Teacher in N.J. accused of selling grades

TRENTON, N.J. --- Forget the apple,this New Jersey high school teacher only accepts cold hard cash.

A Social Studies teacher in New Jersey is in a bit of a bind after she was caught accepting cash from students looking to improve their grades.

Thirty-year-old Megan Laboy is accused of a collecting more than $1,400 in cold hard cash from students at Colts Neck High school during the 2008-09 school year.

Police say Laboy told her students the money she collected for the extra credit grades would go toward a charity.But  they say she kept the money for herself.

Laboy was arrested and charged with third-degree theft by deception and was released on her own recognizance Monday.

Laboy, who began working for the school district in 2001, now finds herself out of a job and looking for a new method of collecting fast cash. 

Channel 2 News video