According to a sugar daddy website, SugarDaddySeek, the college tuition inflation rate in the United States is higher than any other industry in the nation, at eight percent. This increase would have been generated gradually since the year 2000 for both public and private institutions, but now it would be affected a little more due to the COVID-19 pandemic, which would cause greater indebtedness among students.
SugarDaddySeek is an internet dating site known as “Sugar Dating”, which has about 4 million members around the world. Users of this digital tool generally seek mutually beneficial relationships and would have the belief that happiness is more important than traditional milestones.
A recent survey by this site found that more than half of its student sugar babies would have shared that they pay more than the countrywide average for tuition each year and owe additional than $20,000 in student loans. Additionally, 40 percent of all defendants say they receive at slightest $500 a month from their “Sugar Daddy,” money that would be allocated specifically for their instruction.
This survey was carried out among 10,000 members of SugarDaddySeek.
Through a statement, SugarDaddySeek reported that only about a third of all university students will return to face-to-face classes for this 2020-2021 school year; however, only 21 percent of students reported that their college offers tuition discounts. Additionally, due to the pandemic, the unemployment rate (nationally) for young adults ages 20 to 24 is 18.3 percent, an increase of 11.6 percent compared to this time last year.
The release also states that the average tuition rate for state public costs is just over $10,000, while private college costs more than $36,000. Obviously, this website defends relationships with the so-called “Sugar Daddy”, something that is not so common nowadays, but little by little it could be seen as something more normal.
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