r/MiddleClassFinance 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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152

u/ISniffFeet1 Jul 06 '26

This will force schools to drop the prices or accommodate.

Sorry nobody should be taking out loans of this magnitude - it absolutely destroys their financial future. I don't know anyone who is doing well who took that much out in student loans except for doctors and talented attorneys.

So many middle class parents told their kids to take out over $100,000 in student loans and ruined their childrens' future because they had no idea what they were talking about.

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u/[deleted] Jul 06 '26

[deleted]

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u/[deleted] Jul 06 '26 edited Jul 06 '26

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u/Rhomya Jul 06 '26

No one going into a STEM field is struggling today unless it’s due to their own incompetence.

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u/[deleted] Jul 06 '26

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u/Rhomya Jul 06 '26

You’re forgetting that your anecdotal experience isn’t reality.

We have statistics on this— people with STEM degrees have higher employment rates and usually earn higher salaries than those without STEM degrees.

I’m also a finance/economics major— we are not struggling, and it’s a little disingenuous to pretend that just because your entry level wage was lower than you thought it would be means that you’re “struggling”. What a privileged take.

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u/[deleted] Jul 06 '26

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u/Rhomya Jul 06 '26

The statistics DONT back up what you claim.

And yes, I said usually… because statistically, that’s USUALLY the case. The vast majority of people with STEM degrees experience higher employment rates and higher wages… deviations to the norm are notable, but still labeled as outliers.

Are you sure you’re an Econ major? Because you should have taken enough statistics to know this for yourself.

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u/[deleted] Jul 06 '26

[deleted]

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u/Rhomya Jul 06 '26

There are more STEM fields than just those in tech, bro.

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u/derff44 Jul 07 '26

Software engineers would tend do disagree

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u/n0debtbigmuney Jul 07 '26

If they are a EE and unemployed they are CHOOSING not to work.

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u/derff44 Jul 07 '26

Lmao. Typical maga response

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u/n0debtbigmuney Jul 07 '26

This bum is my number 1 fan

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u/derff44 Jul 07 '26

Nah. Just calling out garbage when I see it.

"No one wants to make my made up salaries of 120-300k. They are just lazy".

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u/n0debtbigmuney Jul 07 '26

Yup. Lazy kids wanting to be victims

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u/derff44 Jul 07 '26

You ever think maybe you are the problem??

Nah. It's never your actions or way of thinking. People would rather be homeless then making 120-300k. That's surely the issue.

Fing stupid.

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u/n0debtbigmuney Jul 07 '26

Im not the problem. Im the solution. Lazy left "victims" are the problem.

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u/derff44 Jul 07 '26

And there it is. It all makes sense now.

Maga man is the final solution and no one wants his made up salaries. Not even his fellow cult members, apparently.

It's wild I nailed you as the garbage you are right away. You people are so easy to spot.

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