Sallie Mae Acquires Key Assets Of Black-Led Scholly, Plans To Make App Free For Students and Families

Along with the acquisition of the assets, Sallie Mae will make Scholly free for all students, families, and other users, the press release details.

“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,” Gray said in a press statement. “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.”