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Navigating college scholarships with Scholly by Sallie

According to data from ScholarshipOwl, half of Gen Z students have no money for college, while a Bloomberg report found the average sticker price for an Ivy League University education is over $90,000 a year. Fortunately, there are a myriad of scholarships available to students in the US. Scholly By Sallie Founder Christopher Gray and Shark Group CEO Daymond John joins Wealth! to break down some of the best ways to avoid student debt and how prospective students can navigate the mass of scholarship opportunities. John invested in Scholly after Gray pitched the service on an episode of Shark Tank. Scholly was then acquired by student loan lender Sallie Mae (SLM) in 2023. Gray offers this piece of advice for students getting ready to apply for scholarships: "I think that just being able to start as early as you can, and if you do have to wait the last minute, that's fine, people have different responsibilities but that is the biggest mistake. Waiting to the last minute and then just having to rush and do all those essays and applications, you have to submit FAFSA forms, you have to do all of those things. So that's the biggest mistake I see people make." John instills the importance of education and why students need to apply for scholarships: "There's a lot of great programs out there that want to reward people who are moving in the direction that scholarships and opportunities have been presented. I think that just like in business, your personal business, you can either increase sales or reduce costs. If you can reduce the costs of getting a better education, then in the long run, it's a great payoff." For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Nicholas Jacobino


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Here's how JPMorgan is giving ex-criminals a second chance

Nearly one in three Americans with an arrest record or conviction are struggling to find a job, according to JPMorgan Chase data. JPMorgan is working in conjunction with organizations like the Second Chance Business Coalition — which is co-founded by JPMorgan and the Eaton Corporation — and the University of Pennsylvania's Wharton School to co-host the Second Chance Conference to examine employment trends and discuss sustainable solutions for formerly incarcerated workers. JPMorgan Chase Head of Research, Policy & Insights for Corporate Responsibility Heather Higginbottom joins Yahoo Finance to outline the objective of breaking down barriers that keep ex-offenders from effectively rejoining the US workforce, from state legislation to re-examining companies' hiring practices. "One of the biggest priorities we have is increasing the number of states who have enacted or have passed what we call 'clean slate legislation,' and what that means is that states pass laws, and they say after a certain period of time, for certain sets of crimes, your record can be expunged," Higginbottom says. "Unfortunately, the process to do so is incredibly lengthy, bureaucratic, time-consuming, and expensive. And even in those states where there have been efforts to enact these expungement opportunities, it isn't taken up." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.


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