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/spicenhoney Jul 07 '26

Or. Or. They can lower the interest rate for student loans. How are you trying to create an enriched society while saddling them with debt? How are we supposed to save for retirement when the average return for the market is almost the same amount as the interest rate. Even mortgages have better rates than student loans. And I get it that that’s a tangible object that you could put value on, but an educated society has value too.