Bobby Matson
@bomatson
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Founder @payitoffapp 😬 I rant about student loan insanity
New York, USA
Joined June 2009
w00t! Payitoff raised a $8.5M seed round from @lightspeedvp, @sound_ventures_, @StruckCapital and @SocialLeverage, w/ $11M total raised to date! Thank you to our insanely talented team, investors and supporters for helping us reach this point. Let’s go save borrowers billions!
Today, we’re excited to announce that we’ve raised a $8.5 million seed round led by @lightspeedvp, with participation from @sound_ventures_, @StruckCapital and @SocialLeverage, putting our total raised to date at $11M! Read more from our CEO below 👇 https://t.co/PXqZBLuuAH
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Someone at @FAFSA needs to reach out to mohela to stop these from going on incorrectly. Seems to be a widespread problem when no one has to certify before march 2024
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15 million student loan borrowers spent money they thought wouldn't be paid back. Worse yet — 22 million said they're unprepared for interest payments to resume. Get ready for a tsunami of defaults, here and elsewhere, after October 1st 🫡
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🚨Supreme Court strikes down Biden’s student debt relief plan 6-3 decision, along ideological lines, majority opinion by Roberts https://t.co/JfMZm7qOTb
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Mike is right, the payment restart IS going to be a mess & it's not shocking that borrowers aren't ready. Critics usually point out that student loan borrowers have had 3+ years to prepare for payments to restart. That's true. But...
[BREAKING] @CFPB Economists issue a dire warning about the state of student loan borrowers' finances. This is ugly. And it is only going to get worse. 🚨🚨🚨🚨🚨 👇 https://t.co/hmt2kSLy99
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@RyanDetrick @bespokeinvest 12/ More stress coming for borrowers? Federal student loan payments are currently scheduled to turn back on 60 days after June 30, unless the Supreme Court rules on Joe Biden’s student debt forgiveness plan before then. "The average student loan combined payment is $393 p/m".
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1/ Want to get smarter on AI? The partners at @lightspeedvp put together this reading list of the blog posts and books we’ve found most compelling over the past few months: https://t.co/Esieyejdq3
medium.com
Check our our AI Reading List guide for May 2023
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It was interesting to learn from @bomatson on how he took his desire to be Student Debt free and turned it into Payitoff, a business that has helped thousands of people get control of their debt. Check uut the full episode on YouTube, Apple Podcasts, go… https://t.co/bQ5xpmd2Xr
linkedin.com
It was interesting to learn from Bobby Matson on how he took his desire to be Student Debt free and turned it into Payitoff, a business that has helped thousands of people get control of their debt....
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This New Workplace Benefit Could Soon Become Standard https://t.co/Y7P8Lh5Eoh Written by @bomatson of @payitoffapp
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Running a company: 2020: can you survive a pandemic? 2021: still here? we’re going to give all of your competitors $100m series A rounds. 2022: wow, you made it? okay, all engineers cost $600,000/year now. 2023: nice job! okay, we’re going to take away your bank account.
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This is a really bad day for the startup ecosystem. Really hoping my fellow founder friends and their teams are able to reduce any exposure here - such a terrible outcome
1. Only 2.7% of SVB deposits are less than $250,000. Meaning, 97.3% aren't FDIC insured.
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Yikes, from CNBC right now: "SVB financial deposit outflows outpacing sale process"
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Today the SCOTUS will hear arguments on Biden’s student loan cancellation plan. Here’s what to expect:
aei.org
Now, it will be up to the nine Supreme Court justices to decide — both whether the parties demonstrate damages and whether the administration is acting within its authority as it attempts to take the...
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already see where the Supreme Court is leaning on student debt relief - "how can you apply half a trillion in cancellation as a waiver?" https://t.co/4EmD0CplBp
#scotus #studentloans #studentdebtrelief
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The ongoing legal battles are just the latest demonstration of how American borrowers need a more permanent fix. Read more: https://t.co/mUu1oSmq6V Written by @bomatson of @payitoffapp
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Student Debt Relief Fight Shows Need For Permanent Solutions To Rising Debt https://t.co/7lZET7dp0I Written by @bomatson of @payitoffapp
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Federal appeals court rejects the Biden administration’s request to proceed with wide-scale student loan forgiveness. #news #studentloans #college #fintech #finance #Financial #markets #investing #education @WeMentorMoney
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I believe we’re at 9 extensions?
I’ve lost count of the payment pauses, but here’s another one: Until June 30, 2022 (or 60 days after courts clear up all these lawsuits).
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