OneMain Partners with Scholly to Help Students Attend College

EVANSVILLE, Ind.–(BUSINESS WIRE)–OneMain Holdings Inc., America’s premier consumer finance company
offering responsible and transparent personal loan products, is proud to
partner with Scholly, an easy-to-use mobile application that helps
students find and apply for college scholarships. Together, they are
offering OneMain customers free access to the Scholly app, where they
can get the guidance and support they need to find college scholarships.

“Attending college is an important step towards financial security, and
it’s a step many of our customers are unable to take due to a lack of
resources or understanding of just what support may be available to help
them,” said Sheldon Caplis, Director of Community Engagement at OneMain.
“OneMain is committed to helping our customers build their credit and
increase their financial awareness and this partnership with Scholly is
a natural extension of our goal to make our customers’ lives better.”

In 2014, the Federal Reserve Bank of San Francisco reported* that the
average college graduate earns over $800,000 more than the average high
school graduate by retirement age. This additional earnings potential
could be life-changing for many families and would have a significant
positive impact in the communities where OneMain has a presence.

“Working with OneMain to help its customers navigate the college
scholarship process is an exciting opportunity for Scholly,” said Jordan
Goldenberg, Chief Marketing Officer and Creative Director at Scholly.
“Together, OneMain and Scholly can have a real, meaningful impact on
thousands of families in hundreds of communities across the country.
This is what the Scholly app was all about when we designed it and it
fits perfectly with OneMain’s customer commitment.”

Since offering OneMain customers free access to the Scholly mobile app,
these users have applied for over $45 Million in scholarships. OneMain
and Scholly are encouraging all OneMain customers to sign up to find out
what kind of financial assistance may be available to help them take the
steps they need towards a better education and a brighter financial
future. OneMain is offering the Scholly app free to the first 50,000
OneMain customers and selected community colleges and nonprofit
organizations who download it.

About Scholly

Scholly, based in Philadelphia, PA, was founded in 2014 by Christopher
Grey — then a student — who
won 1.3 million in scholarships
Scholly (As
seen on Shark
Tank
 and Forbes
30 Under 30
) is an app that gives high school students, current
college students, and graduate students a fast and simple way to find
scholarships for college. The app turns months of looking for money for
college into minutes. The Scholly App has been #1
in the iPhone and Android App store
 for several weeks, and, several
cities and states (e.g. Philadelphia , Memphis and Montana) have
purchased the app
 for their students. The app has also been endorsed
by the Coca Cola Scholars Foundation and the Gates Millennium Scholars
Foundation. The free Scholly app – which offers tips and advice for
applying for scholarships– is available through the iPhone and Android
app stores. The full version with access to the scholarship matching
platform is $2.99 and includes a web version as well. For more
information about Scholly visit www.myScholly.com.

About OneMain

OneMain (NYSE:OMF) is America’s premier consumer finance company
offering responsible and transparent personal loan products. For over
100 years, the company has been providing personalized, best-in-class
service at more than 1,800 branches in 44 states. The company’s iLoan
internet lending division also provides customers the opportunity to
complete the loan process entirely online. The company has more than
11,000 team members who proudly support the communities in which they
live and work. For additional information, please visit OneMainFinancial.com.

*FRBSF
Economic Letter
, May 5, 2014. “Is it Still Worth Going to College?”

Contacts

OneMain Holdings, Inc.
Tony Brand, 312-754-6848
tony.brand@springleaf.com