SLM acquires key assets of Scholly

Sallie Mae announced it has acquired several key assets of top scholarship search app, Scholly. In addition to Scholly’s industry-leading scholarship search and app, Sallie Mae will acquire Scholly’s scholarship administration technology, and Scholly Offers, a platform that matches users with strategic partners to help them earn cash back. Following the acquisition, Sallie Mae will make Scholly free for all students, families, and other users, providing access to search and apply for millions of dollars in scholarships. To date, Scholly has helped millions of members secure more than $100 million in scholarships. The company was founded by Christopher Gray, Nicholas Pirollo, and Bryson Alef. “With Scholly, we created a solution that helps level the playing field and gives every student the opportunity to go to college, regardless of their financial background,” said Gray, who himself won $1.3 million in scholarships to attend Drexel University and gained national attention when he landed a deal for Scholly on ABC’s ‘Shark Tank.’ “Sallie Mae shares that same goal and by making access to Scholly free, together we are further investing in higher education access and affordability for students and families from all backgrounds.”