The Paycheck Loan Wheel.

Most students on Planet College are employed. Mostly part-time but employed nonetheless. Some times more than one employer. And the end result, the idea, the purpose is a paycheck. This check is supposed to cover at least most of the ongoing expenses related to life and school. It seems it almost never does.
And that is where the paycheck wheel begins.
Nationally for some times businesses have been flourishing which offer payday loans. The are usually storefronts and they often provide additional financial "services" such as cashing checks, sell money orders.
The pay day loans are usually in the form of a post-dated check. This is the procedure. The customer writes a check for a certain amount. They then date it for sometime in the future. Usually this date is on or after the customer's next payday. The total amount of the check includes a fee.
Practically it works this way. A student needs some quick funds, say $100.00. They then got to the payday loan company and there usually fill out some paperwork. The paper work includes their employer and other personal financial information. Once this paperwork is processed they can write the postdated check. The check will include the check cashing fee. In the state in which this is being written the fee is commonly $16.00. Thus the total of the check is $116.00.
The student then leaves the business with $100.00. Some time later, usually after the students next payday, the business cashes the check.

That is how the paycheck wheel starts.