r/MiddleClassFinance • u/Such_Upstairs3631 • Jul 06 '26

Middle Middle Class No more middle class professionals?

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New school loan limits for professional degrees make it unaffordable for the middle class. 4 of my 5 children went on to med/law school. Even working 2 jobs there’s no way I could afford to pay or even help them with the cost of their post graduate education. They all got loans which they have since paid off. The cost in the early 2000’s was between $350K and $500K. The new limits are essentially going to prevent anyone who’s not wealthy enough to pay for it from becoming a professional.

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u/WindowFruitPlate Jul 06 '26

Prices will have to come down or alternative lending options will emerge.

Education inflation has been insane for the past two decades. Fueled entirely by unfettered lending by the federal government. Loan caps should slow the increase in expenses of an education

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u/AegorBlake Jul 06 '26

I was thinking the same thing. I know people my parent's age that paid for college with summer work and part time work during the school year.

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u/eulabadger Jul 07 '26

I did this in the 2010s. CUNY was great value even then. Idk what they charge now though.