Elizabeth Raine PHOTOS: stunning medical student auctions-off virginity online for 'sex, adventure, eroticism, scandal' - highest bid at $550,000

Elizabeth Raine is a stunning 27-year-old medical student, ready to auction-off her virginity to the highest online bidder.

And according to Raine, she doesn't even need the money for college loans. The Huffington Post reports that while the blonde bombshell is indeed doing this all for the money, "she is also attracted by the adventure, eroticism, scandal and the chance to challenge norms about virginity."

Raine (who is currently using a fake name) launched her virginity campaign on March 31. Bidding ends May 7 - and someone's already offered to pay up to $550,000 to "pop her cherry." As of now, the highest official bid listed on the site is $300,000.

Raine recently revealed her "true identity," in order to up-the-ante:

"I actually didn't like the anonymity. People mistake it for shame," she told the HuffPost. "Plus, there has been some speculation that I'd be outed and I wanted to do it on my own terms."

Raine is excited for this new sexual "adventure," but still worries she might get kicked-out of school for being the "Med School Virgin" -

"Lawyers have different opinions on whether I'd get kicked out, but one lawyer I trust believes it won't happen," she explains. Raine also provided the HuffPost with passport photos, a student ID, and other identity-confirming materials.

Raine, who was born in the southwest but grew up in Saudi Arabia, allegedly holds Bachelor's Degrees in biology and engineering -she's currently finishing her schooling in a combined MD/PhD program.

Raine goes on to explain in the interview:

"I've been planning this for a year and I've had a personal transformation because of it... I'm more educated about prostitution, virginity and slut-shaming. I am not emotionally damaged, broken or shut off as a result of it. To the contrary, while it was truly devastating and the only difficult experience I have ever been through, my character and outlook on life are much better for it. I have become more compassionate, strong, motivated, and free in spirit. I have learned not to take life too seriously, but also not to take it for granted... I'm very cautious and detail-oriented. I have confidence that I can execute and control it."

Under Raine's contract, the winner (who must be a man) will provide medical proof that he has no sexually transmitted diseases, and he must promise to wear a condom. Alcohol and drugs are not allowed, and he must not "attempt anal sex or treat her violently."

"There will be a legal contract between us," Raine reveals. "[The winner] may not be happy [with the sex], but he knows what he's paying for." 

The act must take place in Australia, where it's legal (not in the USA).

As for actually "falling" for this online suitor? "I wouldn't rule out love, but it's very unlikely," Raine said.

Get more info (and cast your bid) at Raine's official website.