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How many college students invest in cryptocurrencies?

More than 20 percent of college students use their financial aid money to invest in cryptocurrencies, according to new findings by The Student Loan Report, a website for student loan information. The site polled 1,000 current college students with loan debt this month.

Are cryptocurrencies violating student loans?

A student who spends their student loans on cryptocurrencies is violating their agreement with the government, said Elyssa Kirkham, of Student Loan Hero, a website for managing student loans.

What is an unsubsidized student loan?

These loans are available to any qualifying undergraduate or graduate student, regardless of their financial needs. Unlike subsidized loans, unsubsidized loans accrue interest charges from the date of disbursement. You could borrow up to $31,000 as a dependent undergraduate student and up to $138,500 as a graduate student.

What is the Massachusetts Institute of Technology's bitcoin club?

At the Massachusetts Institute of Technology, students meet weekly at the Bitcoin Club. A company called Campus Coin is working to establish cryptocurrencies as a medium of exchange at colleges across the country.

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