College students are increasingly finding ‘sugar daddies’ preferable to loans

https://www.rt.com/op-ed/469443-college-sugar-babies-debt-prostitution/

by molteanu • 7 years ago

3 9 7 years ago

anovikov4• 7 years ago

I read before that student debt is not dischargeable, but can anyone explain me please, why? I mean, what makes it so different from any other kind of debt?

mdorazio• 7 years ago

The normally given reason is that the asset being paid for (education) can’t be taken back by the loan provider. If you get a mortgage and can’t repay it, the bank repossesses your house. If you get a college education and can’t pay your student loan, the bank can’t take back your degree or what you learned.

This is, of course, not any kind of valid basis for the current status quo and in a sane setup lenders would either have to be much pickier about who they lend to or require tangible collateral.

anovikov4• 7 years ago

But what if you can't repay your credit card debt for example? There's also no collateral.

cpitman• 7 years ago

Without further evidence, this article seems patently false. It essentially claims that over 1 in 10 American college students are looking for sugars daddies on a single website.

What seems far more likely is that, like every "matchmaking" website, there is a majority of accounts that are made up. They are obviously motivated to tout the number of young college kids in their marketing to attract the money, ie sugar daddies, to their website.

anovikov4• 7 years ago

Is that really the case that majority of accounts on matchmaking websites are made up? Why?

Here in Europe, definitely not the case. Sometimes there are blatant, obviously spam accounts that send links to porn and scam sites, i don't mean these. But other than that, i have yet to see an obviously fake profile being in Czech Republic or Belarus (here in Cyprus they are sort of a thing, but in a different way - people who don't really live here but looking for a man to pull them out of the sh*thole countries they live in, like Ukraine or Moldova, but they are still real people - i know coz i dated many of them). Why would that be any different in the U.S.? Are women for some reasons reluctant to join?

dkersten2• 7 years ago

I s that really the case that majority of accounts on matchmaking websites are made up? Why?

There are plenty of stories like this one: https://www.aarp.org/money/scams-fraud/info-2019/match-group...

Are women for some reasons reluctant to join?

Anecdotally, I would say yes because most women have a lot more prospects than most men do and are already receiving way more attention from men than they want, so they simply have little need for it in comparison to men. Or at least, when they do go in matchmaking sites they receive many many requests so are “taken” very quickly while most men do not get any, so women cycle through the service much faster than men do.

College students are increasingly finding ‘sugar daddies’ preferable to loans

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