Lubavitcher Rebbe Establishes Loan Fund for Teachers and Schools

The Lubavitcher Rebbe, Rabbi Menachem M. Schneer-son, world leader of the Lubavitcher movement, today announced the establishment of a special loan fund for teachers and schools of Jewish learning.

Speaking at the Lubavitcher center here commemorating his father’s 20th Yartzeit, the Rebbe told of the plight of many teachers of Jewish studies in Yeshivos and other Jewish schools. “They are often underpaid,” said the Rebbe, “and in most cases receive smaller salaries than teachers of secular studies. Often they are paid with a postdated check valid several weeks, and sometimes months, hence.”

He called for an increase in salaries for teachers of Jewish studies so that they at least equal that paid for secular teaching. He said that teachers receiving postdated checks would be able to redeem them immediately at the loan fund. As an incentive for Jewish schools to expand their religious studies facilities,” the Rebbe said, “the new fund would offer loans to such schools for such expansion. These loans would be administered on an equal basis for the benefit of Jewish studies departments of all Jewish schools, and would not be restricted to Lubavitcher or other institutions.”