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View Diary: Overnight News Digest 01/25/2013 (46 comments)

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  •  "Sugar Babies" (11+ / 0-)

    What is there to do if you're an attractive college student living in NYC, and need money to pay bills? Well you could get a job at the campus bookstore, or have a "mutually beneficial relationship" with an older gentleman for around $3,000/month. According to some claims, NYU students are among some of the most eager to sign up on "sugar daddy" dating websites compare to their peers at other schools.

    It's unclear how many NYU students have changed their majors to "Listening To 38-Year-Olds Complain About How Thin Their Hair Is While Using Cocaine At A Ski Lodge In Whistler."
    While it's not exactly prostitution per se (since no one is being paid directly for sex), it is a situation where men mostly in their 40s to 60s are paying for companionship with expectations of intimacy.

    From the New York Daily News:

    Lovely Phillips is the picture of a busy college junior.

    When the 20-year-old isn’t taking classes at the Fashion Institute of Technology, or acing her serve on the tennis court, the stunning curvy fashion student meets her father for dinner and a show. Only that’s not her dad. It’s her sugar daddy.

    “I only get along with older men,” says Phillips, an aspiring celebrity stylist living in Chelsea, who’s been dating a 60-year-old she met online for the last seven months. “Older gentlemen are more attractive because there’s not much of an issue when it comes to finances and maturity,” she explains. “I am young and I need guidance. I look for guys who are willing to mentor me and help me on my career path.” And subsidize her lifestyle. Her current beau pays her $4,000 part-time tuition bill and $2,000 housing costs at FIT, and even bought her a 13-inch MacBook Pro laptop ($1,200) for her schoolwork.

    Meet the sugar babies, the New York 20-somethings who don’t want to find a job, just an older man to pay their tuition, rent and buy them fancy gifts and taken them on exclusive international vacations.

    Full-length mink coats, a new Mercedes with a monthly parking spot and $20,000 to furnish a new rent-free FiDi duplex ($6,500 a month if you’re paying) are just the beginning. They fly by private jet to Europe and spend their days in the salon getting their hair and nails done. One Manhattan sugar baby even has a bank account set up where her much older companion deposits $10,000 a month to cover “incidentals” like Chanel bags, Hermes belts and the latest Louboutins.

    •  That Is Hard To Read (5+ / 0-)
      Recommended by:
      maggiejean, Rimjob, Aunt Pat, JML9999, Trix

      I recall when my brother, and I am childless, had his first kid.

      My parents have some financial means and the first thing they did was set-up a fund to help her pay for school. That she will never want there.

      She can do anywhere she wants and it will always be paid for.

      Stuff like that matters to my family.

      When opportunity calls pick up the phone and give it directions to your house.

      by webranding on Fri Jan 25, 2013 at 09:16:34 PM PST

      [ Parent ]

    •  I'm a graduate of NYU... (5+ / 0-)
      Recommended by:
      Rimjob, jlms qkw, maggiejean, Aunt Pat, JML9999

      If that site had been around when I was there, I would've been all over it.

      ;-)

    •  I suspect that... (3+ / 0-)
      Recommended by:
      maggiejean, JML9999, Rimjob

      one reason it might be popular among NYU students (apart from the high cost of living in NYC) is the fact that there are so many aspiring actresses there (at the Tisch School of the Arts) who maybe view it as some sort of acting gig.

      •  Most Tisch students... (2+ / 0-)
        Recommended by:
        Rimjob, JML9999

        will ultimately end up working as prostitutes anyway.

        ;-)

        •  I'm just kidding, of course... (2+ / 0-)
          Recommended by:
          Rimjob, JML9999

          but when I was at NYU, the joke (which was funny because it was true) was that more successful people in Hollywood had dropped out of Tisch than graduated from there.

          Since then, I think it's gotten a better rep/churned out more successful actors/actresses/directors.

          •  While Watching "The Actor's Studio" (2+ / 0-)
            Recommended by:
            Trix, JML9999

            I've often wondered what the "success rate" is for the students you see in the crowd?

            I remember that during one of the SAG (Screen Actors Guild) strikes there was a big article about how only the upper echelon of actors & actresses make a "comfortable" living, and the vast majority of SAG members really need the sort of negotiated benefits that are fought over during the strikes.

            And remember that out of the entire pool of struggling actors, only a small amount are SAG members to begin with.

        •  On The Other Hand.... (2+ / 0-)
          Recommended by:
          Trix, JML9999

          It might be good practice for the porn industry.

          And if all else fails, I'm sure some of these guys would be amenable to them taking on the full-time position of trophy wife.

      •  Also, the fact that... (2+ / 0-)
        Recommended by:
        Rimjob, JML9999

        NYU tuition is now around $45k/year (slightly more for Tisch).

        •  "Is NYU’s Tuition Actually A Bargain?" (2+ / 0-)
          Recommended by:
          Trix, JML9999

          NYU's justification for the cost of tuition from NYU’s Blog:

          While the education one can expect to receive at NYU is comparable to that of our collegiate peers, our location—and everything that comes with that—is far from equal. In short, paying 50k a year to live in Lower Manhattan is not the same as paying 50k to live in Lewiston, Maine. Our location in “the heart of Greenwich Village” is more valuable than almost any place in the country. That’s not just my opinion, but rather a fact of simple economics.
          •  Well, yeah... (2+ / 0-)
            Recommended by:
            Rimjob, JML9999

            I think NYU is a far better deal for (a little less than) $50k than Bates College (in Lewiston, ME), where tuition is in excess of $50k.

            But I think the real justification is the cost/value of the real estate it's located on.

            •  One Of The Worst Private Schools For Student Debt (2+ / 0-)
              Recommended by:
              Trix, JML9999

              From the Village Voice (via NYU Local):

              Much of the article focuses on Lyndsey, an NYU alumna who took out over $300,000 in loans to graduate from NYU and subsequently found herself forced to make the choice between working in the industry she actually studied for and making her loan payments ($1,232 a month!). The rest of the article details why NYU is so bad at student debt, which essentially boils down to the fact that NYU is using student tuition to finance its massive expansion plans and vision of a Global University in an effort to become a New Ivy:
              “But at the same time, NYU’s status as an iconic and prolific generator of student debt is an awkward fit with the populist outrage of national education funding activists and Occupy Wall Street protesters. Prospective NYU students have less-expensive options, and NYU isn’t exactly positioning itself as an affordable institution for the masses. In fact, its tuition is so high and its financial aid so low precisely because the university is on a multi-decade spending spree, attempting to launch itself into the highest tiers of elite universities with a state-of-the-art campus and top-notch faculty.

              That sort of aspirational spending—the idea that, as former NYU president L. Jay Oliva once said, “There’s no way to get excellence, other than buying your way into it”—is, of course, only the institutional mirror of the aspirational spending NYU’s students are doing when they pay their tuition bills. For many, the belief that a diploma from a prestigious school like NYU can catapult a student into a higher socioeconomic register makes NYU’s staggering tuition seem worth it.

              There is a significant difference between these double strands of big dreams and lavish spending, though: NYU is financing its dreams with student tuition. The students are financing theirs with enormous loans that can weigh on them and limit their options for decades to come.”

              •  NYU was much more affordable when I was there... (2+ / 0-)
                Recommended by:
                Rimjob, JML9999

                I think tuition when I graduated (1996) was *only* around $30K.

                Thankfully, I didn't need to take out any student loans.

              •  My father also went to NYU... (2+ / 0-)
                Recommended by:
                JML9999, Rimjob

                and after he got his Bachelor's degree there (in accounting), he enrolled in the business school to go for his MBA. His family didn't have a lot of money, so to help pay for his tuition, he was working for the school (doing financial auditing). In that capacity, he discovered that someone was stealing hundreds of thousands of dollars from the school, and brought the info to the attention of his boss, who then proceeded to fire him (forcing him to drop out). As it turned out, his boss is the one who was doing the embezzling.

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