NEARLY three-quarters of the graduates now leaving America’s colleges are saddled with debt. On average, they owe $35,051. By comparison, roughly half of all graduates carried debt in 1995 and it averaged less than a third as much, says Edvisors, which tracks student aid (see chart). As the cost of university has risen, so has the number of “sugar babies” who pay for it by selling companionship and sex to wealthy older men. Monthly pay for this is typically about $3,000, though some “sugar daddies” offer much more. According to SeekingArrangement, a firm based in Las Vegas, two-thirds of sugar-baby graduates have no student debt.
United States | Paying for college
A teaspoon of sugar
A very old solution to a new problem
|SANTA BARBARA
This article appeared in the United States section of the print edition under the headline "A teaspoon of sugar"
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