By now, most Lounge readers are likely already familiar with SeekingArrangement, a website that connects sugar “babies” and “daddies.” For those that aren’t, SeekingArrangement claims 3.6 million active members, 2.6 million of them babies and 1 million daddies (and, supposedly, mommas, though other references on the site are exclusively to daddies).
According to the website, sugar daddies receive no strings attached relationships with attractive women. In exchange, sugar babies receive “shopping sprees, expensive dinners, and exotic travels,” a “mentor” who can provide “valuable guidance,” and the freedom to no longer worry about unpaid bills.
But that’s all old news.
What is new news, according to the Atlantic, is the impact that the rising cost of student debt has had at SeekingArrangement. Apparently, sugar daddies are rushing to the rescue at campuses across the country, volunteering to subsidize tuition costs:
What might have been little more than a nuisance in the past has turned into an outright hindrance to many students’ financial security: It takes about 14 years on average to pay off the debt. As a result, young women across the country are turning to sugar daddies in droves. Many of them use SeekingArrangement, which describes itself as "the world’s largest Sugar Daddy dating site." More than 1.4 million students have signed up as members, including nearly 1 million in the U.S., according to the company. The website claims that 42 percent of its members are students. . .
Georgia State, Arizona State and Kent State are all sugar baby hot spots. But it is NYU, which charges $46,170 a student for tuition and fees, that this year became the first college ever to cross the "1000 sugar babies" threshold.
(HT: Joan MacLeod Hemingway)