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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 Feb 10

    Want to hear an insane stat? Between 2013 and 2015 more University of Phoenix students defaulted on their student loans than graduated

    10:09 PM - 10 Feb 2018
    • 644 Retweets
    • 1,616 Likes
    • Tech Industry PLOW ❤️Love What You Do❤️ Darius Corrigall Alan // Neptunius 🌈💗 Vince Pomal InfoSec PLOW José Pedro Dias Luke Brown VentureCrushAV
    29 replies 644 retweets 1,616 likes
      1. Austen Allred‏Verified account @AustenAllred Feb 11

        And it’s not just the University of Phoenix. This was true of at least 514 colleges and universities in 2013. http://dev.takepart.com/article/2013/07/08/student-loan-default-rates-rise-graduation-rates/index.html …

        5 replies 52 retweets 109 likes
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      1. New conversation
      2. Stuart Spooner‏ @StuartSpooner Feb 11
        Replying to @AustenAllred

        What’s your sourcing for this data point? Don’t want to blind retweet something just because it supports a narrative I agree with. :)

        1 reply 0 retweets 15 likes
      3. Austen Allred‏Verified account @AustenAllred Feb 11
        Replying to @StuartSpooner

        I’ve linked a few sources above. Here’s another http://dev.takepart.com/article/2013/07/08/student-loan-default-rates-rise-graduation-rates/index.html …

        0 replies 5 retweets 12 likes
      4. End of conversation
      1. New conversation
      2. Ian Brown‏ @igb Feb 10
        Replying to @AustenAllred

        Source? Seems plausible, just would like to see that data before I RT.

        2 replies 0 retweets 11 likes
      3. Austen Allred‏Verified account @AustenAllred Feb 11
        Replying to @igb

        You can download data here https://www.usnews.com/news/data-mine/articles/2017-11-07/federal-data-show-39-million-students-dropped-out-of-college-with-debt-in-2015-and-2016 … or find a ton of other sources citing the phenomenon. Not hard when a tiny fraction graduate

        1 reply 7 retweets 15 likes
      4. Ian Brown‏ @igb Feb 11
        Replying to @AustenAllred

        Thanks...that was a great (and troubling) article.

        0 replies 0 retweets 2 likes
      5. End of conversation
      1. New conversation
      2. Space MP‏ @AWoodill Feb 11
        Replying to @AustenAllred

        So many feel a degree is the only way to success in life - and I can't fill auto mechanic positions that pay $80k to start....

        3 replies 3 retweets 13 likes
      3. Austen Allred‏Verified account @AustenAllred Feb 11
        Replying to @AWoodill

        How much school does it take to become a mechanic?

        1 reply 0 retweets 4 likes
      4. Space MP‏ @AWoodill Feb 11
        Replying to @AustenAllred

        There are "good&bad" programs out there, but the trade school I normally hire from is 51 weeks.

        2 replies 0 retweets 5 likes
      5. 𝐂𝐡𝐫𝐢𝐬𝐭𝐨𝐩𝐡𝐞𝐫 𝐇𝐚𝐫𝐫𝐢𝐬  🎸 🏴‍☠️‏ @Principal_H Feb 11
        Replying to @AWoodill @AustenAllred

        Got my Associates Degree in Automotive Technology from @MercerCollege and kept going from there—Eventually became Assistant Principal at @Scvts - love all the Vocational Programs!!!!! @DynamicDuda338 #WonderTwinspic.twitter.com/kwFeObIBsC

        0 replies 0 retweets 6 likes
      6. End of conversation
      1. New conversation
      2. Prez Cannady‏ @prezcannady Feb 10
        Replying to @AustenAllred

        We've done charity based education. We've done taxpayer funded education. We've done debt traps disguised as education. Maybe it's time to take an equity stake in students?

        2 replies 0 retweets 5 likes
      3. Ankush Narula‏ @ankushnarula Feb 10
        Replying to @prezcannady @AustenAllred

        Indentured servitude FTW

        1 reply 0 retweets 3 likes
      4. Prez Cannady‏ @prezcannady Feb 10
        Replying to @ankushnarula @AustenAllred

        No more so than debt financed education. Considerably less so; if you don't earn, you don't owe. Institutions take on considerably more risk. Theoretically, this means only players that can consistently deliver earners will survive.

        1 reply 0 retweets 3 likes
      5. Prez Cannady‏ @prezcannady Feb 10
        Replying to @prezcannady @ankushnarula @AustenAllred

        If @AustenAllred's model thrives enough to build a market around trading earnings contracts and futures, it might spawn better metrics for evaluating even traditional non- and for-profit institutions. I'm liking this approach more and more every day.

        1 reply 0 retweets 4 likes
      6. Ankush Narula‏ @ankushnarula Feb 10
        Replying to @prezcannady @AustenAllred

        I like it - need to read up. Initial edge cases that pop into mind are performance variance (human shit), bottom-feeding (junk bonds), and hyper-speculation (derivatives^n). But will read up. Exciting idea.

        0 replies 0 retweets 0 likes
      7. End of conversation
      1. New conversation
      2. John Saveland‏ @johnsaveland Feb 10
        Replying to @AustenAllred

        That's alarming. How is UPhoenix still legal?

        2 replies 0 retweets 6 likes
      3. Derek E. Baird‏ @derekeb Feb 10
        Replying to @johnsaveland @AustenAllred

        Related: http://www.slate.com/articles/life/education/2014/01/southern_new_hampshire_university_how_paul_leblanc_s_tiny_school_has_become.html?wpsrc=sh_all_mob_tw_top … via @slate //

        1 reply 0 retweets 7 likes
      4. 1 more reply
      1. TheTurbatron‏ @TheTurbatron Feb 12
        Replying to @AustenAllred

        That's because students "enroll" in classes just to qualify for the student loans. They don't use the $$ for college but for other things. They expect it to be forgiven eventuallyhttps://www.zerohedge.com/news/2014-11-19/what-do-college-undergrads-spend-their-student-loans-high-school-classes …

        0 replies 2 retweets 2 likes
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      1. Kashif Osman‏ @WizKashifa Feb 11
        Replying to @AustenAllred

        Want an even more insane stat? No @LambdaSchool student will ever default or have to take out loans.

        0 replies 0 retweets 7 likes
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