"I was very aware of the debt collectors knocking at my door.
"I handled the whole situation unprofessionally and realised I've got an anger problem."
The teacher has undergone anger management training, and agreed to undertake further professional training courses.
The student and teacher have also had a restorative justice meeting about the incident.
"It's been a rough year with this hanging over my head," the teacher told the Tribunal.
"But I've got to put it behind me so that I can focus on the students in front of me."
The Education Council's Complaints Assessment Committee wants the teacher's registration cancelled.
It's recommended that if cancellation doesn't happen, the teacher should take more professional development courses, and be mentored for two years.
The Tribunal has reserved its decision.