We couldn’t make this ish up if we wanted to…
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.
“Over the past few years, the number of college students using our site has exploded,” says Brandon Wade, the 41-year-old founder of Seeking Arrangement. Of the site’s approximately 800,000 members, Wade estimates that 35 percent are students. “College students are one of the biggest segments of our sugar babies and the numbers are growing all the time.”
If you think this is crazy, wait til you hear how some of these women have rationalized their “professions”.
Take “Jennifer” for example:
“Yeah, sure, he could have been a psycho, a killer,” says Jennifer over breakfast. At nine o’clock in the morning, she’s in a full face of makeup. On her profile she describes herself as a yoga teacher and personal trainer. “Barring rape or death, what’s the worst thing that could happen to me?”
At the end of the weekend, the man handed her 10 crisp $100 bills. They next plan to rendezvous in Orlando in August.
Jennifer doesn’t label what she’s doing as prostitution. “I’m not a whore. Whores are paid by the hour, can have a high volume of clients in a given day, and it’s based on money, not on who the individual actually is. There’s no feeling involved and the entire interaction revolves around a sexual act,” says Jennifer, who wears a $300 strapless dress purchased with money from her most recent conquest. The rest of the money, she says, went towards paying down her student loans.
“My situation is different in a number of different ways. First of all, I don’t engage with a high volume of people, instead choosing one or two men I actually like spending time with and have decided to develop a friendship with them. And while sex is involved, the focus is on providing friendship. It’s not only about getting paid.”
Scary right? They are so far gone (word to Drake) that the fear of death doesn’t even shake them from their hoe dedication. SMH