Bobby Matson @bomatson
Founder @payitoffapp 😬 I rant about student loan insanity bomatson.com New York, USA Joined June 2009-
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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
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 🫡
🚨Supreme Court strikes down Biden’s student debt relief plan 6-3 decision, along ideological lines, majority opinion by Roberts supremecourt.gov/opinions/22pdf…
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...
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...
@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".
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-ven…
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
This New Workplace Benefit Could Soon Become Standard hubs.li/Q01Hq2wV0 Written by @bomatson of @payitoffapp
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.
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
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
This is no bueno
Yikes, from CNBC right now: "SVB financial deposit outflows outpacing sale process"
Today the SCOTUS will hear arguments on Biden’s student loan cancellation plan. Here’s what to expect: aei.org/op-eds/what-to…
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_arguments… #scotus #studentloans #studentdebtrelief
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
Student Debt Relief Fight Shows Need For Permanent Solutions To Rising Debt hubs.li/Q01CwwHX0 Written by @bomatson of @payitoffapp
NEW YORK FOUNDERS: Gov. Hochul announced the state is matching up to $250k in funding for pre-seed and seed rounds led by a private investor/VC. Convertible notes, SAFEs and equity deals all eligible. Must have raised less than $2mm - esd.ny.gov/pre-seed-and-s…
Great way to start the year! Delighted to see that @usedgov has decided to allow IDR adjustment payments to count for pslf for parent plus borrowers after all! studentaid.gov/announcements-…
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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Headed to @FintechMeetup. Ping me if you’ll be there.
Fresh on my blog... I am Back as CEO Of Stocktwits - What Can You Expect? Let's Have Some Fun and Of Course Make Some Money. howardlindzon.com/p/back-ceo-sto…
Genuinely caring about what you work on is a big competitive advantage. Too many people underestimate this simple idea.
$502,000 in student loans yesterday. $0 today. 🎉 For many physicians, this will be one of the happiest days of their lives. Our largest PSLF win thus far for a client. 🙌
The IDR waiver is a much bigger deal than I think a lot of folks appreciate. On an ongoing basis, it's resulting in nearly as much cancellation as PSLF:
The next chapter is here for @CanapiVentures. $750 million closed in our second fund, bringing total AUM to $1.4 billion in five years, to help build the new financial services economy. Let's do it. prnewswire.com/news-releases/…
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
Today is the LAST day to reserve your spot at my lending summit tomorrow. We have 20+ sensational speakers who are all seasoned experts in fintech and banking. Register here: bit.ly/3tYzA9x A few of the pros joining us: @PolicyPitts @nehanarkhede @EmaSpeaks @mikulaja
Across our lending customer base, the median income of borrowers surged by ~30% in 6 months. As banks scale back on lending, fintechs & non-bank lenders are attracting higher-income borrowers. Smart lenders use cashflow analytics to safely extend credit. Excited for this topic!
Today is the LAST day to reserve your spot at my lending summit tomorrow. We have 20+ sensational speakers who are all seasoned experts in fintech and banking. Register here: bit.ly/3tYzA9x A few of the pros joining us: @PolicyPitts @nehanarkhede @EmaSpeaks @mikulaja
@immad Intrinsic motivation is a lot easier to have in the parts of the experience curve which are not Getting Good and so I would tend to be quite willing to praise/etc during that awful interminable Getting Good era.
Turbotax is the final boss of fintech
@_catwu One of my favorite posts from @ay_o kunle.app/feb-2021-how-t…
@_catwu One of my favorite posts from @ay_o kunle.app/feb-2021-how-t…
great to see @bomatson and @payitoffapp in the news solving #studentloandebt clay.earth/share/feed/0CC…
PSA: if you're going to @money2020, now is a great time to get your flu shot and COVID booster. Your fellow attendees (and your family) will thank you not to be a spreader. 💉✌️
@f6ary Wow. VCs are lucky to serve founders, not the other way around.
An NFT of Jack Dorsey's first tweet bought for $2.9M is now valued at less than $4
@JoeConsorti This is @payitoffapp 's opportunity. cc: @bomatson
I genuinely find it interesting when people ask this question. I guess it would seem like a scam if you assumed that a.) the problem Visa is solving is primarily a technical one ($10k/mo server rack) and b.) that Visa keeps the entirety of the interchange fee.
why does visa collect 1–2% on 40% of all credit transactions? are they just collecting rent? it feels like their entire business is a sham that could be run on a $10k/mo server rack. is it one of those weird america things? do India/China/Europe have these problems? so many Qs
Here are 10 beautifully designed + well executed websites I found this week:
16 movies every startup founder should watch: 1. The Founder "The only thing that matters is getting it done."
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