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These Austin-area universities lead nation in sugar daddy arrangements

These Austin-area schools lead the nation in sugar daddy arrangements

Couple on a date
Texas coeds are turning to sugar daddies to escape debt. Courtesy photo

Rather than saddle themselves with debt, more college students across the country — and Austin — are seeking a sugar daddy to help with expenses in exchange for quality time in a "mutually beneficial relationship," says a new report.

SeekingArrangement's new report reveals that students seeking sugar daddies hit a 10-year high in 2016, with 1.2 million students utilizing the world's largest dating "arrangement" website. And two local universities are among the top 20 fastest growing sugar baby schools.

Texas State University in San Marcos ranks No. 5 on the list, up one from last year. The school had a 29 percent increase in users. With a 15 percent increase in sugar babies, the University of Texas at Austin ranks No. 11. But that's much lower than its No. 3 ranking in 2015.

And how much are they raking in? Lone Star sugar babies, on average, receive $2,600 per month.

The fastest growing sugar baby schools are Temple University, New York University, Arizona State University, and Georgia State University. University of Houston, previously No. 12, did not make this year's list.