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"Unfortunately, because of the of recent tuition hikes, the college experience has become greatly unbalanced.” He added: “While some may argue that these women are just using men for their own personal gain, I believe that they are proactive in pursuing a higher education.” Although a survey conducted last year by the website found approximately 80 per cent of all relationships conducted through Seeking involve sex, Wade has rejected criticism that the nature of the site could be interpreted as a form of prostitution.

Speaking last year, he said “sugar babies” – young women using the website – were “intelligent and goal-oriented ladies, while sugar daddies are respectful gentlemen.” He wrote on his website: “Because the relationship between a sugar daddy and a sugar baby is romantic in nature, most sugar relationships will likely involve 'sex' ...

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Seeking is frequented by male business executives on an average income of £170,000 per year.

Women who sign up can agree to exchange their time and affection for lavish dates, expensive shopping trips and, in some cases, regular cash allowances.

According to the website, the average female university student using the website receives £5000 per month from their "benefactors" to "cover the cost of tuition, books and living expenses".

“College should be an opportunity to expand the mind and experience new things," said Brandon Wade, CEO and founder of Seeking

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