A survey by a website finds many female students have turned to the "Sugar Baby" lifestyle to help fund their education.
A recent growth showed that 15 percent more college students are graduated in 2012 debt free by using "sugar daddies," men who help women financially while receiving some sort of "benefit" from the relationship.
The website SeekingArrangement.com has released its 2012 list of Sugar Baby Alma Maters.
"College students are attracted to this lifestyle because it's honest, open, and ultimately beneficial," says Brandon Wade, Founder and CEO of SeekingArrangement.com. "Granted, the terms of any mutually beneficial arrangement are uniquely catered. But all enable Sugar Babies to pursue their goals through the generosity of the benefactor."
Approximately 37 million Americans have outstanding student loan debt. In 2011, approximately 52 percent of college Sugar Babies graduated debt free because of their mutually beneficial arrangements, but in 2012 that number jumped by 15%.
The following are the schools with the most female college students graduating thanks to Sugar Daddies, as well as the growth from the previous year.
Top Sugar Baby Alma Maters of 2012 - % growth in students graduating using Sugar Daddies
1. New York University – 201%
2. Temple University – 207%
3. Georgia State University –-297%
4. Kent State University (Ohio) –-197%
5. Arizona State University—252%
6. University of Georgia –-163%
7. University of Houston –-188%
8. Florida State University –-240%
9. University of Wisconsin, Milwaukee—154%
10. University of South Florida—148%
11. Michigan State University –-243%
12. Alabama University—260%
13. Tulane University—252%
14. Penn State University—158%
15. Ohio University---173%
"While financial security is an important factor in any arrangement, there are other benefits that add just as much value to a Sugar Baby's life," says Wade. "Women gain mentorship and networking opportunities through their Sugar Daddies. These benefactors have established themselves in society and know what it takes to succeed."
Wikipedia defines the "sugar daddy-sugar baby" relationship as that in which an older man offers money or gifts to a younger person in return for companionship.
Copyright 2013 WNEM (Meredith Corporation). All rights reserved.
Would you ever consider seeking out a 'sugar daddy' to help pay for college?
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243% more MSU students using 'Sugar Daddy' fundsMore>>
There are nearly 37 million Americans that have student loan debt. There are a lucky few, however, that just don't go to their daddies for help. (Source: Adam63/Wikimedia Commons)
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There are nearly 37 million Americans that have student loan debt. There are a lucky few that just don't go to their daddies for help. Coeds seeking higher education also seek the help of sugar daddies and according to the website SeekingArrangements.com, 52 percent of college sugar babies graduated with the help of benefactors in 2012, an increase of 15 percent in 2011, they also graduate debt free. Is your school on the list?More >
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