Everybody knows that college kids today face crushing debts that can dog them a life time, just in order to get that Piece of Paper. So what’s a girl to do?
The women who work at Moonlite Bunny Ranch Brothel may have unconventional jobs, but in one sense they’re just like the rest of America’s young adults: They’ve got student loans to pay off.
Owner Dennis Hof has more than 500 women working for him at his (legal) brothels in Nevada — Bunny Ranch is just one of them. And he estimates that about 18% of them have college debt. He said student loans come up “every day in the interview process,” and he’s seen more and more college students applying to work for him.
So Hof said he’d start matching payments the prostitutes make toward their student loans over the next two months. He’s already helped a few workers he employs pay down their debt.
Ever get the feeling you’re living in The Martian, where solving one problem (getting an education) creates an even bigger problem?
Krissy Summers was a cheerleader at the University of Michigan who had $40,000 in federal student loans. After starting work at Bunny Ranch, she began dating Hof, who agreed to match her debt payments. Hof said Summers was debt-free in 60 days.
Another worker, who goes by the name Caressa Kisses, was also carrying a $40,000 debt load. She said she left Bunny Ranch nine years ago to study as a surgical technician at High-Tech Institute, a for-profit school in Las Vegas. But she couldn’t find full-time work in her field after finishing the program, and she headed back to Bunny Ranch in 2012.
Caressa said she’d been making the minimum payments, but a floating interest rate made her debt load balloon back to $32,000. Hof started doubling her payments last year, and she paid off the last of her balance three months ago. “I am so grateful that I did,” Caressa told CNNMoney. “Dennis [Hof] and The Ranch were my absolute saviors. I had no quality of life.”
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