As you likely already know, the U.S. Department of Education has proposed a definition of "professional degree" that does not include accounting. The potential change will impact our profession as well as others including nursing and architecture. It will impact the level of financial supports students receive. This will only add to the shortage of candidates in the accounting field.
The AICPA, with the support of VT CPA and other state societies, has issued a statement about the impact of this decision and urging the DOE to recognize accounting. NASBA has also issued a response strongly opposing the DOE's implementation of the new student load policies.
Stay tuned to VT CPA for information and updates.