In this article, Education Secretary Arne Duncan explains the issue of students taking out loans and having to deal with the steady year to year increase of rates.
The biggest issue with the increasing rates is students unable to afford payments thus leading them further into debt. The obama administration has proposed regualtions that allow only eligible students and programs for aid. Many try to avoid debt which is ultimatly possible if they avoid to take out loans for school.
This issue connects with Birkland when he dicusses institutional agenda, becuase education and student loans are issues that are currently being considered by the government.
http://www.nytimes.com/2010/09/14/education/14colleges.html?_r=1&ref=todayspaper
-Elizabeth Sziler
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A major point made in this article is for-profit institutions not practicing the concept of "gainful employment." This is when students receive an education that gives them marketable skills which enable them to get jobs after graduation. If students don't graduate with skills that can be utilized in the workforce, they cannot get a steady job that will earn them enough money to pay off their debts, which leads to defaulting on student loans. Just wanted to clarify that.
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