<prompt> Human: Its certainly my fault for not knowing earlier but I found out that my parents have 140k in PLUS loans for me alone 120k 20k interest at 6.8-7.9 interest rate. Previously I thought that it was more in the tune of 70-80k due to refunds which was manageable but due to some issue the refunds were not used for the loans.This debt is way too high, I can contribute a good portion of money to help but this is way beyond what I expected had to be paid. My main questions are:1. Anything that can be done? In terms of reducing the interest rate, reducing the amount we owe and handling this burden?2. Anything tax related on this? Lets say we pay 5k, can we take 5k off what we owe in taxes?Im trying to keep a level head but this took me by surprise, so I may have missed important questions. Any other help would be great.  <response>: Your parents took out more in lans than was required to cover your college expenses. They spent the excess. None of that is your fault.If you are able, you could offer to take over making payments on one or two of the higher interest rate loans. If you do that, get the information and make the payments directly to the lending institution. 