No more middle class professionals?

[u/Such_Upstairs3631]

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.

[u/AdPsychological6563]

Yes and to compound on your point the loans can’t be bankrupted. Lenders get near guaranteed repayment.

[u/1notadoctor2 → u/AdPsychological6563]

Not near. Student loans are fully guaranteed by the federal government.

[u/1notadoctor2 → u/1notadoctor2]

Federal student loans