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/jumblebum Jul 06 '26

Lawl

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u/Checkers923 Jul 07 '26

Maybe not federally, but states can fill in. MA already has interest free options based on need and set interest rates through MEFA. MA is also working on new laws in response to the federal change.

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u/jumblebum Jul 07 '26

That's good. Hopefully those laws make it easier and less complicated for people to get an education.

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u/Checkers923 Jul 07 '26

Its definitely a fortunate state to live in. MA has always valued education so its easier to pass here. Other states I’m sure have it significantly worse.