Over Rutgers students have registered with seekingarrangements. Or so says the company behind the dating website designed to bring the two together. In , the number of Rutgers University students who joined seekingarrangement. Founded in , the online dating website offers cash-strapped college students the chance to enter into what the company's press kit says are "mutually beneficial" arrangements with more financially secure persons.
A total of Rutgers students have registered profiles with seekingarrangement. How many of those are active users is unclear. The number represents less than one percent of the university's total population of enrolled students, which stands at 40, for the school year.
Still, with last year's growth, Rutgers has shot into the top on the website's annual ranking of fastest growing "Sugar Baby Schools," which was released by the website last week.
The rising cost of tuition at Rutgers and universities nationwide, and the lack of congressional action on the issue of student debt, has led to a 42 percent increase in college student signups, according to SeekingArrangement CEO Brandon Wade. Last July, the Rutgers' board of governors voted unanimously to h ike undergraduate tuition and fees 2. Calls for comment to the university were not immediately returned. New Jersey ranks in the top in terms of highest amount of loan debt owed by higher education students.
And many of those students are going into default. Recent studies by the U. Department of Education analyze the default rate of students in a three-year student cohort per each fiscal year. Of the 82, New Jersey students who had in fiscal year received a federal student loan, 8, defaulted within two years of the start of their repayment period.
