School literature of elite becoming tender to Shylock (7)

I believe the answer is:

educate

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

'school' is the definition.
(I know that school is a more specific form of educate)

I don't understand how the rest of the clue works.

Can you help me to learn more?

(Other definitions for educate that I've seen before include "Impart learning" , "Train, instruct" , "Teach - school" , "School, train" , "teaching style" .)

I've seen this clue in The Independent.

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