Tax preparers told Education Secretary Linda McMahon this week that proposed changes to federal student loan rules could exacerbate a talent shortage in the sector.
A proposal to advance new student loan caps enacted as part of a sweeping tax and spending measure this year would set a higher limit for students in certain medical and legal fields. Students in other fields would face $100,000 borrowing limits for the cost of their graduate or doctoral degrees, according to the Education Department.
The proposed change “threatens the stability of the tax preparation workforce. The profession is already facing ...