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East European charging money for Shylock's tutors (8)

Ross

I believe the answer is:

educates

I'm a little stuck... Click here to teach me more about this clue!

'tutors' is the definition.
The definition and answer can be both to do with social activities as well as being verbs in their -s form.
Maybe they are linked in a way I don't understand?

'east european charging money for shylock's' is the wordplay.
I cannot quite see how this works, but
an anagram of 'east' is 'ates' which is present in the answer.
'european' could be 'e' (abbreviation e.g. EU) and 'e' is found in the answer.
'money' could be 'c' and 'c' is found within the answer.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for educates that I've seen before include "Trains, teaches" , "Instructs, teaches" , "Trains the mind and abilities" .)

I've seen this clue in The Times.
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