Sugar Babies, Sugar Daddies, and Sugar Coating Student Debt
I’m sure that many of you have heard by now about the new site called Seeking Arrangement; if not, let me brief you: it is a site that puts Sugar Daddies in touch with Sugar Babies. Not really anything new, but there is one big thing that makes this site different from many others.
The majority of Sugar Babies that have signed up on the site are college students. Not only are these girls students, but they’re from some of the top colleges in America, like UCLA, NYU, Harvard, and Tulane.
What would make these well-educated, intelligent and beautiful women feel the need the sign on with a company like Seeking Arrangement? Well, it appears as though the amount of debt they have acquired is so overwhelming that they felt they had no other choice but to enter into a Sugar Daddy-Sugar Baby relationship. The Sugar Daddies are usually older and more established men who have a certain level of income that allows for them to live a comfortable lifestyle. Once they meet the Sugar Babies, they may take them to dinner, the movies, or other events, and will pay them at the end of the date. Some women would receive $300-$400 for an afternoon, and others would receive up to $5000 as a monthly allowance from Sugar Daddies with whom they have a more established relationship. Although Seeking Arrangement does not explicitly say that sex must be involved, many of the women have admitted that it is expected, and they tend to comply with the expectations.
All of this just to pay off their student debt/loans.
I understand wanting to receive a stellar education from a top college, but is it really worth the cost? Several of the women interview stated that what drove them to enter into a professional relationship with a Sugar Daddy was indeed their college debt and I can’t help but wonder if they would have been on the same path if they had decided to go to a less expensive or less well-known college than the ones that they attended. I suppose I see that they did have other options, so why suffer with such a heavy debt-load to the point that they may (or may not) have had to break some of their own moral codes in order to pay off the debt?
I believe that many of these young girls may not have had all of the information pertaining to their student loans before they took them on, and so, wound up in the position where they may have been desperate to pay it off by any means necessary. Here in Ontario, many students take on several thousands of dollars of debt through the Ontario Student Assistance Program (OSAP) and don’t really have all of the information needed either, and may wind up in the same boat.
You should be aware of the debt that may accumulate over the years while you complete your diploma/degree; it can be frightening. It’s important to take into account how much has been loaned to you over the years, and what the interest rate will be; it is usually prime+2.5% from the Federal side of the loan and Prime + 1.0% from the Provincial side (of which both sides must be paid back before your debt is eliminated).
With the skyrocketing cost of tuition, the average cost to study at a public institution is just over $6000 per year, and that excludes books, transportation, and living costs, which will easily total up to over $13,000 per academic year. There are several other options that perhaps you may not have thought of, such as private colleges, where the total tuition is much lower (total of $15,000 or less to complete your education versus the $52,000 at a public institution). Once you add the interest rate for student loans, an education may cost as much as $89,000 at a public institution!
With the economy going the way that it is and with soaring tuition rates, please look into all of your options before deciding which school to attend. Since so many of the Sugar Babies from Seeking Arrangement have cited student debt as their main reason for joining the site, I can’t help but encourage you to seek other more viable and economic options for your education.
After all, a Sugar Daddy is not your only option.
Filed under: College, Education | 12 Comments
Tags: Education, Huffington Post, OSAP, school, Seeking Arrangement, Student, student debt, Sugar Baby, Sugar Daddy