Like just about everything in 2025, the student loan environment is, well, complicated. After years of uncertainty about the fate of student loan repayments, things quickly became more certain when President Trump returned to office: Borrowers are firmly on the hook, and with fewer repayment options than before. Some of the immediate impacts of the repayments could include a drop in short-term consumer spending, including “a reduction in housing demand, in everything from vehicles to discretionary spending in restaurants,” Michael Jones, a professor at the University of Cincinnati who focuses on the economics of education and labor, told CFO Brew. “In somewhat of an ironic way,” though, these immediate pains could provide some longer-term certainty for a generation of students increasingly looking at undergraduate studies as a ROI proposition, he continued. At the most basic level, simply knowing that this administration is going to keep pressure on borrowers to get back in repayment (or knowing that repayment options are increasingly limited), may motivate students to pursue majors and early career options that more immediately have a financial “trade-off”—and that could be a welcome reprieve for the strained accounting pipeline. Will student loan changes improve the accounting pipeline?—NP |