Site matches single co-eds with benefactors
BOSTON (WHDH) -- Some local students think they've found a sweet solution to pay for college -- in the form of “sugar daddies.”
A new website aims to match "sugar daddies" with "sugar babies".
While some think it's a great idea to cut down on debt, others aren't so sure.
Students in Boston find themselves under the same crushing college debt load as kids all over the country. Some of them will look for jobs, or second jobs. Others are turning to a website where they can find benefactors advertised as boyfriends.
Answer a couple of questions, post your picture, and you could be just a couple of clicks away from finding a match made of cash.
The dating site “seekingarrangements.com” says its gaining popularity, especially with coeds struggling to pay for school.
“A lot of these girls grew up thinking college is going to be paid for and then when the recession happened they had to use their savings to stay afloat and now there's no college money for those girls,” said Jennifer Gwynn, “seekingarrangement.com”
“Seeking arrangements” lets singles find what they call a “sugar daddy” or “sugar momma.” The company says the average college aged sugar baby gets an allowance of about $3,000 per month -- that's for what it describes as a “mutually beneficial relationship.”
“We really believe this is a better way to pay for school,” said Gwynn.
“Seeking arrangements” claims to have 2 million users, it says 44 percent of them are college students, including some at BU and UMass.
“Given the expense of your colleges it doesn't surprise me that people are forced to end up doing things like this,” said one man.
“Sugar babies” can earn as much as $20,000 per month;more than enough to pay for books, loans, or even tuition.
But to most students, whatever the payout, it isn't worth the price.
“It sounds dangerous. I wouldn't do that. Wouldn't recommend it,” said one woman.
BU and UMass representatives told 7News they were not aware of any of their students participating with the site.