Scholly Announces Scholarship Fund for Howard University Students Affected by Scandal - Black Enterprise
Black Enterprise Magazine July/August 2018 Issue

Recently, a story was released exposing the over $1 million theft in financial aid at Howard University between 2013 and 2017. Scholly, a comprehensive and accurate scholarship search platform that helps students match with scholarships, and then supports them to win the best scholarships for college, has stepped in to help.

According to a recent statement, the company is committed to helping students pay for college and ensuring they can achieve their dreams and the financial aid scandal at Howard University hits home for them. In order to help Howard students, they are launching a scholarship fund to award students who were adversely affected with up to $10,000 in scholarships per student.

Scholly tweeted, “In wake of the incident that occurred at @HowardU has opened a scholarship fund awarding the students affected up to $10,000″ using the hashtag #SchollyforHoward.

“To be clear, Scholly is not trying to vilify Howard. We are open to working with the university to identify the students affected and to make sure we help as many students as possible,” stated founder and CEO Christopher Gray to Black Enterprise.

Their goal is to contribute, ensuring that these students’ futures are not affected by the financial burdens that they were left with. “Students are the heart of our work, and we are committed to providing an opportunity for all,” states the site.

Scholly received the nation’s attention when it was featured on Shark Tank, landing a deal with Daymond John and Lori Greiner while sparking the biggest fight in Shark Tank history. Shortly thereafter, Scholly grew to be the No. 1 overall app in both the iOS App Store and the Google Play Store for over three weeks.

The company was named in Inc. Magazine‘s Top College Start-Ups, won Under Armour’s Cupid’s Cup competition, and won Steve Case’s Rise of the Rest Competition. Gray was named Ernst and Young’s Entrepreneur of the year for 2015 for Philadelphia and is one of Forbes’ 30 under 30 for 2016.

The Scholly team has helped hundreds of thousands of students and families who have been able to use the platform to find more than $70 million in scholarship money to go to the colleges of their dreams.

The Howard Fund is a one-time initiative and is separate from the company’s scholarship-matching service.

 

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Sequoia Blodgett

Sequoia Blodgett is a Reporter for Black Enterprise. She is also the founder of Commas, a consulting firm that gives entrepreneurs access to top tech and creative resources to help them grow their business.


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