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Number of Student Sugar Babies in Australia Grows by 52,000 in 2018

March 13, 2019 Lifestyle No Comments Email Email

Young, educated and broke. That’s the reality for many graduates who are fresh out of university. Although tuition is not paid up front, it is required to be paid after graduation, and an increasing number of students are counting on wealthy benefactors to help fund their education.

SeekingArrangement is releasing its annual findings on the “Fastest Growing Sugar Baby Schools.” Over 177,000 of the 20 million members on the world’s largest Sugar Daddy dating site are Australian college students.

Australia’s higher education loan program eliminates financial barriers at the time of entry by providing students with contingent loans. While these loans help cover tuition and registration, they

do nothing to alleviate living expenses. A studio apartment can cost as much as $2,300 in a metropolitan area, and Sydney has the second-most expensive rents in the world. Thus, many students are hesitant to venture into metropolitan areas to pursue an education.

Sugar Baby students in Australia receive an average monthly allowance of $3,000, which is double the potential amount earned working a part-time job at the national minimum wage.

“Students who want to explore bigger cities and the better educations offered in them can’t, even with the educational loan program offered in Australia,” says CEO and founder of SeekingArrangement Brandon Wade. “It’s a great program, but it does nothing to offset costs while in school.”

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