Margaret was convinced to enroll in a private, for-profit college to learn how to be a psychologist's assistant. She borrowed $25,000 in federal student loans to earn her degree and, after graduation, found out that few psychologists employed assistants and ended up unemployed and unable to repay her student loans. Which of the following is NOT likely to be a possible solution to her student debt problem

Question

Business

Fiona Cline

4 June, 12:23

Margaret was convinced to enroll in a private, for-profit college to learn how to be a psychologist's assistant. She borrowed $25,000 in federal student loans to earn her degree and, after graduation, found out that few psychologists employed assistants and ended up unemployed and unable to repay her student loans. Which of the following is NOT likely to be a possible solution to her student debt problem

+3

Answers (1)

Know the Answer?

Foley · Answer 1

declaring personal bankruptcy, which discharges all of her debt.

Explanation:

Based on the information provided within the question it can be said that one option that is NOT a solution would be declaring personal bankruptcy, which discharges all of her debt. This is because personal bankruptcy does not eliminate student debt. There are very few scenarios in which it does, but only if you are able to prove that the loans would cause an undue hardship to you but this is almost never the case.