Question

Daniel enrolled in a private, for-profit college to learn how to be a psychologist's assistant. he borrowed $25,000 in federal student loans to earn his degree and, after graduation, found out that few psychologists employed assistants and ended up unemployed and unable to repay his student loans. What is not likely to be a possible solution to his student debt problem?

Answer 1

Ignoring the student debt and not making any efforts to repay it is not a likely solution to Daniel's student debt problem.

Step-by-step explanation:

One possible solution that is not likely to be effective in resolving Daniel's student debt problem is ignoring the debt and not making any efforts to repay it.

Ignoring the debt will not make it go away and will only lead to further financial consequences, such as damaged credit score, collection efforts, and potential legal action.

It is important for Daniel to explore other options, such as working with his loan servicer to explore repayment plans, seeking assistance from loan forgiveness programs, or looking for employment opportunities that offer repayment assistance.