Founder @payitoffapp 😬 I rant about student loan insanity
Joined June 2009
- Tweets 4,012
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- Followers 790
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Pinned Tweet
10 Nov 2021
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!
10 Nov 2021
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 👇
medium.com/payitoff/we-raise…
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Bobby Matson retweeted
2 Dec 2023
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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Bobby Matson retweeted
16 Jul 2023
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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Bobby Matson retweeted
30 Jun 2023
🚨Supreme Court strikes down Biden’s student debt relief plan
6-3 decision, along ideological lines, majority opinion by Roberts
supremecourt.gov/opinions/22…
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Bobby Matson retweeted
7 Jun 2023
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...
7 Jun 2023
[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.
🚨🚨🚨🚨🚨
👇
consumerfinance.gov/about-us…
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Bobby Matson retweeted
5 Jun 2023
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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Bobby Matson retweeted
16 May 2023
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:
medium.com/lightspeed-ventur…
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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…lnkd.in/gZMtn2Sp
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Bobby Matson retweeted
20 Mar 2023
This New Workplace Benefit Could Soon Become Standard hubs.li/Q01Hq2wV0 Written by @bomatson of @payitoffapp
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Bobby Matson retweeted
10 Mar 2023
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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10 Mar 2023
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
10 Mar 2023
1. Only 2.7% of SVB deposits are less than $250,000.
Meaning, 97.3% aren't FDIC insured.
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10 Mar 2023
Yikes, from CNBC right now: "SVB financial deposit outflows outpacing sale process"
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Bobby Matson retweeted
28 Feb 2023
Today the SCOTUS will hear arguments on Biden’s student loan cancellation plan. Here’s what to expect: aei.org/op-eds/what-to-expec…
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28 Feb 2023
already see where the Supreme Court is leaning on student debt relief - "how can you apply half a trillion in cancellation as a waiver?" supremecourt.gov/oral_argume…
#scotus #studentloans #studentdebtrelief
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Bobby Matson retweeted
23 Feb 2023
The ongoing legal battles are just the latest demonstration of how American borrowers need a more permanent fix. Read more: hubs.li/Q01CwC1P0 Written by @bomatson of @payitoffapp
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Bobby Matson retweeted
16 Feb 2023
Student Debt Relief Fight Shows Need For Permanent Solutions To Rising Debt hubs.li/Q01CwwHX0 Written by @bomatson of @payitoffapp
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Bobby Matson retweeted
1 Dec 2022
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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22 Nov 2022
I believe we’re at 9 extensions?
22 Nov 2022
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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