CHAPEL HILL, N.C. (WNCN) – As of 2018, student debt in America totaled over $1.5 trillion. Students are finding ways to pay off their loans or avoid them altogether.
Some young women are bringing in extra income as “sugar babies” to try to offset the money they’re taking out in loans.
Dating service SeekingArrangement ranked its fastest-growing universities for “sugar babies.” Georgia State University topped the list with 306 new students signing up to bring its total to 1,304. New York University’s 1,676 “sugar babies” topped the list for highest total.
The University of North Carolina-Chapel Hill had 147 new students sign up to be “sugar babies” to bring its total to 514, the report said.
SeekingArrangement said there are nearly 2 million “sugar daddies” for over 8,300,000 female “sugar babies.” There are also more than 350,000 “sugar mommies” for almost 3,100,000 male “sugar babies.”
Besides the financial benefits, SeekingArrangement also touted mentorship and networking opportunities it said are associated with college students having a sugar daddy or sugar mommy.