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WALTHAM, Mass. (WBZ NewsRadio) — Students at Bentley University can now dip into their crypto-wallet to pay their tuition.
The school is partnering with crypto exchange business Coinbase to allow students to make tuition payments with cryptocurrency which makes them one of the first universities in the U.S. to accept cryptocurrency as a form of tuition payment. Bentley will accept Bitcoin, Ethereum, and USD Coin for tuition payments and donations through the partnership.
“Bentley University is at the forefront in preparing business leaders with the skills and knowledge to succeed in the changing world economy,” university President E. LaBrent Chrite said in a statement. “We’re proud to embrace this technology that our students are learning about, which will soon transform the global business landscape they’re about to enter.”
King's College in Pennsylvania became the first U.S. college to accept cryptocurrency payments for tuition back in 2014. Several other colleges around the globe accept cryptocurrency as a way to pay tuition, but most are outside of the U.S., according to Best Colleges.
Bentley University has been experimenting with cryptocurrency in its curriculum and plans to add a crypto finance course next fall focused on "blockchain applications and decentralized finance." Alex Kim, a student at Bentley, launched the Bentley Blockchain Association last fall, which is one of the few student-led blockchain groups in the nation and has 257 members.
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“Students have a real interest in knowing more about blockchain, decentralized finance, and cryptocurrency investments,” Kim said in a statement. “These technologies are influencing the industries where they will be working.”
Bentley's yearly tuition for students from the U.S. as of 2022 is $56,500. One Bitcoin is worth over $38,000 at the time of publication.
WBZ's Chris Fama (@CFamaWBZ) reports.
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