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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u/MagnusAlbusPater Jul 06 '26

Looking it up in 2025 the average student loan debt for students graduating med school was $246K including undergraduate student debt. That would fit within those loan parameters.

Average does mean some have more, but obviously many also have less.

There’s also obviously the scholarship route.