Warning: Are you a teacher who needs cash in an emergency? Payday loans are an expensive form of credit and should be your last resort. For help with debt, go to Moneyhelper.org.

Loans for Teachers in the UK

More qualified teachers are applying forpayday loans to fund an emergency expense that their teachers salary can’t cover. Find out how many teachers apply and why this might be!
Representative example: Borrow £700 for 6 months. 1st monthly repayment of £168.45, 4 monthly repayments of £224.60, last monthly repayment of £112.20. Total repayment £1,179.05. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. All our loans are available for 3 to 9 months - rates between 295.58% APR and a maximum APR of 1294%.
Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk.

Do you need £300 – £1500 to pay for an unexpected bill that your teachers wage just wont cover? You’ve come to the right place! The Cashfloat Team provides payday loans for teachers when they need that extra cash injection to pay for surprise expenses or to help you get through until payday. Apply now and get money into your bank account within 1 hour* of approval!

3,541 Teachers
applied for
Payday Loans
from Cashfloat in the past year.

Whether you are a head teacher, class teacher or a teachers assistant, if you need to borrow money for an emergency expense or to help pay your rent, Cashfloat can get you the money you need quickly. Apply here, and you’ll get an instant decision.

Bad credit welcome
Flexible monthly repayments
Online application, accessible 24/7
Apply now

Being in the teaching profession has its many perks, such as the satisfaction you can get from educating children and young adults. Another perk is the paycheck you get at the end of every month. However, for some teachers out there, that monthly paycheck is not always enough to cover all their expenses, and when they have an emergency that they need funding, they can get stuck. As a leading UK direct lender, we explore the salaries of a teacher, the pros and cons of the job and why so many teachers resort to quick loans online.

Becoming a Teacher

There are a variety of ways of joining the teaching profession. However, all teacher training courses include 24 weeks of practical classroom experience in two or more schools. There is also academic study, experienced professional mentoring or tutoring in classroom management, and ongoing assessment of teaching skills. One of the most common ways to enter the profession is to do Initial Teacher Training (ITT) or Initial Teacher Education Training (ITET), both of which lead to Qualified Teacher Status (QTS). Alternatively, would-be teachers can do a degree course and then a one-year Postgraduate Certificate in Education (PGCE). If the subject which the teacher plans to teach is different to the main degree, they can take a subject enhancement course.

The School Direct scheme recruits and trains teachers in partnership with schools or universities. The training lasts a year and is usually unsalaried but with the possibility of a bursary or scholarship of up to £30,000. Alternatively, it can be salaried with the trainee teacher being paid an unqualified teacher’s salary.

This flexibility of entering the profession means that it is attractive to people who desire a change in career at an older age. As a profession, teaching continues to be dominated by women, especially at primary school level. Approximately 74% of teachers are female. They consider it to be a job that can be combined with raising children; the working hours and the summer holidays mean working mothers do not have to worry about the additional expenses of childcare once their children start school.




Payday Loans for Teachers

Cashfloat – a dynamic payday loans direct lender in the UK – has noticed the high amount of applications for payday loans for teachers. The question is; Why? Although long considered a well-paid profession, an increasing number of teachers are applying for payday loans. This tends to be mostly young teachers just entering the profession.

One of the attractions of teaching has always been its mobility. We need teachers all over the UK. However, with their starting salary, a mortgage is out of the question, so most have to look for rented accommodation. There is a shortage of property to rent, and the increasing use of letting agencies pushes up rent even more. Their rent would, of course, depend on where they live. It has been calculated that in London, rents average £740 a month. This would swallow nearly half of their salary. It could leave them needing the help of companies offering instant payday loans for teachers. Other expenses they would have are travel costs of commuting to and from work and the monthly instalment of paying back their student loan now they are in full-time employment.

New teachers are at a disadvantage. They will not necessarily get high salaries until they have more experience. A new teacher might have to find work at schools with disciplinary problems which would make their situation worse; they would not be able to show ‘proof’ of being a good teacher and would therefore not receive a pay rise.

As a responsible and caring lender, Cashfloat is happy to help provide short term loans for teachers who need extra funds to pay for an emergency. However, short term loans online are an expensive form of credit and should not be used to alleviate long term money problems.

Apply now

57% of teachers who borrow payday loans are Female
52% of teachers who borrow payday loans are Single
Average age of teachers who borrow payday loans is 38 years old
Most common month for teachers to borrow a payday loan is: September
Top 3 places where teachers borrowed payday loans: London, Birmingham and Manchester
Teachers who borrow payday loans earn an average of £2,072 a month

FAQ’s about Teachers’ Pay

How much do teachers earn?

These are the government recommendations for the year 2021-2022 in England and Wales (excluding the London Area)


Unqualified teacher£18,419 to £28,735
Qualified teacher£25,714 to £36,961
Leading practitioner£42,402 – £64,461

What is the maternity leave and pay of teachers?

All teachers are entitled to 52 weeks of maternity leave irrespective of their length of service. They are also entitled to Statutory Maternity Pay (SMP) if they have completed 26 weeks of continuous service by the 15th week before the expected birth date. They get payment continuously for up to 39 weeks. In the first six weeks, they receive 90% of their average weekly earnings. For the next 33 weeks, they receive £151.97 or 90% of their average weekly earnings (whichever is lower).

To qualify for Occupational Maternity Pay (OMP), teachers must be covered by the Burgundy Book. They also have to have been employed for one year and 11 weeks by the expected week of childbirth. OMP is continued for 33 weeks and in the first four weeks is 100% of their salary. In the 5th and 6th weeks, this drops to 90%, and then up until the 18th week, it is half their wages.

How much is sick leave and pay for teachers?

For teachers in the Burgundy Book, their entitlement to salary while sick increases each year from 25 working days on full pay. This includes an additional 50 days on half-pay in the first year. Each year of service means they can claim more days of sick pay. In the 4th year, it reaches 100 days on full payment and 100 days of half-pay, and it remains at this level for successive years. A teacher requires a medical certificate if they are off sick for more than seven calendar days.

How much are teachers’ pensions?

For 2021-2022, teachers’ pension contributions ranged from 7.4% for those on lower salaries. For those at the top of the scale, it rose to 11.7%. Their pension is calculated by multiplying their years of service by their average salary and then dividing by 80. For early retirement, there is Actuarially Adjusted Benefit (AAB).

What is performance-related pay?

Since September 2014, the introduction of performance-related pay has meant any rise is discretionary after an evaluation by Head Teachers in conjunction with the schools’ Governing Bodies. The idea is that good teachers will be paid more. However, there are doubts about how a teacher’s performance can be appraised, measured and rewarded through the observation of one lesson. As far as pupils’ progress is concerned, the temptation could be to teach by rote and teach students to pass tests.

In 2016, one in twelve teachers who wanted a pay rise did not get one. Nearly 10% of teachers left the profession, which was the highest leaving rate in a decade. The numbers who stay in teaching longer than three years has also fallen from 87% to 75%, which is the lowest rate since 1996.

Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk.