Which crypto assets are considered eligible investments for FAFSA funds?

3 answers

• Jamer AndersonDec 31, 2020 · 5 years ago
  According to the guidelines provided by FAFSA, there is no specific list of eligible cryptocurrencies for investment. However, it is important to note that FAFSA funds are typically invested in traditional assets like stocks, bonds, and mutual funds. Cryptocurrencies are still relatively new and volatile, which may make them less suitable for FAFSA funds. It is always recommended to consult with a financial advisor or the institution managing the FAFSA funds for more information.
  484

  242
• B ZMay 27, 2024 · a year ago
  Hey there! When it comes to FAFSA funds, the focus is usually on traditional investments like stocks and bonds. While cryptocurrencies like Bitcoin and Ethereum have gained popularity, they are not typically considered eligible investments for FAFSA funds. The volatility and regulatory uncertainties surrounding cryptocurrencies make them less suitable for these types of funds. It's always a good idea to check with your financial advisor or the institution managing your FAFSA funds for specific guidelines and investment options.
  533

  178
• Aurora D.JAug 07, 2024 · a year ago
  As an expert from BYDFi, I can tell you that FAFSA funds are primarily invested in traditional assets. While cryptocurrencies have gained attention in recent years, they are not yet widely recognized as eligible investments for FAFSA funds. The volatile nature of cryptocurrencies and the lack of regulatory oversight make them less suitable for these funds. However, it's always a good idea to stay updated on any changes in regulations and guidelines that may impact the eligibility of cryptocurrencies as investments for FAFSA funds.
  536

  134