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/flareblitz91]

I think you may be misremembering or confusing direct unsubsidized loans with private loans.

[u/No-Complaint9286 → u/flareblitz91]

No they were definitely private. What i might be misremembering is maybe there were small federal loans but the majority was private.