A good education is the main key that helps to build a person’s character. But it is very unfortunate to say that nowadays the expenses of education have increased so much that every student can not afford the costly education. At that very moment, the meritorious students seek financial help so that they can carry on their studies uninterruptedly.

We know that it will be a great financial help if you get a scholarship from your college. But they are not easily available. A student named Christopher Gray himself encountered the difficulties of college applications, so he was very keen to resolve this problem.  Hence, he developed the Scholly app and visited Shark Tank. There, he signed a deal with Lori Greiner and Daymond John. Scholly’s net worth today is about $1.5 million.

Let’s learn everything we should know about Scholly.

Also Read: What Happened to Touch Up Cup’s After Shark Tank?

What is Scholly?

Scholly is a platform to search for scholarships. You can get it as an app as well as the web version. For the students who are now pursuing their studies in the USA or are willing to study in the USA, this app is particularly designed for them. Moreover, about 850,000 people have downloaded this app.

Students who have post-secondary or above qualifications may apply for the scholarship through this app. You may buy a subscription plan which starts from $2.92 to $200 lifetime. The most interesting thing about the app is that it is completely free of ads.

How Does Scholly’s Application Work?

Scholly is a platform for searching for scholarships online. It enables users to figure out the best scholarships for higher studies. With the help of AI and search mechanisms, this app matches the profiles of the students and offers them opportunities to get a scholarship.

The platform keeps a record of the active scholarships, awards, and amounts and makes a comparison of all the components with the needs of the users. To provide the best scholarships, the platform utilizes the profiles of the students, their academic scores, and their interests.

Moreover, Scholly assures that the students will get pertinent outcomes for their searches. The platform does not ask users to add their Social Security numbers. Thus, the users can easily prevent financial states as well as spam.

How is Scholly doing now?

Now it is 2023, and Scholly is still available in the app store. Android users, as well as iOS users, can download this app. The app has received four-star reviews. The app has managed to raise more than $100 million in funds. The app is now considered to be the best scholarship app on Shark Tank. Moreover, the company has now launched several subscription plans, including a lifetime subscription plan.

The founder was partnered with Jess Williams, who supported the process.  After this, the app gained more than 33,000 followers on Facebook. Hence, the app is downloaded by more than 10,000 people every month.

Who is the owner of Scholly?

The Scholly Inc. Software company was founded by Christopher Gray, Nick Pirollo, and Bryson Elf. The idea came to him when he won a scholarship worth about $1.3 million.

He graduated in economics from Drexel University. When he was successful on Shark Tank he managed to win various awards along with entering the 30 under 30 lists on Forbes.

The CEO cum founder of the company got the title Ernst & Young’s Entrepreneur of the Year in 2015.

Scholly app reviews

Scholly is supposed to be the best app to look for scholarships in America.  There are two segments in the app which are divided into Scholarships and Essays. Students may choose as per GPA, State, and desired college major from parameter preference.

Moreover,  you may get options to sort out and save after searching for the scholarship. In the Essay segment, students are allowed to select from five prompts. It comes up with sample essays and their support. This is to inform you that the Essay segment is completely free.

Due to this, the app was praised by everyone because it helps and empowers the learner. So, people gave a huge amount of positive scholly reviews.

Who are the competitors of the company?

As per the available online data, the competitors of Scholly are Scholarme, Raiseme, and Scholarshipowl. Scholly after Shark Tank gained more than $ 11 million in sales within 7 years. All these happened when the app signed the deal on Shark Tank. The company is now going to add a few new features and funding partners in 2023.

What is Scholly’s net worth?

The Schollys application was founded by Christopher Gray. He also plays the role of CEO in the company. We have seen him be featured on the Forbes list of 2016.

As soon as the company cracked the deal from Shark Tank, Scholly managed to earn a huge amount of respect from the audiences, particularly the learners. Before the Shark Tank, the approximate scholly value was $2.6 million.

But when the episode spread and the founders signed the deal the valuation of the company began to grow incredibly. Scholly net worth in 2023 is over $5 million.  The media channels started to call out the owner of the company Christopher frequently.

Still, now, the app, Scholly has aided a huge number of graduates and undergraduates in getting proper scholarships.  The net worth of Christopher Gray is over  $20 million as of 2023. He only aims to assist the students in getting their required scholarships.

Is Scholly successful in making money?

Yes, Scholly made money successfully. It is still in business and gaining profits. They have kept up their position in business to date.

How much does Scholly cost?

The cost of Scholly is as follows :

• You have to pay $4.99 for one month.
• You have to pay $24.99 for six months.
• You have to pay $34.99 for twelve months.

How much is Scholly worth today?

As per our online research, as of 2023, the value of Scholly is about $1.5 million. Moreover,  it has gained almost $ 11 million in retail sales after appearing on the Shark Tank.

But during the Shark Tank, the value of the company was about $260,000. As soon as the show was aired the sales of the company increased incredibly. 

Is Scholly worth it?

Scholly helps students to find scholarships in their academic institutions. It is indeed a worthy option for a huge number of students because there are a lot of student testimonials who have won huge amounts of scholarships.  They even helped students to get $100 million as a very impressive scholarship.

How much is Scholly net worth?

Now, the Scholly app’s net worth is about $1.5 million.

What about Shark Tank’s appearance?

Christopher Gray moved to his following plan. He offered the shares 15% of his business for a sum of $40,000. He came to the show in season six and attracted the Shark Tank investors after telling them how the app worked.

The business model was liked by Daymond John and Lori Grenier. So, they decided to divide the $40,000 investment without learning the Scholly revenue. 

What happened to Scholly after Shark Tank?

When the Shark Tank episode was aired various media outlets like Forbes, BusinessWeek, Fox News, and Fortune Magazine, featured Scholly. Gray met Oprah, and Bill Gates, and the Whitehouse invited Gray twice.

Scholarly was considered the best college scholarship app and has 850,000 downloads. Before the Shark Tank one had to pay $0.99  but it is now available free of cost.

What are the Advantages and Disadvantages of Scholly?

Scholly helps students to find educational scholarships. The founders aimed to connect students of every level. Hence he built this app.

The advantages of Scholly

• The main advantage of this app is that you can easily download and install the app on your mobile phone.
• This app allows you to save scholarships on the app for future access.
• You may search for different scholarships with the help of the useful features and interfaces of the app.

The Disadvantages of Scholly

You will find no drawbacks if you use the Scholly app. All you need to a stable internet connection so that you do not face any connectivity issues.

Moreover, at the time of looking for the Scholly app a lot of students often log in to the ‘Scholarly Scholarships App’ by mistake. It might be a scam and for this, you may encounter financial stakes.

That is why you must check the name multiple times if you want to get legit scholarships from the Scholly app.

Conclusion

High school students who are looking for the best scholarships may choose the Scholly app. There are various subscription plans available. You may choose as per your requirements.  You may choose a montage or yearly plan. Scholly is the ultimate solution for any kind of educational scholarship.

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