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Austen's profile
Austen Allred
Austen Allred
Austen Allred
@Austen

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Austen Allred

@Austen

CEO Bloom Institute of Technology (fka Lambda School); Technical education from the future (YC S17). Seeking perfection.

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austenallred.com
Joined December 2010

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    Austen Allred‏ @Austen 12 Aug 2020

    I have never seen anything quite like what is happening in private student loans right now. We’re talking 18% APRs, denying borrowers with co-signers who have perfect credit. Students dropping out because they can’t get credit and/or rates are so high. Out of control.

    10:24 AM - 12 Aug 2020
    • 15 Retweets
    • 332 Likes
    • Optimystic Jeff Sherlock BALTASAR Will Jack Samuel Knoche Atif Nehvi itsHui3 Vermillion002 First Last
    34 replies 15 retweets 332 likes
      1. New conversation
      2. Tyler Pruett‏ @tylerpruett 12 Aug 2020
        Replying to @Austen

        Yes, it’s crazy

        1 reply 0 retweets 1 like
      3. This Tweet is unavailable.
      4. Show replies
      1. Ryan 👻‏ @Ryanth3nerd 12 Aug 2020
        Replying to @Austen

        Do you have any plans to expand the amount of subjects Lambda covers? I seriously think your school's model is the future of all education.

        0 replies 0 retweets 2 likes
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      1. New conversation
      2. Kirtan‏ @kirtandesai 12 Aug 2020
        Replying to @Austen

        Higher ed needs skin in the game. In-source student loan financing and tuition will go down

        2 replies 0 retweets 11 likes
      3. Justin Potts‏ @PottsJustin 12 Aug 2020
        Replying to @kirtandesai @Austen

        This is not the only solution

        1 reply 0 retweets 1 like
      4. Show replies
      1. Littoral Regiment S-6?‏ @patrickgallagh6 12 Aug 2020
        Replying to @Austen

        Seems like lenders are terrified by non-asset back loans. They have no confidence in the short or medium-term economic outlook

        0 replies 0 retweets 2 likes
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      1. Zach Tratar‏ @zachtratar 12 Aug 2020
        Replying to @Austen

        The fact this credit crunch hasn't worked its way into the stock market yet is blowing my mind. It's all over the place. Lending has dried up.

        0 replies 0 retweets 13 likes
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      1. Archive of Awe‏ @archiveOfAwe 12 Aug 2020
        Replying to @Austen

        Possibly a consequence of student loan forgiveness/indefinite deferral becoming more likely

        0 replies 0 retweets 5 likes
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      1. Hannah Konit$hek  🚀  ⚖️‏ @HannahKonnn 12 Aug 2020
        Replying to @Austen

        Hannah Konit$hek  🚀  ⚖️ Retweeted Justin Potts

        Similar to this thread:https://twitter.com/PottsJustin/status/1293597548310155265?s=20 …

        Hannah Konit$hek  🚀  ⚖️ added,

        Justin Potts @PottsJustin
        I talked with a student this morning who's getting kicked out of nursing school because they can't qualify for a loan. Imagine spending years going school to help people, working two jobs to pay for it. And just as you're about to cross the finish line, the banks say "no."
        0 replies 0 retweets 5 likes
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      1. Carl G. Thiel‏ @cgustavthiel 12 Aug 2020
        Replying to @Austen

        Just wait until next year when big schools receive less booster money and less money from collegiate sports ON TOP of students deferring!😳😅

        0 replies 0 retweets 1 like
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