PYT Funds, Inc. (“Pay Your Tuition”) provides gap funding for college students needing accessible micro-loans. We are seeking to create an emerging market in the underserved community by driving innovative higher education finance solutions.

PYT is a for-profit organization offering safe, fairly-priced gap loans that enable students to complete college on time.

Our business model is simple we currently make money by partnering with other lenders. In 2017 we have 2 lender partners who pay us for applications from families and also we are paid for funded loans. In 2018 we are projected to add 2 additional revenue streams, these streams are:
1) A small platform service fee to the families of $250.00 and
2) A marginal spread of 2%to 3% as a fund of funds for other student loan lenders looking to serve this mission by creating the first community development fund to serve higher education. Certified CDFI for higher education created by PYT Funds Inc
Our distribution channels are...
PYT Funds, Inc. (“Pay Your Tuition”) provides gap funding for college students needing accessible micro-loans. We are seeking to create an emerging market in the underserved community by driving innovative higher education finance solutions.

PYT is a for-profit organization offering safe, fairly-priced gap loans that enable students to complete college on time.

Our business model is simple we currently make money by partnering with other lenders. In 2017 we have 2 lender partners who pay us for applications from families and also we are paid for funded loans. In 2018 we are projected to add 2 additional revenue streams, these streams are:
1) A small platform service fee to the families of $250.00 and
2) A marginal spread of 2%to 3% as a fund of funds for other student loan lenders looking to serve this mission by creating the first community development fund to serve higher education. Certified CDFI for higher education created by PYT Funds Inc
Our distribution channels are via our online crowdfunding platform, our school partners, community partners, and lastly any of the other micro student lenders that seek to lend to the underserved communities.

We are seeking to be the first higher education finance community development financial institution.

Other products that we inspire to create are pay for performance loan management incentives to help pay down the debt when obtained by a student and also keep the loans performing.

Lastly, we are seeking to help restructure debt for communities that faced this problem in the past. We want to get the loans reperforming with private bank community money.
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Investors

Dick Adams
Admin
Dick Adams USA Based Director at PYT 10 years of Marketing and Sales experience.
FIS FinTech Accelerator
Admin
FIS FinTech Accelerator In Partnership with The Venture Center
VC FinTech Accelerator
Admin
VC FinTech Accelerator More than an Accelerator - A Strategic Partner with Global Connections.

Advisors

Rodney White
Admin
Rodney White
Wil Steves
Admin
Wil Steves

Recommendations

Joanna Pheil

Stacie and the PYT Funds team were an absolute pleasure to work with during our Accelerator program. As a team they brought enthusiasm and professionalism to all individual and group settings. As Program Manager of our program, I could immediately tell that PYT Funds was going to be a high performing startup, not only because it is delivering a solution where a true market opportunity exists, but also because the team is a group of high ceiling founders that are determined to succeed!

Kathleen Craig CEO at HT Mobile Apps

I had the pleasure of getting to know Stacie and PYT funds during the Points of Light Accelerator, where they were awarded the for-profit peer chosen investment. Stacie is a knowledgable entrepreneur with a passion for helping her students. Banks and credit unions are looking for additional revenue opportunities, and Stacie's unique market of gap student loans is a large opportunity with a social mission.

Todd Nuckols Advisor at Hourwise

I had the honor of accelerating this amazing founder and team through the fall of 2017. Simply put they will change the future for many worthy college students and may rewrite history when it comes to inclusive higher education opportunity. Stacie is tenacious, passionate and dedicated founder creating a company that will define a new market filled with opportunity.

Mike Malloy

Stacie is an incredible social entrepreneur with a mission to provide access to higher education for low-income students. PYT Funds has developed a robust set of partners and supporters to increase the probability of success for her venture, and for all the students PYT helps to pay their tuition. Stacie and I spent 5 months in the trenches together at the Halcyon Incubator. She consistently impressed me with her work ethic, hustle, professionalism, and willingness to accept and implement feedback. I highly recommend Stacie and PYT Funds - she's so much more than just a Pretty Young Thing!

Sue Harnett Former Board Member at FIRST NIAGARA FINANCIAL GROUP

PYT - Pay Your Tuition is an very innovative way to help solve the heavy burden of Student Loans. While everyone agrees the level of debt many graduate with is obscene, PYT was the first to offer a solution focused on STEM majors often minorities.

Many financial institutions have exited the Student Loan space, making funding even more difficult. The regulatory environment is also challenging

As a financial services professional with more than 30 years experience that has spent the last few years supporting FINTECH Innovation , I applaud and fully endorse the effort.

Nadege Johnson

I met Rich (Dick) Adams in 4th, but we really did not become close friends until 9th grade. In high school we clung to one another supporting each other to start our forever friendship. Rich was one of the more thoughtful & sensitive boys, but was a fierce competitor. Richie Rich as I called him diligently did his school work & was encouraging to all. I watch him start to grow into a leader. Rich & I ran track, he was the best on the team & Captain. Rich was voted most likely to win a Gold medal, but that was not his ambition. Rich's goal was to go to college. From a poor single parent there was only one way to do that. To win an scholarship in Track, which he did. Rich then started a career in Sales in San Francisco. Richard & I never lost touch.

Erik Baumgartner

Although I didn't have the pleasure to manage Dick Adams directly I did work in the same department with him for several years in LoopNet Custormer Service. I can say that Dick was always willing to put the client first and was very willing to learn how to handle different situations and difficult scenarios. I really saw Dick not only grow as a professional, but as an individual as well.

When Dick moved on from LoopNet Client Services into a new role as the Office Manager at LoopNet he was sorely missed on our team, but tackled the management of the office on full steam. He is always wanting to succeed and grow in any position/role that he takes on. I would definitely recommend him for any future employment and I hope some day that we can work together again.

Terry Dyer

I have know and worked with Dick Adams for nearly ten years. During that time, he has always gone the extra mile for his clients. Dick is an incredibly hard working, dedicated, and customer focused professional. I would absolutely recommend him.

Justin Meyer

I've had the chance to work with Richard and other members of the PYT team at a financial firm. I've seen the strategic and creative side of Richard. I know that in addition to his own talent he surrounds himself with the the most talented people to create the right type of environment for success.

Rashad Moore

As an angel investor I see a steady stream of concepts and entrepreneurs. Ms. Whisonant is one of the best entrepreneurs I've met; and PYT Funds is creating a revolutionary financial product in the student loan industry. I believe it has the ability to solve the many problems associated with Parent PLUS loans; and eventually supplant Parent Loans as the financial product of choice for financing the "last mile" of a student's educational expenses. Additionally, this same product can also solve many of the problems that international students face when financing their studies abroad.

I highly recommend Stacie and PYT Funds.

(Disclosure - I am a current investor in PYT Funds)

Charles Banks Jr. Employee at Equinox Washington D.C.

Richard Adams is such a well rounded and genuine person. Besides his outstanding work ethic and uncanny ability to make other around him better. I proudly recommend a great man for what he's accomplish and how understanding,unquestionably diverse and moving to his peer. Richard has it all!

Sterling Ashby

This company is bringing a much needed solution for families - parents and students - to have leverage in their negotiation over student loans with lending institutions. I am most impressed with Ms. Whisonant and the team she has assembled to execute on this powerful vision. Collectively, they are meticulous, resourceful, experienced, creative and strategic. I support this effort and hope your organization will see the possibility of this idea and the team that has been assembled to execute it.

Marie-Christine Toron, CPCC

Stacie is driven to excel in everything she does. She is highly ethical and has strong leadership and co-creation values. I highly recommend her as someone always striving to improve the world around her.