Will PLUS loan rates that take effect 07/01/2008 be lower than the current 8.5%?

[psguy]

<p>Interest rates have sure gone down in the last year. </p>

<p>Will PLUS loan rates that take effect 07/01/2008 be lower than the current 8.5%?</p>

<p>If so, wait until 07/01/2008 to apply for a PLUS loan? Is that too late?</p>