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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred May 25

    Holy hellpic.twitter.com/V6Cg2OBR6E

    8:16 AM - 25 May 2018
    • 32 Retweets
    • 103 Likes
    • Neoliberal 🦃 Ben McRedmond Erik Brassell Tikhon Bernstam Umi Hussaini Andrew Alspaugh Tim Hanlon David Senra Phlegmatic Capital
    17 replies 32 retweets 103 likes
      1. New conversation
      2. tony‏ @misocove May 25
        Replying to @AustenAllred

        How does a student even get a $600K loan for university? Seems way out of bounds.

        2 replies 0 retweets 1 like
      3. Austen Allred‏Verified account @AustenAllred May 25
        Replying to @misocove

        There are probably quite a lot of doctors with 500k+ in student loans

        1 reply 0 retweets 5 likes
      4. Drebin‏ @drebin761 May 25
        Replying to @AustenAllred @misocove

        But how does a student get a loan for that much? How insane do you have to be to underwrite that?

        1 reply 0 retweets 1 like
      5. Jim‏ @jimtalksdata May 25
        Replying to @drebin761 @AustenAllred @misocove

        1. Income potential 2. Student loans non-dischargeable in bankruptcy = near risk-free investment

        0 replies 0 retweets 4 likes
      6. End of conversation
      1. New conversation
      2. Paul Frazier‏ @pfrazier May 25
        Replying to @AustenAllred

        Thought of you as I was reading this and am now calling my senator @RonWyden. Federal government needs to rein in these unsecured loans that have allowed for profit to bloom and non-profit universities to jack up tuition rates.

        1 reply 0 retweets 1 like
      3. Shiraz Hemani‏ @Shirazlikewine May 25
        Replying to @pfrazier @AustenAllred @RonWyden

        Tuition didn’t require a student loan until the Fed govt got involved and started financially backing the loan system. Then suddenly prices went up once “free” money was being backed by the Fed govt. Just like with the housing bubble and healthcare - Fed involvement = price soar

        1 reply 6 retweets 15 likes
      4. A #1, Emperor of the North Pole‏ @railboss May 25
        Replying to @Shirazlikewine @PollySpin and

        I’ve pointed this out for years. People seem to be dumbfounded when you try to explain how Govt involvement drives up prices. Many people cannot fathom how healthcare would work w/o Govt. Would you take $5 for job when someone is offering $10? Especially if it’s ‘free’ money.

        0 replies 0 retweets 2 likes
      5. End of conversation
      1. New conversation
      2. Joe Cesare‏ @OneSixtyToOne May 25
        Replying to @AustenAllred

        This is insane. When does the whole loan system collapse? Let's remember that these costs eventually get passed on to everyone via higher prices for services, insurance, etc. Only winners are the banks.

        1 reply 0 retweets 1 like
      3. Paul Frazier‏ @pfrazier May 25
        Replying to @OneSixtyToOne @AustenAllred

        Thats the problem. It won't/can't collapse because most of the loan dollars are backed by the federal government. So every tax payer will end up paying for the bad debt. If the federal gov't wasn't backing these loans no private company would underwrite them.

        0 replies 0 retweets 6 likes
      4. End of conversation
      1. New conversation
      2. Brady Lester‏ @blester_MS May 25
        Replying to @AustenAllred

        I read that article this morning. Makes me sick. Screwed up system but also, where is this guy’s responsibility compass? He obviously could do more to pay off his debt.

        1 reply 0 retweets 2 likes
      3. Yung Kark AKA Vladimir Leanin‏ @DoctorSergalMD May 25
        Replying to @blester_MS @AustenAllred

        or he could just not, like hes doing. been seven years and they haven't come to suck the orthodontics out of his brain yet, so apparently hes doing something right

        0 replies 0 retweets 1 like
      4. End of conversation
      1. New conversation
      2. cascadiajac‏ @cascadiajac May 25
        Replying to @AustenAllred

        I mean, on one hand: yes, the system is broken, nobody should be in this much debt for an education. But in the other: this guy consciously decided to go to a school where he would spend $600k despite the fact that there are plenty of more affordable options.

        1 reply 0 retweets 3 likes
      3. 1 more reply
      1. Michael Jones‏ @MichaelJones7 May 25
        Replying to @AustenAllred

        Damn, 600K to go to USC. Just nuts.

        0 replies 0 retweets 1 like
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      1. griffin‏ @griffinshuth24 May 25
        Replying to @AustenAllred

        Wow

        0 replies 0 retweets 1 like
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      1. Mike Way‏ @MikeWay3 May 26
        Replying to @AustenAllred

        Insane.

        0 replies 0 retweets 0 likes
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      1. Pete Rich ☀️‏ @petemsgt1787 May 25
        Replying to @AustenAllred

        Well this is interesting.pic.twitter.com/vWKMqnNtAh

        0 replies 0 retweets 0 likes
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      1. Name cannot be blank‏ @Random_Name_Gen May 25
        Replying to @AustenAllred

        I have trouble feeling much sympathy for an orthodontist. I'd have more sympathy if he were un/underemployed.

        0 replies 0 retweets 0 likes
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      1. Dedicating Ruckus‏ @ded_ruckus May 25
        Replying to @AustenAllred

        fucking hell, just void the damn loans

        0 replies 0 retweets 0 likes
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