As any taxpayer or college student will tell you, education is expensive.
Tuition and other costs have skyrocketed, growing 65 percent in the last five years in Georgia, according to a recent Washington Post article.
Forbes reports the average college graduate is $26,000 in debt when donning cap and gown. Ten percent of graduates rack up more than $40,000 in loans.
Some students are going to extreme measures to ameliorate ( <— fancy college word–<< ) student loan debt.
A University of Michigan grad who has more than $30,000 in college loans is selling advertising space on his mortar board.
As I’ve reported before, some cash-strapped students looking for a free ride are willing to sell more.
Each year, SeekingArrangement.com, which allegedly helps “college students connect with wealthy benefactors,” reports where its new members say they go to school.
In 2013, 269 people attending Georgia State signed up for a “mutually beneficial relationship,” says the website. That’s good enough for 4th place on the “Sugar Daddy” list.
Last year, GSU, whose logo is used by SeekingArrangement, was No. 1, according to my esteemed colleague.
UGA is ranked 11th (with 185 new members), down from 8th in 2012.
Like with unemployment rates, declining numbers are a good thing.
The University of Central Florida is No. 1 this year, with 474 new members.
Looking at those raw numbers, you’d think the website is small, but SeekingArrangement says more than a million people registered last year. They also allege the average “college sugar baby” is paid $3,000 a month. With that kind of money students can afford to attend the finest universities or breast augmentation facilities in America.
As the website says, “any ambitious student can graudate [sic] debt free with the help of our generous Sugar Daddies.”
They may want to get a high school graduate to spell-check their website.
The Top 20 Fastest Growing Sugar Baby Schools Based on Number of New Sign-Ups: