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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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    1. elisabete.codes‏ @Elisabete Jul 14
      Replying to @toomuchpete @marktnoonan

      Thank you, Pete. I’m losing energy to keep expanding on this, so I really appreciate the assist. You summed up underlying issue, beautifully, here. It’s not so different from the pre-2008 0% down mortgage scheme that preyed on low income folk, and launched us into a recession.

      1 reply 0 retweets 1 like
    2. Austen Allred‏Verified account @AustenAllred Jul 15
      Replying to @Elisabete @toomuchpete @marktnoonan

      We’ll put more data and stories on the site. Most DON’T have experience and DON’T have degrees, most STILL making $80k+. Only $50k jobs we have now are in very rural areas.

      1 reply 0 retweets 0 likes
    3. Pete Holiday‏ @toomuchpete Jul 15
      Replying to @AustenAllred @Elisabete @marktnoonan

      It's instructive that you're willing to potentially screw over folks in big cities to make sure you don't /maybe/ lose a few bucks on people in rural areas. Especially when you're wringing so much financing profit out of these deals.

      2 replies 0 retweets 1 like
    4. Mark Noonan‏ @marktnoonan Jul 16
      Replying to @toomuchpete @AustenAllred @Elisabete

      Pete, Elisabete, this is where the problem actually clicks for me. Thank you both for doing the work to change my mind. If the business relies on any number of humans getting into unlivable repayment situations, it's garbage. Hoping Lambda acts on the feedback they got this week.

      1 reply 0 retweets 1 like
    5. Austen Allred‏Verified account @AustenAllred Jul 16
      Replying to @marktnoonan @toomuchpete @Elisabete

      Again, no Lambda School students get into unlivable payment situations

      1 reply 0 retweets 0 likes
    6. Mark Noonan‏ @marktnoonan Jul 16
      Replying to @AustenAllred @toomuchpete @Elisabete

      I'm open to having my mind changed again when you guys do post more details on your cohort and the results. Given the terms as published it does seem that Lambda is indifferent to bad outcomes, and does not explicitly prevent them. But I do believe you *can* lead the way on this.

      1 reply 0 retweets 0 likes
    7. Austen Allred‏Verified account @AustenAllred Jul 16
      Replying to @marktnoonan @toomuchpete @Elisabete

      If we put students in situations where they can’t pay they won’t pay us, it’s that simple. We also have options to defer payment should they be necessary, but we’ve never had to use them. Will update the outcomes page today. Most students have no degree/experience, $82k med sal

      2 replies 0 retweets 1 like
    8. Mark Noonan‏ @marktnoonan Jul 16
      Replying to @AustenAllred @toomuchpete @Elisabete

      Good! I think people are seeing this as a machine that does not have the flexibility you describe. Showing how a person making $50k could pause, reduce, or defer payments if needed might reform the impression that you insist on $8500 out of $50k even if it induces hardship.

      1 reply 0 retweets 0 likes
    9. Austen Allred‏Verified account @AustenAllred Jul 16
      Replying to @marktnoonan @toomuchpete @Elisabete

      The thing the people in this thread don’t understand is those aren’t things you shout to the world or they’re abused, but we know and work with the financial situation of every student, and again, the only people who have received $50k jobs are in rural areas

      1 reply 0 retweets 1 like
    10. Mark Noonan‏ @marktnoonan Jul 16
      Replying to @AustenAllred @toomuchpete @Elisabete

      This human element is missing from your website, as is the scholarship afaik. People have been burned a lot, horribly, by legitimate-looking for-profit education. I see how people got the idea they have by calculating from your published terms & materials.

      1 reply 0 retweets 2 likes
      Austen Allred‏Verified account @AustenAllred Jul 16
      Replying to @marktnoonan @toomuchpete @Elisabete

      Fair, will update!

      6:44 AM - 16 Jul 2018
      0 replies 0 retweets 0 likes

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