Immediately after graduation, Ryan Morrison inescapably came to terms with the onerous student debt he had to deal with. But having taught himself some novel coding, he saw the situation as an opportunity and thought of coming up with a feat that would surpass the conventional applications encouraging investing and simplified savings.
So what came to mind was an app tailored towards young people that would synchronize their accounts, keep track of their purchases, and more importantly round up each transaction to the nearest dollar. The difference would then be funneled into the student loan or any existing arrears. With the take, a user would hardly feel any pinch in the short term, and even better the “forced savings” in the long run would have a considerable impact.
Reference
https://news.fiu.edu/2017/11/be-there-as-fiu-social-entrepreneurs-enter-shark-tank-dec-8/117503
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