I recommend option 3. You have to choose between accessibility and consistency, and accessibility is most often desired in a microservice architecture.
Your 'Student' aggregate must have the 'LicenseStatus' attribute. When a student is created, his license status is set to "Unverfied" and the "StudentCreated" event is published. Then, the LicenseService should respond to this event and try to reserve a license for this student. The Reserved or Rejected event will then be posted, respectively. The student service will renew student status by subscribing to these events.
When the user interface calls your API gateway to create a student, the gateway simply calls the Student service to create and returns a 202 Accepted or 200 OK response, without waiting for the student to be properly licensed. The user interface can notify the user when a student obtains a license through asynchronous communication (for example, through a long survey or web sockets).
If the license service is not working or running slowly, this will only affect licensing. The student service will still be available and will continue to process requests successfully. After the license service is restored to serviceability, the service bus will push any pending StudentCreated events out of the queue (possible consistency).
This approach also contributes to expansion. A new microservice added in the future can subscribe to these events without the need to make any changes to student or licensed microservices (decoupling).
With option 1 or option 2, you will not get any of these advantages, and many of your microservices will stop working due to one unhealthy microservice.
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