Answer:
B. False dilemma.
Step-by-step explanation:
A false dilemma is a logical fallacy when only two options are presented despite the availability of several options. In other words, when an argument is presented with an "either/or" situation, presenting the person with just two choices, this is known as a false dilemma fallacy.
The statement that James can either get a scholarship or "take a student loan and be in debt for the rest of his life" is a false dilemma fallacy. This is because the speaker is talking about just two choices that James has, either get a scholarship and pay the college bills or get a loan and be in debt forever.
Thus, the correct answer is option B.