LOS ANGELES – According to a recent ABC News report*, only half of young adults will be able to find summer employment this year. Meanwhile, college tuition and student loan costs have skyrocketed.
That may be at least part of the reason female college students on summer break reportedly are flocking to “sugar daddy” social networking sites like MyGirlFund.com.
While students ages 18-22 normally compose 25 percent of MGF’s 6,000-plus female member base, more than 500 college students have joined since the academic year ended. MyGirlFund’s Stefan Patrick said the migration suggests young women are pursuing creative ways of financing their education in the face of a sluggish job market.
“[MGF] Members list their financial goals when they join, and the new coeds are vocal about their tuition needs,” Patrick said. “One new member penned the memorable line ‘when good girls can’t pay their tuition, anything can happen’ on her profile, but overall these are young women who would never consider stripping, porn or public group cam shows.”
Patrick said the young women are attracted to MyGirlFund because the site empowers them as autonomous economic agents in a social networking setting similar to mainstream sites like Facebook.
“The young women joining our site appreciate the total autonomy we grant them,” he opined. “They are free to set their own prices for the content and interaction they chose to provide. They work when they want to from the privacy of their own homes.
“They also appreciate the extra steps we take to ensure that what happens on MyGirlFund stays on MyGirlFund,” Patrick continued. “We operate the site as a closed, private environment so members don’t have to worry about exposure or leaked content. Our female members are comfortable, and guys respond positively to confident, expressive and goal-driven women.”
Patrick revealed earnings via the site are a function of time and effort expended.
“We know that a number of young women have earned degrees, undergraduate and graduate, with the contributions they receive on MyGirlFund and that many others are able to support their families,” he said. “At the very least, the new girls will be able to partially defray exorbitant tuition costs while doing what many are likely already doing on social media sites like Facebook, tumblr and Instagram.”
[SIZE=1]* “Young People Can’t Get a Summer Job – But Don’t Blame Immigration,” July 13, 2013.[/SIZE]
