Tuition paid, textbooks bought… time to shop for bitcoin?
More than twenty p.c of faculty, students uses their assistance cash to take a position in cryptocurrencies, in step with new findings by the coed Loan Report, a web site for student loan info.
The site polled one, 000 current school students with loan debt this month. The survey didn't raise what proportion students were investment and lots of might be shopping for solely smaller amounts.
"I was undoubtedly shocked," aforementioned actor Cloud, the coed Loan Report's founder.
"Living on a decent budget, one would assume students would pay that money on groceries, rent or college provides instead of bitcoin and ice-cream."
Undergraduate students received on the average around $4,600 in federal loans within the 2016-2017 school year, in step with the school Board.
A student United Nations agency spends their student loans on cryptocurrencies is violating their agreement with the govt, aforementioned Elyssa Kirkham, of Student Loan Hero, a web site for managing student loans.
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