Eugene, Ore.– Student debt is an issue that can no longer be ignored, especially in regards to those of the women victims. Not only are women emerging from college with more student debt than their male counterparts, they also have a harder time paying off that debt when only making $0.86 to every man’s dollar.
The American Association of University Women released a statistic, saying “20% of women compared with 15% of men pay more than 15% of their take-home salaries to pay off educational debt.” Due to this epidemic, it is no surprise that students, the majority being women, are looking for alternative ways to pay off their dues.
The University of Oregon ranked number 75 on SeekingArrangement.com’s annual list of the “Fastest Growing Sugar Baby Schools of 2012.” What is a ‘Sugar Baby’ you ask? Sugar baby’s are students who trade companionship with a ‘Sugar Mommy’ or ‘Sugar Daddy’ for cash to pay off their living expenses and tuition.
It has been reported that hundreds of students from the University of Oregon have already became members on SeekingArrangement.com. Many of these individuals have worked out companionship agreements where the average ‘Sugar Baby’ receives $3,000 a month. According to the website, the University of Oregon experienced a 48% growth in sign ups of new members in hopes of trying to combat the struggle of being buried alive in student debt.
Watch the video hereĀ Student Debt VOSOT.