Payday loans

College Students Using ‘Sugar Daddies’ To Pay Off Loan Debt (VIDEO)

08/01/2011 10:24 am 0 comments

Source: Amanda F. Fairbanks / The Huffington Post

Saddled with piles of student debt and a job-scarce, lackluster economy, current college students and recent graduates are selling themselves to pursue a diploma or pay down their loans. An increasing number, according to the the owners of websites that broker such hook-ups, have taken to the web in search of online suitors or wealthy benefactors who, in exchange for sex, companionship, or both, might help with the bills.

The past few years have taken an especially brutal toll on the plans and expectations of 20-somethings. As unemployment rates tick steadily higher, starting salaries have plummeted. Meanwhile, according to Jeffrey Jensen Arnett, a professor of psychology at Clark University, about 85 percent of the class of 2011 will likely move back in with their parents during some period of their post-college years, compared with 40 percent a decade ago.

Besides moving back home, many 20-somethings are beginning their adult lives shouldering substantial amounts of student loan debt. According to Mark Kantrowitz, who publishes the financial aid websites Fastweb.com and Finaid.org, while the average 2011 graduate finished school with about $27,200 in debt, many are straining to pay off significantly greater loans.

Enter the sugar daddy, sugar baby phenomenon. This particular dynamic preceded the economic meltdown, of course. Rich guys well past their prime have been plunking down money for thousands of years in search of a tryst or something more with women half their age — and women, willingly or not, have made themselves available. With the whole process going digital, women passing through a system of higher education that fosters indebtedness are using the anonymity of the web to sell their wares and pay down their college loans.

To read this article in its entirety visit The Huffington Post.

Related Posts Plugin for WordPress, Blogger... Sphere: Related Content

Related Posts
7-Year-Old Girl Gets Alcohol Poisoning From Drinking Hand Sanitizer (VIDEO)
Virginia Girl Gets Alcohol Poisoning After Ingesting Hand Sanitizer at School: MyFoxDC.com Source: The Huffington Post An angry father wonders why his ...
READ MORE
Mom Fired After Taking Off To Donate Kidney To Son (VIDEO)
Mom Loses Job After Kidney Donation: MyFoxPHILLY.com Source: The Huffington Post After using up her vacation days to take care of her ...
READ MORE
Dick Cheney: Hillary Clinton Should Run For President In 2012
video platformvideo managementvideo solutionsvideo player Source: The Huffington Post Dick Cheney would like to see Hillary Clinton run for president against Barack ...
READ MORE
Fox News’ Gretchen Carlson, Debbie Wasserman Schultz Argue About Jimmy Hoffa (VIDEO)
Watch the latest video at video.foxnews.com Source: The Huffington Post "Fox and Friends" anchor Gretchen Carlson and Democratic National Committee Debbie Wasserman ...
READ MORE
Waters: Some Black Lawmakers Are Hesitant To Criticize Obama (VIDEO)
Source: CNN Rep. Maxine Waters, D-California, questioned why President Barack Obama has not visited any black communities during his recent Midwestern ...
READ MORE
Allen West: I Am The Modern-Day Harriet Tubman (VIDEO)
Source: The Huffington Post Washington - Freshman Rep. Allen West (R-Fla.) said Wednesday that he is "the modern-day Harriet Tubman" leading ...
READ MORE
Charinez Jefferson, Pregnant Chicago Teen, Fatally Shot, But Baby Saved
Source: AP / The Huffington Post A baby boy is "fighting for his life" early Wednesday after his 17-year-old mother was ...
READ MORE
Fox And Friends Throw Hissy Fit Over President Obama’s Canadian-Built Bus (VIDEO)
The crew at Fox and Friends are not happy about President Obama's custom built bus, citing it was made in ...
READ MORE
WATCH: Dave Chappelle Does First Interview In Five Years
Source: The Huffington Post Dave Chappelle dropped in on San Francisco's Wild 94.9 station to chat with morning DJ JV recently, ...
READ MORE
Jon Stewart Rips Standard & Poor’s U.S. Credit Rating Downgrade: ‘A Slap In The Face’ (VIDEO)
Source: The Huffington Post After a long stand off between President Obama and Congress over the debt ceiling, even reaching a ...
READ MORE
7-Year-Old Girl Gets Alcohol Poisoning From Drinking Hand
Mom Fired After Taking Off To Donate Kidney
Dick Cheney: Hillary Clinton Should Run For President
Fox News’ Gretchen Carlson, Debbie Wasserman Schultz Argue
Waters: Some Black Lawmakers Are Hesitant To Criticize
Allen West: I Am The Modern-Day Harriet Tubman
Charinez Jefferson, Pregnant Chicago Teen, Fatally Shot, But
Fox And Friends Throw Hissy Fit Over President
WATCH: Dave Chappelle Does First Interview In Five
Jon Stewart Rips Standard & Poor’s U.S. Credit

More from the Roland S. Martin Blog

  • Politics Washington Watch Rep. Clyburn Pushes The Clyburn Amendment To Help The Poorest Of The Poor (VIDEO)

    Rep. Clyburn Pushes The Clyburn Amendment To Help The Poorest Of The Poor (VIDEO)

    Rep. James Clyburn joined Roland Martin on the set of Washington Watch to discuss the Clyburn Amendment. This amendment was created to help the poorest of the poor across the United States. MR. MARTIN:  Is there anything specific the President and Congress can do to target African-Americans when it comes to this high unemployment number? REP. CLYBURN:  Yes, there is, and we – you’ll find it in the rule development part of the so-called “stimulus bill.”  I- — was – [...]

    Read more →
  • News

    WASHINGTON WATCH: Rep. James Clyburn On Feb. Job Numbers, African-American Unemployment, Bipartisan Jobs Bill (VIDEO)

    New employment numbers came out Friday showing the economy continues to recover and continues to add jobs at a pretty healthy pace. There were 233,000 private-sector jobs created in February. That’s two, solid years of private-sector job growth. The unemployment rate was steady at 8.3 percent. Black unemployment was 14.1 percent, up half a percentage point from last month. Big job gains came in healthcare, business and professional services, as well as restaurants. The jobs problem and the upcoming election [...]

    Read more →
  • Commentary Sports ROLAND S. MARTIN: Props To NCAA For Banning Connecticut From March Madness

    ROLAND S. MARTIN: Props To NCAA For Banning Connecticut From March Madness

      By Roland S. Martin Editor-in-Chief RolandMartinReports.com March Madness is usually a wild and crazy time on the campuses of the nation’s big-time college basketball programs as fans wait in line for days for tickets to see their favorite collegiate do battle in the NCAA postseason tournament. But if you’re a Connecticut Huskie fan, you’d better hope your team can have a magical run in the Big East tourney and qualify for an automatic bid because when it’s time for [...]

    Read more →
  • Media Politics Roland Martin On CNN Video Getting To The Polls: Is There An Enthusiasm Gap Amongst Republican And Democratic Voters?

    Getting To The Polls: Is There An Enthusiasm Gap Amongst Republican And Democratic Voters?

    Donna Brazile, Roland Martin, Ari Fleischer, Erick Erickson, Jessica Yellen and Anderson Cooper analyze voter turn out and if there is an enthusiasm gap amongst the GOP and Democrats. Sphere: Related Content

    Read more →
  • Media Politics Roland Martin On CNN Video Gingrich Has Problems With Women Voters, They Don’t Trust Him (VIDEO)

    Gingrich Has Problems With Women Voters, They Don’t Trust Him (VIDEO)

    Roland Martin, Erick Erickson, Donna Brazile, Ari Fleischer and Anderson Cooper discuss Mitt Romney, Newt Gingrich, their wives and Gingrich’s problems with women voters.

    Read more →
  • Commentary Sports ROLAND S. MARTIN: Football Power In Texas Has Shifted To Houston

    ROLAND S. MARTIN: Football Power In Texas Has Shifted To Houston

    By Roland S. Martin Editor-in-Chief RolandMartinReports.com I hate the Dallas Cowboys. No, I don’t dislike them. I flat out cannot stand anything about the Dallas Cowboys. The year they went 1-15, I was ticked they won that one game. When they played in those three Super Bowls in the ’90s, I rooted hard for the opposition. Hell, I hate them more than the Ku Klux Klan! That’s why I take great pleasure in seeing the transfer of power in the [...]

    Read more →
  • Politics Herman Cain Tops Mitt Romney In Latest CBS/NYT Poll

    Herman Cain Tops Mitt Romney In Latest CBS/NYT Poll

    Source: Corbett B. Daly / CBS News CBS News Poll analysis by the CBS News Polling Unit: Sarah Dutton, Jennifer De Pinto, Fred Backus and Anthony Salvanto. Businessman Herman Cain is now atop the field of Republican White House hopefuls, squeaking past former Massachusetts Gov. Mitt Romney in the latest CBS News/New York Times poll. Cain garnered 25 percent support of Republican primary voters in the poll released on Tuesday, compared to Romney’s 21 percent. To read this article in its entirety [...]

    Read more →
  • Politics Rick Perry: Obama Birth Certificate ‘A Good Issue To Keep Alive’

    Rick Perry: Obama Birth Certificate ‘A Good Issue To Keep Alive’

    Source: Luke Johnson / The Huffington Post Texas Gov. Rick Perry said the birther issue was worth “keeping alive” in a CNBC interview Tuesday morning. “It’s a good issue to keep alive. It’s fun to poke at him,” said Perry, according to host John Harwood. Perry also spoke evasively about President Barack Obama’s birth certificate in an interview with Parademagazine published over the weekend. When asked if he believed the president was born in the United States, he said, “I have no reason to think [...]

    Read more →
  • Video What Did You Think Of The GOP Debate? (VIDEO)

    What Did You Think Of The GOP Debate? (VIDEO)

    CNN’s T.J. Holmes caught up with some folks just after the Las Vegas GOP debate ended. WATCH: Sphere: Related Content

    Read more →
  • Video Poverty Rises For Blacks In Omaha (VIDEO)

    Poverty Rises For Blacks In Omaha (VIDEO)

    CNN’s Thelma Gutierrez reports on the disproportionate rate of poverty among African-Americans in Omaha, Nebraska. WATCH: Sphere: Related Content

    Read more →