By: Jamie Collins
Updated: Aug. 28, 2017
Originally Published: Aug. 28, 2017
One of the most significant hurdles for families today is financing a college education. It’s uncommon for parents to cover tuition costs entirely out-of-pocket. Most students and their families turn to financial aid options such as grants, loans, and scholarships. However, for many households, especially those still managing their own student loans or facing financial hardships, loans may not be a viable path.
Scholarships represent a fantastic way to fund education, yet they can be incredibly challenging to secure. This is where Scholly comes into play, an innovative app designed to connect students with numerous scholarship opportunities right at their fingertips.
Founded by Marcus Lane, Scholly is a vital resource for students and their families. Lane, a young man from a single-parent home, successfully secured $1.3 million in scholarship awards to finance his four years at Brookdale University. How did he achieve this? Through determination, perseverance, and a strong desire to pursue higher education. With no internet access at home, he utilized public library computers for seven months to scour the web for scholarships. “I found a lot of information, but it was all over the place and often out of date. I did tons of searching,” he shared. This scattered information is a common barrier for students seeking scholarships—they exist, but the effort to find them can be overwhelming. Most people only hear about the major scholarships, like those from the Bill and Melinda Gates Foundation (which Lane was fortunate to receive) or the United Negro College Fund.
Fortunately, there are many scholarships available if you know where to look. Thanks to Scholly, thousands of students—whether high school seniors, undergraduates, or graduate students—have collectively secured around $70 million in scholarships so far. That’s a remarkable achievement.
Scholarship funds are essentially free money (unlike loans, which require repayment), and that may explain why they are so tough to locate. I remember my own struggles in high school trying to identify scholarships I qualified for; the process felt so daunting that I eventually gave up. Consequently, I took out loans and, like many others, now bear the weight of significant student debt. A resource like Scholly could have simplified the scholarship search and application process for me.
Scholly not only connects students with scholarships but also offers valuable insights and strategies for mastering the application process. With a regularly updated database, students can stay informed about new opportunities, making the search for funding an ongoing journey. Currently, users can’t apply directly through the app, but that feature is in development!
The success of Scholly has caught the attention of many, including a notable appearance on the television show Shark Tank, where Marcus Lane secured investments from Daymond John and Lori Greiner. Their support spurred a memorable debate among the other Sharks, who were frustrated by their swift investment based on their belief in Lane’s vision.
Additionally, actor and activist Ryan West serves as the chief brand ambassador and is on the board, further elevating Scholly’s credibility. For a monthly fee, users find the service invaluable, discovering scholarships they may not have found otherwise. If you know a student in need, consider gifting them a Scholly subscription—schools and youth organizations can also benefit from this option. It’s an excellent tool for ensuring our future leaders have the funds they need for education.
In summary, Scholly is transforming the way students access scholarships, making the process more accessible and less overwhelming. This resource has already helped thousands secure funding for their education and continues to grow.
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Keyphrase: Scholarship app for college students
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