Forget OSAP student grants or loans. That’s old school.
There’s a relatively new way for Toronto university students to get their post-secondary education paid for by someone other than the Bank of Mom and Dad.
Just don’t expect it to be endorsed by dear ol’ dad, even though it could ease the heavy financial burden. At least, not dad in the traditional sense.
Whatever you think of university-age students signing up to be “sugar babies” — those recipients of the goodwill of “sugar daddies” who will help pay for their education and other expenses — nearly 3,000 university students from three Toronto schools have become members of SeekingArrangement’s Sugar Baby University Canada.
According to SeekingArrangement, a website that allows students of both sexes to build “mutually beneficial relationships” with sugar daddies, the University of Toronto and York University, two of the city’s big three schools, top the Canadian list of sugar baby membership.
Seeking Arrangement released its top 20 Canadian universities, ranked by the fastest growing, and overall, more than 300,000 university students have registered as sugar babies. The number of students looking for sugar daddies or mommas rose 44% from the previous year, the website boasts.
Topping the list, the U of T boasts 1,170 sugar babies — the site doesn’t break the numbers down by sex — after adding 362 new members in 2018. York, meanwhile, has 836 sugar babies after adding 229 last year.
Ryerson ranks 14th among Canadian universities after 84 new additions in 2018 brought the total to 821 sugar babies. The University of Waterloo is third overall with 204 additions last year, for a total of 381.
“Students should not be overwhelmed with the thought of drowning in debt upon graduation,”SeekingArrangement founder and CEO Brandon Wade said. “Obtaining a great job, experiencing life and preparing for a bright future should be a university graduate’s main focus. While Canada does have one of the top university completion rates in the world, it also ranks fourth for most expensive country to attend university.”
Statistics Canada says the average annual cost of tuition for undergrad students in Ontario was nearly $9,000 in 2018-19. Other fees, along with room and board, could boost that total to more than $20,000 per year.
According to SeekingArrangement’s press kit, sugar baby students in Canada “receive an average monthly allowance of $2,925, which is double the amount that could be earned working a part-time job at the national minimum wage.”
What sugar babies need to do to earn that “allowance” remains unsaid, likely with a Monty Python-esque wink and a nod. But the website allows members to define their terms and expectations in their online profile before making an “arrangement.”
“An arrangement is where people are direct with one another and stop wasting time,” the site says. “It allows people to immediately define what they need and want in a relationship.”
Cash comes from sugar daddies (and mommas), benefactors who connect with the students on the SeekingArrangement website, in an average of five days. The annual income for sugar daddies averages $250,000, with their top five occupations, in order, being tech entrepreneur, CEO, developer, financier, lawyer and doctor.
Not surprisingly, the most common occupation for sugar babies, SeekingArrangement says, is student, followed by actress/model, teacher, cosmetologist, nurse and flight attendant.
TOP 20 CANADIAN UNIVERSITIES (new members and total)
1. University of Toronto 362 (1170)
2. York University 229 (836)
3. University of Waterloo 204 (381)
4. McGill University 194 (805)
5. Carleton University 145 (615)
6. University of Alberta 142 (764)
7. University of British Columbia 121 (359)
8. University of Saskatchewan 114 (561)
9. University of Guelph 104 (728)
10. Ottawa University 96 (799)
11. University of Winnipeg 91 (254)
12. Universite du Quebec a Montreal 87 (437)
13. University of the Fraser Valley 85 (175)
14. Ryerson University 84 (821)
15. Vancouver Island University 82 (140)
16. Laval University 75 (401)
17. University of Western Ontario 74 (318)
18. Queen’s University 70 (336)
19. Dalhousie University 69 (391)
20. Simon Fraser University 67 (486)
Copyright Postmedia Network Inc., 2019