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As college costs continue their stubborn rise, and with work harder to come by during an anemic economic recovery, some students are resorting to a rather unusual measure in order to pay their college bills.

“Sugar Daddies,” wealthy older men who provide financial support to younger women in exchange for sex and companionship, have seen a rise in popularity among college students struggling to find a way to pay tuition.

College student membership on SeekingArrangement.com, a website that matches sugar daddies and sugar babies, has increased by 58 percent from December 2011 to December 2012.

“Currently, we have over 2 million members, 44 percent of whom are college students,” Leroy Velasquez, public relations manager at SeekingArrangement.com, told ABC News. “It’s very difficult to retain a part time or full-time job, especially when you have an academic life. With SeekingArrangement, we offer these types of relationships.”

Asked if he thought the anemic economy was contributing to the rise in sugar daddy arrangements, Velasquez said, “I think it’s directly correlated. We are in a very recessive economy, tuition costs and costs of living have increased and people are finding alternative ways of funding a college education, in this case becoming a sugar baby.”

Deeply indebted, facing a lackluster economy, and with jobs scarce, college students and recent graduates are entering into what could be called borderline prostitution to foot their bills.

“In 2011, we saw an explosion in the number of college students seeking sugar daddies to help pay their college tuition”, said SeekingArrangement.com founder Brandon Wade in a news release. “One in every two sugar babies who joins our website today are college students.”

SeekingArrangement.com released a list of the top 20 fastest growing “Sugar Baby” schools: Georgia State, NYU and Temple University topped the list.

According to SeekingArrangement.com, the average co-ed sugar baby receives approximately $3,000 a month in allowances and gifts from her sugar daddy, enough to cover tuition and living expenses at most schools.

(Read by Brian Salter. Brian Salter is a journalist at the China Daily Website.)

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(Agencies)