Who should log the flight and claim the points for a student instructional flight? May both the student and the instructor claim the flight? If there is no specific rule for this, what are other clubs doing?

While the instructor is the PIC, do the FAR's matter in who gets to claim OLC points? Do you think it would be a better idea for the student to "get the points" to encourage and promote their interest and excitement about progressing in the sport?