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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. Austen Allred‏Verified account @AustenAllred Jul 16

      Which of these feels like a better deal once you’re making $50k+ as a software engineer?

      27 replies 2 retweets 12 likes
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      Austen Allred‏Verified account @AustenAllred Jul 16

      Both capped at $30k

      10:08 PM - 16 Jul 2018
      • 1 Retweet
      • 12 Likes
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      11 replies 1 retweet 12 likes
        1. Andreas Klinger  ✌️‏Verified account @andreasklinger Jul 17
          Replying to @AustenAllred

          If its capped anyway 10% @ 3y feels easier to communicate/remember

          0 replies 0 retweets 8 likes
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        1. Monica Galvan‏ @mlynngalvan Jul 17
          Replying to @AustenAllred

          It depends on the person's financial circumstance and risk tolerance (if they have a family, previous student loans, and cost of living). 10% sounds better, 17% sounds too significant for someone starting out.

          0 replies 0 retweets 1 like
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        1. Sudheendra Chilappagari‏ @webaficionado Jul 16
          Replying to @AustenAllred

          Why not just give an option to pay $30k within 3/4 years at their own terms once they start earning >50K USD per year. Also "own terms" can be more attractive for a prospective student to consider. Just IMO :)

          0 replies 0 retweets 1 like
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        1. grahammcbain‏ @grahammcbain Jul 16
          Replying to @AustenAllred

          Wonder if it would be different it you ask in $ not %

          0 replies 0 retweets 1 like
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        1. Alex Bowles‏ @alexqgb Jul 16
          Replying to @AustenAllred

          Honestly, it depends on how big a burn you started with. If your expenses were already low, the bigger bite / faster payback seems smarter. If you've got non-deferable obligations, the latter may be more manageable

          0 replies 0 retweets 1 like
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        1. griffin‏ @griffinshuth24 Jul 17
          Replying to @AustenAllred

          Me personally who just started the part time program on Monday if we were allowed I would change it to 10% for 3 years in a heartbeat I would feel more confident and comfortable with having a family and a mortgage

          0 replies 0 retweets 0 likes
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        1. Coxsackie Candy Co‏ @CoxsackieCandy Jul 17
          Replying to @AustenAllred

          10% for 3 years is less $ to pay @ 50K.

          0 replies 0 retweets 0 likes
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        1. Eric Nagel‏ @ericnagel Jul 17
          Replying to @AustenAllred

          I was going to say 17%/2 until you said they were both capped at $30k. That changed my vote

          0 replies 0 retweets 0 likes
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        1. Yasin‏ @Yasin0424 Jul 16
          Replying to @AustenAllred

          If they’re capped at 30k, what does it matter? But, for me, the one that gets it over with faster would be more attractive.

          0 replies 0 retweets 0 likes
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        1. MΞHRAD‏ @viaMehrad Jul 16
          Replying to @AustenAllred

          Perception wise 10% looks like a better deal to graduates plus it’s felt less than 17%, and since both capped could be an option. Just not sure on financials for Lambda waiting 3 yrs vs 2 yrs...

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        1. Alder‏ @alder_riley Jul 16
          Replying to @AustenAllred

          Even without the cap I’m sure you’d get more people going for 10, 17 just seems too close to 20

          0 replies 0 retweets 0 likes
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