that matches customers with strategic companions to assist them earn money again,” in addition to its scholarship administration software program.
The company will make Scholly accessible to all college students, households, and different customers without charge; giving them the chance to browse and apply for thousands and thousands of {dollars} value of scholarships, Enterprise Wire reported.
Over the course of time, Scholly has assisted thousands and thousands of customers in acquiring greater than $100 million in scholarships.
Scholly’s founder and CEO, Christopher Grey, informed AfroTech in 2022 that the corporate’s objective has at all times been to “help as many college students as attainable to entry monetary freedom,” including that “Since launching in 2015 and serving to households throughout the nation obtain scholarship alternatives, we realized that there have been nonetheless some ways to assist college students all through their journey to pursue larger training and pay for it.”
A portion of Scholly’s know-how, mental property, and expert personnel are additionally included within the deal. This comes after Sallie Mae’s 2022 acquisition of the property of training know-how firm Nitro Faculty.
Relating to the acquisition, Grey expressed, “Sallie Mae shares that very same objective, and by making entry to Scholly free, collectively, we’re additional investing in larger training entry and affordability for college kids and households from all backgrounds.”
Sallie Mae CEO, Jon Witter, additionally acknowledged that the acquisition of Scholly’s main property aligns “ with our mission to energy confidence in college students and households and additional solidifies Sallie Mae as an training options firm.”
He revealed that the group can now make the most of Scholly’s ground-breaking know-how and increase on it to grab new prospects for strategic development.
