Being educated, are in the red (6)

I believe the answer is:

reared

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'being educated' is the definition.
The answer and definition are not the same part of speech. However, past participle verbs and adjectives can sometimes mean the same thing.

'are in the red' is the wordplay.
'in' indicates putting letters inside.
'are' put within 'red' is 'REARED'.

Can you help me to learn more?

(Other definitions for reared that I've seen before include "Brought up, nurtured" , "Provided and cared for during childhood" , "Nurtured - rose on hind legs" , "Fostered, brought up" , "Raised" .)

I've seen this clue in the Evening Standard.

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