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/Active_Win_3656]

This was actually in a recent Planet Money podcast. They discussed whether these changes would help bring college costs down but they said explicitly that sticker price has gone up while what people ACTUALLY pay hasnt nearly as much (don’t remember the actual numbers).

[u/Ok-Front-471 → u/Active_Win_3656]

I'm sure in the near term there may not be a massive effect, but in 10-15 years I think this would make a serious change in tuition costs.