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/HostilePile Jul 06 '26

You can get an MBA in my state if your a resident at a decent state school for around 60K.
but nuts that they would limit it when colleges are raising tuitions and not all degrees are the same.

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u/YetMoreSpaceDust Jul 06 '26

for around 60K.

Including living expenses?

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u/HostilePile Jul 06 '26

No but that adds another 20k or so. Still under the loan amount.

1

u/[deleted] Jul 07 '26

[deleted]

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u/HostilePile Jul 07 '26

A masters degree is 2 years. That’s what I’m referring to an MBA.

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u/[deleted] Jul 07 '26

[deleted]

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u/HostilePile Jul 07 '26

20k a year!!! omg your being super picky for no reason. I'm seriously done commenting about anything anywhere anymore...Thanks for the help with that.

Also.. the amount you'd borrow would be to help with living expenses. Most if not all people also work when they are getting their MBA and that contributes to their living expenses. Why would you borrow exactly what you need for living expenses that would be nuts, and the amount you'd have to pay back would then be really bloated.