Well they’re guaranteed by the government, so loan companies get the profits and subsidize the losses, which is a lot of how we got into this mess in the first place. You can’t lose by underwriting a student loan.
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Replying to @AustenAllred @SoroushG_
Any time you can underwrite credit and there’s no risk of losing there WILL be a bubble. Usually only the government is insane enough to guarantee such a program. Everyone else would go bankrupt overnight.
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Replying to @AustenAllred @SoroushG_
Have you seen CLIMB, they have the school act as the backstop instead of the government - because they mostly work with unaccredited programs. They are in NYC if you want an intro.
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Replying to @brooksmorgan @SoroushG_
Yup, Lambda School trains people for free in exchange for a share of future income
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Replying to @AustenAllred @SoroushG_
I know that. We had a call two weeks ago ;)
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Replying to @brooksmorgan @SoroushG_
Lol so hard to connect twitter to real life
11:07 AM - 5 Apr 2018
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