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A growing number of coeds are turning to websites to track down “sugar daddies” to help pay their college loans.

As the cost of college skyrockets, and students and recent graduates get buried under “piles of student debt and a job-scarce, lackluster economy,” more and more of them are turning to “sugar daddies,” says Amanda Fairbanks at The Huffington Post. Sites like SeekingArrangement.com, SeekingTuition.com, and SugarDaddyMeet.com allow young, mostly female students go online and look for a man willing to provide financial compensation in exchange for what the women who use the sites call “companionship.”

Jennifer told NBC news, “I guess I would call myself a sugar baby. I mean, I guess a spade is a spade.”

“Sugar daddies” and “sugar mommies” pay anywhere from $50 a month to $2,400 a year — which puts you in the elite, profile-boosting Diamond Club at Seeking Arrangement — to offer their largesse to “sugar babies,” mostly under-25 women, who post their profiles for free. The sugar baby and daddy usually chat before meeting, and their “dates” can include lavish meals out or shopping sprees — and sometimes, sex. In some longer-term arrangements, the sugar baby gets a monthly stipend.

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