IslamicFinance.de

According to a study by The Student Loan Report, over one-fifth of current university students with student loan debt indicated that they used their student loan money to invest in digital currency such as bitcoin. While school administrators may look down upon the practice of using borrowed funds for non-school expenses, Student Loan Report indicates that there are currently no rules against it. College students are able to use loans for "living expenses", a flexible category that covers a wide range of potential necessities. This sort of thing does not help the image of student borrowers, although it does strengthen the case for regulating cryptocurrencies far more strictly.