"Student Loan Fund"

The Student Loan Fund has prepared measures to help alleviate the financial burden of borrowers amid an economic recession caused by a fresh wave of Covid-19, manager Chainarong Katchapanan said on Wednesday.

Deputy Prime Minister and Public Health Minister Anutin Charnvirakul proposed to the Cabinet that new borrowers of the Student Loan Fund should no longer be required to have a personal guarantor, said deputy government spokeswoman Traisulee Traisaranakul on Tuesday.

Thailand’s Student Loan Fund (SLF) said more students are seeking loans this year, especially since many parents have lost their jobs in the fallout of Covid-19.

The Student Loan Fund (SLF) has issued five measures including a one-year debt suspension period for those who are holders of state welfare smart cards.

An Amnat Charoen man and his daughter have complained that land they owned was put up for auction to cover her Bt40,000 debt to the Student Loan Fund (SLF) even though they repaid the debt with full interest in June last year.

The Student Loan Fund (SLF) has adjusted its court settlement contracts to allow embattled debtors extensions of their loan repayment periods for up to 15 years and a 75 per cent reduction of imposed fines.

FOCUS FOR RECOUPING DEFAULTED LOANS TO SHIFT FROM GUARANTORS TO BORROWERS

The Student Loan Fund will in July begin deducting repayments of loans from the salaries of state employees, fund manager Chainarong Kajchapanan said on Thursday.

Govt urged to try other methods to reclaim money

A DEBT-restructuring fair with special incentives will be held from October-December to give another chance for 400 debtors with Bt46 million worth of 'delinquent' student loans to negotiate repayment.