Taxes October 5, 2026
Federal Education Tax Credit Rules Are Finally Here. What We Know So Far
Ahead of the January launch, the Treasury Department unveiled regulations governing a massive infusion of education funding nationwide.
Accounting May 20, 2026
26 States Sue Trump Administration Over Professional Degree Loan Caps
A coalition of attorneys general filed a lawsuit against the U.S. Department of Education over a rule that narrows the definition of a "professional degree"—a change the group argues would cut off student loan access for thousands of students.
Accounting May 6, 2026
Accounting Not Among Degrees Deemed ‘Professional’ in U.S. Education Department’s Final Rule
The final rule defines “professional students” as individuals enrolled in one of 11 designated professional degree programs under the One Big Beautiful Bill Act student loan classification system. Accounting isn't one of them.
Payroll January 19, 2026
Federal Government Backs Down on Student Loan Wage Garnishment, For Now
In a press release Friday afternoon, the Department of Education announced it will delay involuntary collections on defaulted federal student loans.
Accounting November 26, 2025
AAA Calls on U.S. Education Department to Recognize Accounting as a Professional Degree
The American Accounting Association has joined the AICPA, NASBA, and state CPA societies in urging the U.S. Department of Education to formally recognize accounting as a professional degree program under the One Big Beautiful Bill Act student loan classification system.
Payroll June 3, 2025
Trump Administration Backs Off on Garnishing Social Security Payments for Student Loan Debt
The Education Department has paused a plan to garnish Social Security payments for beneficiaries who are in default on their student loans, just as the first round of June payments were to hit bank accounts.