The aftermath of the credit crunch has meant teachers are struggling to keep up with their financial commitments, it has been suggested.
According to the Teacher Support Network, the first quarter of 2008 saw a 70 per cent rise in the number of teachers seeking financial help and advice, the BBC reports.
In fact, £62,000 in grants were given to struggling teachers by the network in the first part of the year.
Chief executive of the charity Patrick Nash stated that economic problems are to blame.
"More of our callers are having to seek help simply to make ends meet, showing that the national credit crunch is having a very real effect on teachers in particular," he said.
Mr Nash stated that the increase in mortgage repayments - particularly for those on fixed-rate deals - coupled with rising living costs is crippling education professionals.
Earlier this year, the government proposed a 2.45 per cent pay rise for teachers in 2008, which was met with fierce criticism by the National Union of Teachers.
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