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  • Written by Alexis Germany

The average cost of university rose to $24,000 this year. While some Aussie students opt for loan repayment options sponsored by the government, nearly 100,000 are seeking out an alternative, joining some 2.5 million students globally in utilizing the world’s largest Sugar Daddy dating site, SeekingArrangement.com, as an alternative method of financial aid.

The world’s largest Sugar Daddy dating site
The world’s largest Sugar Daddy dating site

Sydney - January 30, 2017

 

The number of young adults seeking a higher education has increased exponentially in recent years. While attaining a degree may increase future earning potential, the associated costs can cause financial strain that continues well past graduation. Nearly 2.5 million students are now turning to Sugar Daddies to ease that burden.

 

The world’s largest Sugar Daddy dating site, SeekingArrangement.com, releases its annual ranking of the Fastest Growing Sugar Baby Schools, today.

 

 

 

University

New Sign-up Growth 2016

Student Total 2017

1

Royal Melbourne Institute of Technology

92

277

2

Monash University

87

233

3

Griffith University

85

292

4

University of Melbourne

84

151

5

Deakin University

77

231

6

Macquarie University

75

200

7

University of Queensland

72

284

8

University of Sydney

69

325

9

University of Newcastle

59

282

10

Queensland University of Technology

57

191

11

Australian Catholic University

56

114

12

University of New South Wales

53

246

13

University of South Australia

52

142

14

Curtin University

49

131

15

University of Wollongong

46

168

16

University of Technology Sydney

43

122

17

La Trobe University

41

154

18

Edith Cowan University

40

130

19

Victoria University

39

177

20

University of Adelaide

38

93

 

Australia’s Higher Education Loan Program eliminates up-front financial barriers to tertiary education by providing students with income contingent loans. While these loans can help cover tuition and registration fees, it does nothing to alleviate living expenses.

 

With a studio apartment costing as much as $2,200 in a metro area, many students are hesitant to consider venturing away from home to pursue an education.

 

“Australia’s Educational Loan Program is a great resource for students, but it places limits on where they can study because it doesn’t cover the additional living expenses,” says Brandon Wade, Founder and CEO of SeekingArrangement.com. “Students need ways to keep a roof over their head and food on the table while in school. It’s stressful and sours the college experience.”

 

Sugar Baby students receive an average of $2,700 in monthly allowances, earning $1,400 more per month than a student working part time at the national minimum wage, without having to dedicate precious study hours to a job.

 

“Some see this as a controversial solution. However, SeekingArrangement.com has helped facilitate hundreds of thousands, if not millions, of arrangements that have helped students graduate debt-free,” says Wade. “That’s more than anyone can say of a particular president or government party.”

 

Thirty-five percent of SeekingArrangement’s collegiate population from upper-middle and high-income families, no change from last year. However, the ratio of undergraduates to graduate students is up at 82 percent to 18 percent, respectively.

 

The site offers free premium memberships to students that register with their school assigned.edu email address or show proof of enrollment. Each student must re-verify this information each year.

 

About SeekingArrangement

SeekingArrangement.com is the world’s largest dating website that facilitates mutually beneficial relationships otherwise known as “arrangements.” Founded in 2006, the website has nearly 7 million members worldwide.

SeekingArrangement.com was founded by MIT graduate and relationship influencer, Brandon Wade.

 

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