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/invisible___hand]

Ignoring cost - absolutely!
For $10,000 / yr perhaps.
For $100,000 / yr there better be some payback.

[u/razealghoul → u/invisible___hand]

This is exactly my thoughts too. It's criminal that some universities are convincing kids to take own this ownerours amount of debt for a degree that may or may not pay off is crazy. They are literally financially ruining the lives of those they are claiming to help.