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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 Apr 6

    Want to run through an interesting thought experiment? Try to figure out what would happen if the government stopped subsidizing and guaranteeing student loans.

    4:33 PM - 6 Apr 2018
    • 14 Retweets
    • 78 Likes
    • Jesse Donoe 🤖 Sonya Mann 🎀 Misbah Ashraf Daniel Sigal Shillhouse Andrew Fierce Shane Emmett Samuel Machat r
    15 replies 14 retweets 78 likes
      1. New conversation
      2. ∑∅Z‏ @zubie7a Apr 6
        Replying to @AustenAllred

        University prices would plummet because their insane prices operate on the assumption that govt will lend almost any $ and both of them win and the one carrying the weight is the student?

        2 replies 2 retweets 13 likes
      3. 1 more reply
      1. David Monson 孟海涛‏ @DMons_ Apr 6
        Replying to @AustenAllred

        1) Private lenders step in... but they have to make a return on their money so they create strict reqs for who they lend to, where they go, what they learn, and potential for future employment. 2) Schools lose their F-ing minds because that blows everything up for them. 💥🔥

        0 replies 0 retweets 3 likes
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      1. New conversation
      2. @jayfallon@mastodon.social‏ @jayfallon Apr 6
        Replying to @TypeCopyEdit @AustenAllred

        I doubt that. The effect it would have would be to deny higher education to most people and put us on an asymmetrical footing vis a vis those countries where education is subsidized. The instructors are not going to get better overnight.

        2 replies 0 retweets 1 like
      3. Tweet unavailable
      4. @jayfallon@mastodon.social‏ @jayfallon Apr 6
        Replying to @TypeCopyEdit @AustenAllred

        So we should tax like Sweden and guarantee all students receive a quality education regardless of their ability to contribute financially? Because that’s something I’d support.

        1 reply 0 retweets 1 like
      5. Tweet unavailable
      6. @jayfallon@mastodon.social‏ @jayfallon Apr 6
        Replying to @TypeCopyEdit @AustenAllred

        In essence they already do when they pay $150K/yr for a developer fresh out of the pen and no tangible skills but should tell them that.

        0 replies 0 retweets 0 likes
      7. End of conversation
      1. Brian Stoffel‏ @TMFStoffel Apr 7
        Replying to @AustenAllred

        Colleges would have to stop building *Lazy Rivers* (yes, this is happening) and start focusing on *just* educating students.https://www.nytimes.com/2018/01/09/opinion/trustees-tuition-lazy-rivers.html …

        0 replies 0 retweets 1 like
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      1. Tim‏ @Tim468217 Apr 6
        Replying to @AustenAllred

        Tuition prices would drop. More people would enter the low skill labor force. Wages for professionals would rise.

        0 replies 0 retweets 1 like
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      1. J. Bob O'Malley‏ @jimomal77 Apr 6
        Replying to @AustenAllred

        people would plan their future.

        0 replies 0 retweets 1 like
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      1. You voted...now hold them accountable‏ @LonWishom Apr 6
        Replying to @AustenAllred

        Private lenders would either: 1. Not approve loans to students who they don’t project will make enough money to repay them in a suitable timeframe OR 2. Lend to everyone and charge sky high interest rates for those with greatest need.

        0 replies 0 retweets 1 like
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      1. Bill Brooks‏ @BROOKSWOODWORKS Apr 7
        Replying to @AustenAllred

        The entire modern day college system in the USA would collapse. Many colleges would fold since they don’t offer skills for the modern day. Many students would drop out realizing their degree would not help them get a job.

        0 replies 0 retweets 0 likes
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      1. Beth Phillips‏ @BeingHomeBlog Apr 7
        Replying to @AustenAllred

        The people most reliant on Fed subsidized loans and drowning in debt (even those who never finished) would go berserk.

        0 replies 0 retweets 0 likes
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      1. UltimApe  🐜 💩 💛‏ @ultimape Apr 6
        Replying to @AustenAllred

        With the high cost of tuition, It would be framed as an attack on poor people going to college and or generalized attack on higher-education by powerful lobbing groups: https://www.opensecrets.org/lobby/indusclient.php?id=W04 … in the same way that they are avoiding accountability: https://www.propublica.org/article/higher-ed-lobby-quietly-joins-for-profit-schools-to-roll-back-tighter-rules …pic.twitter.com/tGlg3GnOQ2

        0 replies 0 retweets 0 likes
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      1. steve dust‏ @sjdust Apr 6
        Replying to @AustenAllred

        Or just treats it as a credit on future income taxes, if b.s is earned in < 5 years, grad degree in < X etc.

        0 replies 0 retweets 0 likes
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      1. Agile Hulk‏ @Agile_Hulk Apr 6
        Replying to @AustenAllred

        I'd settle for the government capping total student expenses (counting the grants and loans toward expenses).

        0 replies 0 retweets 0 likes
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      1. Jayson Virissimo‏ @JaysonVirissimo Apr 6
        Replying to @AustenAllred

        Let’s break that Overton window right open: what if we taxed higher schooling like the mostly positional good it is?

        0 replies 0 retweets 0 likes
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      1. You voted...now hold them accountable‏ @LonWishom Apr 6
        Replying to @AustenAllred

        From the perspective of HEIs they could all adopt the learn now/pay when you’re employed model that you guys have (which is awesome) but that would drastically reduce the number of liberal arts/social science degrees (which I know some ppl think is great)

        0 replies 0 retweets 0 likes
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