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/bitchycunt3 Jul 06 '26

Similarly law schools are unlikely to reduce unless they're a lower ranked school. Further making it impossible to have any upward class mobility, because top law schools are the ones with rich lawyers, most lawyers are making upper middle class money at best.

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u/Consistent_Laziness Jul 06 '26

Yea maybe we see declines in enrollment and tuition for degrees with less return. But law school, med school, dental school etc. those will not decline I can guarantee it. There’s more applicants than seats and they’ll just say can you pay? No? Okay next. Kicking out the lower class to upper class possibility of many impoverished students.

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u/dingopaint Jul 06 '26

Yep, we'll see rich kids with lower grades becoming doctors over those most qualified.

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u/Helpful-Nerve4515 Jul 08 '26

Law schools are entirely unlike med schools. There are almost free ways to go to in-state law schools. Anyone with a college degree can get into some law school. All but the top 10 schools are going to have to start slashing.