FAQ?

Should you use student loans to buy cryptocurrency?

Using student loans to buy cryptocurrency could be as risky as it sounds. Making money off cryptocurrencies isn’t guaranteed, but having to pay back your student loans is. If you lose money on your investment, you could end up with burdensome debt after you graduate.

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.

Do college students use financial aid money to buy bitcoin?

A member of bitcoin trading club poses with bitcoin medals at the club’s meeting in Tokyo. Tuition paid, textbooks bought…time to buy bitcoin? 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.

Should you invest in cryptocurrency with a credit card or loan?

“Investing from a credit card or a loan is a terrible idea as these assets are extremely risky and volatile,” said Christian Catalini, an assistant professor at Massachusetts Institute of Technology who researches blockchain technology and cryptocurrencies.