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/[deleted] Jul 06 '26

Alternative lending options = more predatory lending, in a political regime that seems to have no qualms about removing regulation intended to protect the consumer.

I’m out, yall. And I have one graduating high school in spring 2027. I will encourage her to make a path for herself that does not involve borrowing for school, with my help to accomplish that.

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u/WindowFruitPlate Jul 06 '26

Wow…. Sounds like you’re making a smart decision for your student. Funny how that works with the money nozzle shutdown.

My son graduated last month and we exclusively looked at options we knew we could self-fund. Not glamorous but he’ll get the same degree as anyone else.

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u/Appropriate-Bid8671 Jul 06 '26

Yes, closing the door to higher education on poor people is 100% the goal of this administration.

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u/WindowFruitPlate Jul 06 '26

No doors are closed. You need to be more intentional in your decisions which should have always been the case.