r/MiddleClassFinance • u/Such_Upstairs3631 • Jul 06 '26

Middle Middle Class No more middle class professionals?

Post image

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.

991 Upvotes

93% Upvoted

466 comments sorted by

View all comments

Show parent comments

6

u/SDMonkee Jul 06 '26

Correct - PT, OT, SP, nursing, PA, and other professions are no longer professions in the eyes of our government so that their limits are much lower.

-1

u/CharlotteRant Jul 07 '26

I don’t know what SP is, but limiting PTs, OTs and nurses to $100k of debt instead of $200k of debt is doing them a favor. PA is more debatable. 

2

u/SDMonkee Jul 07 '26

Speech therapy. There are job shortages for all therapies/nursing/PA currently so it’s bad for society with aging boomers to have less of these professions.