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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 14

    Austen Allred Retweeted Lisa Abramowicz

    We’ve only seen the tip of the iceberghttps://twitter.com/lisaabramowicz1/status/963745762608926720 …

    Austen Allred added,

    Lisa AbramowiczVerified account @lisaabramowicz1
    Consumers are really struggling to repay their student debt, with the amount of delinquencies probably rising to about 22% of the $1.4 trillion market: New York Fed https://blogs.wsj.com/economics/2018/02/13/the-student-loan-problem-that-wont-go-away/ … h/t @amillerstrategy
    6:45 AM - 14 Feb 2018
    • 6 Retweets
    • 17 Likes
    • James Burns Keith Wasserman Calvin Chu Saku Panditharatne Albert Nichols Yasin Randall Bennett Martin Dunphy Hannah Godofsky 💃🏼
    4 replies 6 retweets 17 likes
      1. New conversation
      2. Adam Singer‏Verified account @AdamSinger Feb 14
        Replying to @AustenAllred @Keith_Wasserman

        What would happen if everyone collectively decided not to pay. It's not like they could declare martial law or anything.

        2 replies 0 retweets 0 likes
      3. Nikhil Krishnan‏Verified account @nikillinit Feb 14
        Replying to @AdamSinger @AustenAllred @Keith_Wasserman

        It would make it much worse for incoming classes probably

        1 reply 0 retweets 1 like
      4. Adam Singer‏Verified account @AdamSinger Feb 14
        Replying to @nikillinit @AustenAllred @Keith_Wasserman

        I wonder what part of society / institution millennials will stick underwater as our vengeance act.

        2 replies 0 retweets 1 like
      5. Austen Allred‏Verified account @AustenAllred Feb 14
        Replying to @AdamSinger @nikillinit @Keith_Wasserman

        Right now everything is effectively underwritten at a federal level, so you can lend to anyone with absolutely zero repercussion. Would have to change politically.

        0 replies 0 retweets 2 likes
      6. End of conversation
      1. Tony Mo‏ @tonymo Feb 14
        Replying to @AustenAllred

        College today reminds me so much of the housing crisis in that it suckers the lower classes by convincing them it is their ticket to greener pastures. They become speculators without knowing it. Easy money is always the devil.

        0 replies 0 retweets 1 like
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      1. Hannah Godofsky  💃🏼‏ @h_thoreson Feb 14
        Replying to @AustenAllred

        I know so many people that have never paid a cent back, or that only pay when they have income, and the rest of the time when they're not working they just defer indefinitely. The feds def aren't being 100% clear about how many people actually repay their student loans *in full*.

        0 replies 0 retweets 1 like
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      1. alex n‏ @gigatexal Feb 14
        Replying to @AustenAllred

        How would you fix the classical educational system not simply a really good focused coding school but one where you learn many things and become well rounded? Is it to just tell kids to go to cheaper community colleges?

        0 replies 0 retweets 0 likes
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