"Loan Hopes Dashed for Accounting Students: Federal Department Slams Door on $200,000 Funding. In a blow to aspiring accountants, the US Department of Education has finalized its regulations on loan eligibility for professional degree programs, effectively disqualifying accounting from the list of approved fields. The decision means that students pursuing a career in accounting will no longer be eligible for up to $200,000 in federal loans, a significant source of financial support for many graduate students. The move is expected to have far-reaching implications for the accounting profession, potentially limiting the number of students who can pursue advanced degrees in the field."
The department's final regulations on which types of professional degree programs can receive loans of up to $200,000 ruled out the accounting profession.
