Predator Lenders Now Targeting Teachers [View all]

[Scuba]

http://cognidissidence.blogspot.com/2014/01/predator-lenders-now-targeting-teachers.html

Benjy Hansen-Bundy, writing at Mother Jones, reports on a very disturbing trend coming to the United States - predatory lenders targeting teachers who are trying to keep sufficient supplies in their classrooms.

Evidently, the $1.6 billion that K-12 teachers already spend out of pocket on school supplies just isn't cutting it. Thankfully, the Silver State Schools Credit Union of Las Vegas, Nevada, now offers loans specifically for K-12 teachers who are struggling to scrape together the classroom essentials on their hemorrhaging budgets, Sociological Images reported.

"If you're a K-12 teacher in the state of Nevada, you know that keeping the classroom supply cabinet fully-stocked can be costly," reads the email SSSCU sent to its members. "To help you purchase the materials you need beyond what the school's budget may provide we've created a low-interest Classroom Supply Loan especially for you."

Unbelievable, except in America.