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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 4 Nov 2017

    The great college loan swindle.http://www.rollingstone.com/politics/features/taibbi-the-great-college-loan-swindle-w510880 …

    9:03 AM - 4 Nov 2017
    • 5 Retweets
    • 9 Likes
    • Bryan Hamblin Brenner Andrew Fierce Startup Diazepam Robert Kalé Jeffrey Higgins Spencer Jesse Rowe Jessica Moore
    4 replies 5 retweets 9 likes
      1. New conversation
      2. Austen Allred‏Verified account @AustenAllred 4 Nov 2017

        One single change that would completely rock the college system: make student debt bankruptable, like every other kind of debt.

        2 replies 2 retweets 17 likes
        Show this thread
      3. Austen Allred‏Verified account @AustenAllred 4 Nov 2017

        If that happens loan providers have to model likelihood of repayment. Now they don’t even care: worst case scenario you just pay forever

        2 replies 1 retweet 10 likes
        Show this thread
      4. End of conversation
      1. New conversation
      2. Tyler Pruett‏ @tylerpruett 4 Nov 2017
        Replying to @AustenAllred

        “Tuition for a halfway decent school now frequently surpasses $50,000 a year” Um. Just no.

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred 4 Nov 2017
        Replying to @tylerpruett

        Ya I can’t think of a rational way to play devils advocate and defend that sentence

        0 replies 0 retweets 1 like
      4. End of conversation
      1. New conversation
      2. Perry Ahern‏ @PerryAhern 5 Nov 2017
        Replying to @AustenAllred

        It's disgusting. My $136k in loans in IBR is in good standing, starts forgiveness in 4 years. May switch to PAYE, forgive all in 4 years.

        1 reply 0 retweets 1 like
      3. Perry Ahern‏ @PerryAhern 5 Nov 2017
        Replying to @PerryAhern @AustenAllred

        The taxes on that "earned income" will be fun to handle. Better than the full load at least.

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Trey Alexander Davis‏ @TreyADavis 4 Nov 2017
        Replying to @AustenAllred

        It's a scam- universities charge outrageous rates for a poor experience but the student is on the hook to pay it all back. Forever. 💰

        0 replies 0 retweets 0 likes
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