Anyone who’s ever dealt with the stress of student debt knows how helpful a scholarship can be. But while applying to college is intimidating enough, need-based grants may only go so far, and knowing how to score a scholarship can feel next to impossible. That’s why the developers behind an app called Scholly decided to pull together a wealth of information and instructions in one simple user interface, putting current and prospective college students in a position where knowledge isn’t just power — it’s also cold, hard cash.
By showing users a vast array of available scholarships and helping them narrow everything down to determine which ones they could qualify for, the app is catching on with quite a few academic enthusiasts, including two Shark Tank investors, Lori Greiner and Daymond John. They invested $40,000 in the app earlier this year. It’s an especially useful tool for people looking to connect with tuition funds and solutions for other college costs, considering the fact that more than $100 million scholarship dollars go unclaimed each year.
From the looks of this app, we’re guessing that number’s about to decline pretty sharply. That’s a very good thing if it means more students can get the education they desire (and deserve!), especially if it keeps them out of debt in the process. And since the app’s founder, Christopher Gray, put himself through college by winning 35 (yes, 35) private scholarships and had enough left over to pay for grad school too, we’re thinking the dude knows what he’s talking about.
What do you think of this app? Spill in the comments below!