Can Bitcoin Be Used to Pay for a College Education?

College tuition fees area unit dear. It prices most students tens of thousands of greenbacks to realize a degree education, that for several families is solely unaffordable. However, with digital currencies changing into progressively widespread, you would possibly be questioning whether or not you'll use your store of bitcoin to pay your school fees.

At the instant, Bitcoin isn't wide accepted within the thought world, therefore if you would like to check for a masters publicly health at the University of Arizona, you would like some greenbacks in your checking account. However, there area unit some enlightened academic institutions WHO have united to simply accept bitcoin as payment for tuition fees – with one necessary provision.

University of Nicosia

The first university to require the plunge was the University of Nicosia, that could be a personal academic institution in Cyprus. The university created the announcement back in 2013, once it had been seeking promotional material for its new Master of Science degree in Digital Currency. Since the course syllabus coated Bitcoin and the way such systems area unit doubtless to evolve and alter society within the future, it clearly gave the look of smart PR to announce prospective students were liberal to pay money for the course in Bitcoin. Their PR stunt worked stunningly well and therefore the world’s media was flooded with stories concerning the new course.

Since then, alternative academic institutions have jumped on the bandwagon and proclaimed that they too also are providing students the chance to pay money for their courses with Bitcoin.

University of Cumbria

In 2014, the University of Cumbria within the Britain aforementioned they were willing to simply accept Bitcoin payments from students enrolling on 2 courses coupled to the study of complementary currencies and cryptocurrencies. One course junction rectifier to a certificate in property exchange. the opposite gave students a post-grad certificate in property leadership. This meant the university was the primary public university to let students use Bitcoin to pay money for their tuition fees.

The university planned to convert Bitcoin payments to pounds sterling at the purpose a student used them to pay money for the course. By doing therefore, the university then reduced its risk exposure to any unwelcome value fluctuations.

King’s school in NYC

Shortly once, the University of Cumbria determined to simply accept Bitcoin payment for 2 of their courses, the King’s school in ny town determined to try and do constant. King’s school could be a study school within the personal sector. the school was based in 1938, therefore it's an extended and illustrious history. this is often a vital tread on the road towards creating Bitcoin a thought currency.

They aforementioned at the time that the choice to accent Bitcoin was in line with their core values, that area unit heavily influenced by the Bill of Rights and therefore the Constitution. They believe that Bitcoin represents the authorisation of people, therefore permitting students to utilize less thought styles of payment would possibly go a way to addressing the debt issues faced  by students coming into educational activity.

Whether you're trying to check for a masters of public health on-line or a degree in cryptocurrencies, make sure to envision whether or not you'll pay your course fees in Bitcoin.

source : http://bitcoinist.net