The Discharge of Certain Student Loans Is Excluded from Income

question 982

Multiple Choice

The discharge of certain student loans is excluded from income if all of the following are present except for

• A) the loan proceeds must have been used to pay the cost of attending an education institution or used to refinance outstanding student loans.
• B) the loan forgiveness is based on age.
• C) the loan forgiveness must be contingent upon the individual's working for a specified period of time in certain professions.
• D) the loan must have been made by governmental, educational, or charitable organizations.

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Definitions:

Cattell

Raymond Cattell was a psychologist known for his psychometric research into personality, including the development of the 16 Personality Factor (16PF) questionnaire.

HEXACO Model

A personality model that expands upon the traditional Big Five traits by including a sixth dimension: Honesty-Humility, alongside Emotionality, eXtraversion, Agreeableness, Conscientiousness, and Openness to experience.

Personality Factors

Fundamental traits or dimensions that constitute an individual's personality, often identified through factor analysis in personality psychology.

Needs-Hierarchy Theory

A psychological theory proposed by Abraham Maslow that categorizes human needs into five hierarchical levels, from basic physiological needs to self-actualization.