Once upon a time there were three students named Dani, Deirdre, and Will who took out a combined total of $270,000 in loans to pursue their degrees.
Hang on - let’s make that $380,379 with interest.
The story goes on
Rightfoot initially administered an employer student debt benefits program. But the repayment process proved highly challenging: they could not direct payments to the employees' highest interest loan, they had no way of confirming receipt of funds, and they needed expensive banking partners.
Addressing a need
Rightfoot realized they were not alone in their struggle. They spoke with companies who used outdated checks and biller pay solutions to pay down customers' student loans. Others still relied on banking partners that charged $10,000 a month, and lacked a technical layer specifying where and how to send funds to loan servicers.
They listened to product leaders:
I'm hitting a student debt repayment wall.
How do the puzzle pieces fit together? We need data about users' student loans, a banking partner, and a way to credit loan accounts.
At Rightfoot, we've built the industry's first student debt repayment APIs. We take care of the student loan data partnerships, banking partnerships, and student loan servicer partnerships you need to launch an automated, streamlined solution. We are the "pipes" that facilitate student debt repayment for your users, ensuring your team stays compliant and out of the flow of funds.
Is to lift a generation out of student debt and create a clear path to financial freedom. Are you in?
Co-Founder & COO
Co-Founder & COO
Director of Engineering
Get started on the right foot
Learn how you can turn your products into a student debt fighting machine.