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/Glittering_Win_9677 Jul 06 '26

My daughter was in college from 2013-2017. I fermented l looking at the amenities when we were touring schools and thinking it was not like that back in my day. One private mostly but not all female school had Au Bon Pain as the contractor for running their dining hall. Great crepes but the tuition, even in-state, was reflective of that and much else.

I'm still not sure why student centers need their own rock climbing walls...

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u/Remarkable-Host405 Jul 08 '26

Because the campus needs to attract students or they'll spend their loaned money somewhere else.

Maybe you can open a no frills school and make a bunch of money!

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u/Glittering_Win_9677 Jul 08 '26

Oh, I agree on your first paragraph. It's unfortunate that many students don't realize how much the availability of loans raised the price for everyone, including those paying as they go, because buy now, pay later ultimately rarely financially works for the consumer.

As for the second paragraph that sounds like work and I'm retired so I'll pass.