College students are increasingly finding ‘sugar daddies’ preferable to loans

Is that really the case that majority of accounts on matchmaking websites are made up? Why?

Here in Europe, definitely not the case. Sometimes there are blatant, obviously spam accounts that send links to porn and scam sites, i don't mean these. But other than that, i have yet to see an obviously fake profile being in Czech Republic or Belarus (here in Cyprus they are sort of a thing, but in a different way - people who don't really live here but looking for a man to pull them out of the sh*thole countries they live in, like Ukraine or Moldova, but they are still real people - i know coz i dated many of them). Why would that be any different in the U.S.? Are women for some reasons reluctant to join?

The normally given reason is that the asset being paid for (education) can’t be taken back by the loan provider. If you get a mortgage and can’t repay it, the bank repossesses your house. If you get a college education and can’t pay your student loan, the bank can’t take back your degree or what you learned.

This is, of course, not any kind of valid basis for the current status quo and in a sane setup lenders would either have to be much pickier about who they lend to or require tangible collateral.