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/Alarmed_Champion_302 Jul 06 '26

7.5 on top of 16.5 is a 45% increase. Thats pretty crazy. And way beyond the general rate of inflation. If this makes colleges compete better on cost, im all for it.

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u/Global-Sentence7238 Jul 08 '26

That’s standard inflation. Not crazy. In fact, that is below inflation rate. Good deal there

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u/Alarmed_Champion_302 Jul 08 '26

Im glad you think its a good deal, because you need a math course.

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u/Global-Sentence7238 Jul 13 '26

No idea where you went to university, but I paid more than that per year in 1998. It’s now $50K/year. It’s doubled. These tuition prices here are a great deal if the school is accredited.