Sugar daddies are not just a candy anymore, the term can also be applied to a man who eases the financial burden for a younger woman.
SeekingArrangement.com, the world’s largest Sugar Daddy dating website, released its annual list of fastest growing ‘sugar baby schools’ on Monday.
The website claims that according to the Pew Research Center, one in five American households owe student loan debt, but female coeds in Kentucky are skipping high tuition costs by turning to the sugar baby lifestyle.
Seeking Arrangement experienced a nationwide user increase of 58 percent from college students in the past year.
According to its annual list of Fastest Growing Sugar Baby Schools, an increasing number of female students from the University of Kentucky are turning to the “sugar baby lifestyle” to help fund their education.
Since 2012, approximately 500 percent more females attending UK have signed up on SeekingArrangement.com to find a sugar daddy to pay for increased college tuition and related expenses.
“The population of college sugar babies in Kentucky has steadily increased every year, with UK leading all major universities in all of Kentucky,” said Brandon Wade, SeekingArrangement.com founder. “While some may argue that these women are just using men for their own personal gain, I believe that they are proactive in pursuing a higher education.”
SeekingArrangement.com is the world’s largest Sugar Daddy website with more than two million members worldwide. In 2011, 40 percent of the website’s total population was comprised of college students. After a 58% increase in coed signups last year, the total population increased to 44 percent. The website encourages the growth of the student population by offering college students a free premium membership upgrade if they register with a .edu email address.
“College should be an opportunity to expand the mind and experience new things,” Wade said. “Unfortunately, because of the of recent tuition hikes, the college experience has become greatly unbalanced.”
Though the average monthly cost of living expenses, tuition and book fees varies for each institution, Bloomberg Businessweek estimated the average cost of each student loan at approximately $25,250. With more students debating the true value of a college degree versus the risk of debt, female students on SeekingArrangment.com have chosen to find benefactors who can help pay for the high cost of an education.
Top 20 Fastest Growing Sugar Baby Schools, determined by number of new sign-ups in 2012:
1. Georgia State University
2. New York University
3. Temple University
4. University of Central Florida
5. University of Southern Florida
6. Arizona State University
7. Florida International University
8. University of Georgia
9. Indiana University
10. Texas State
11. Kent State University
12. Penn State
13. University of North Texas
14. Florida State University
16. Michigan State University
17. University of Ohio
18. Columbia University
19. University of Alabama
20. University of California Los Angeles