Protecting Parents From PLUS Loans Could Deny Their Children's College Dreams

Monica Cabral is coming around to the idea that she will be in debt until she dies.

A single parent, Ms. Cabral took out about a $10,000 federal Parent PLUS loan in the early 2000s, when her son needed help paying his college tuition. Still paying off her own student loans, she had all her loans consolidated to make the payments easier to manage. But Ms. Cabral, 67, was recently laid off and is buckling under what she calls "astronomical" interest rates.

Ms. Cabral suspects