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Steve Case, the AOL co-founder and former CEO, awarded a $100,000 competitive grant to Scholly. [3] [5] He also teamed with Grey’s Anatomy star Jesse Williams. [3] In 2023, Scholly was acquired by educational lender Sallie Mae for an undisclosed sum. The app, which was previously $2.99 USD to download, will become free of charge.
That's what gave Gray, now 26, the idea to start "Scholly," an application that helps students find scholarships for college. Since its inception, Scholly has managed to help over 2 million ...
Scholarships, or college aid that never has to be repaid, are one way to reduce education-related costs. They offer students the chance to showcase unique skills, backgrounds and perspectives to ...
Scholarships may have a financial need component but rely on other criteria as well. Some private need-based awards are confusingly called scholarships and require the results of a FAFSA (the family's EFC). However, scholarships are often merit-based, while grants tend to be need-based. Some examples of grants commonly applied for in the U.S.:
In the U.S., a grant is given on the basis of economic need, determined by the amount to which the college's Cost of Attendance (COA) [6] [7] exceeds the Expected Family Contribution (EFC), [8] calculated by the U.S. Department of Education from information submitted on the Free Application for Federal Student Aid following formulas set by the United States Congress.
A young man (in bowtie) receives a scholarship at a ceremony. A scholarship is a form of financial aid awarded to students for further education.Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need, research experience or specific professional experience.