PLUS loans allow parents borrow from the government to pay for their children's college education. The interest rate is currently an outrageous 7.9% and may even go higher due to the "sequestration."
Lowering the interest rate would put a college education within reach of middle class students whose parents make too much for needs-based aid, but not enough to pay for their children's college education. The cost of attending college is spiraling out of control. The PLUS loan interest rate needs to be lowered NOW, for the future of our children and our country.