With the rising costs of post-secondary education, there are more students finding alternative ways to pay for tuition.
According to SeekingArrangement, these university students are using the “world’s largest Sugar Daddy dating site,” as a way to fund their education.
“With total student debt in Canada nearing $30 billion and the average student walking away with over $25,000 worth of debt after university, Canadian students have embraced a unique way to fund their tuition fees — Sugar Dating,” states a release.
Two institutions in British Columbia made the list this year: the University of British Columbia (UBC) at 17th and Simon Fraser University (SFU) at 19th. SeekingArrangment says that UBC currently has 71 student members while SFU has 63.
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On average, students receive a monthly allowance of $2,400 among other benefits, including networking opportunities and career or business advantages, states SeekingArrangement.
“According to a recent Statistics Canada report, one in two Canadian students graduates with student debt. It makes sense that the number of college Sugar Babies seeking Sugar Daddies on SeekingArrangement rose nearly 3% from the previous year,” reads their website.
SeekingArrangement releases its annual ranking of the Fastest Growing Sugar Babies Schools, and these are the universities in Canada where the highest number of students registered for the website during 2020.