Business·28.04.2026ملخص الذكاء الاصطناعي Scholly Founder Sues Sallie Mae Over Data Privacy and Wrongful Termination
Chris Gray, who sold his Shark Tank-backed scholarship search startup Scholly to Sallie Mae in 2023, is suing the student loan giant for wrongful termination. Gray alleges Sallie Mae laid off his co-founders, fired him after he raised concerns about data privacy, and is selling user data—including personal info on minors—through a subsidiary called SLM Education Services (Sallie.com). Gray claims he believed Sallie Mae, as a federally regulated bank, would be prohibited from selling user data. Sallie Mae called the allegations 'without merit.'