webfact Posted September 26, 2021 Share Posted September 26, 2021 By Tarin Angskul BANGKOK (NNT) - Thailand’s Education Ministry has unveiled the government’s plans to tackle debts owed by about 900,000 teachers nationwide, worth about 1.4 trillion baht. Education Minister Treenuch Thienthong said the government aims to enlist teachers’ savings cooperatives in solving the problems. Three cooperatives in each of the 4 regions of the country will be chosen as models to work with financial institutions and local education agencies to tackle the problem. This model will then be expanded to other provinces nationwide in November. She said this approach was previously adopted by teachers’ savings cooperatives in Samut Prakan and Kamphaeng Phet provinces, to address similar debt problems in the region. They reduced interest on members’ savings to no more than 3% and changed the interest on low-risk loans to bring them in line with those of financial institutions at 4.5-5%. Ms. Treenuch said other measures launched to help in-debt teachers included debt-restructuring programs, withdrawing lawsuits against debtors and reducing loan interest for teachers aged over 75 years old to 0.25-0.50%. -- © Copyright NNT 2021-09-27 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
RichardColeman Posted September 26, 2021 Share Posted September 26, 2021 Personally I think the debts of all Teachers and health workers should be written off once they have spent 10 years in a teacher or health role where their education has been - and is being - used. The wiping off of the debt would be well worth the donation to overall society 1 4 1 Link to comment Share on other sites More sharing options...
Popular Post RotBenz8888 Posted September 26, 2021 Popular Post Share Posted September 26, 2021 39 minutes ago, webfact said: help in-debt teachers Teach the teachers not to spend beyond their means. Hopefully, the teachers will teach the pupils the same. 17 Link to comment Share on other sites More sharing options...
scorecard Posted September 26, 2021 Share Posted September 26, 2021 (edited) She's the niece of Sanoh Thienthong, IMHO one of the most scaly, tricky and untrustworthy Thai politicians of all time. Convenient? What valuable aligned qualifications or valuable aligned experience does she bring to the highest position in the Thai Education Ministry, which desperately/urgently needs major reforms? Edited September 26, 2021 by scorecard Link to comment Share on other sites More sharing options...
Popular Post ikke1959 Posted September 26, 2021 Popular Post Share Posted September 26, 2021 A teacher should be an example for students and teach them how to handle with money, save and don't spend anything if you don't have money. But they don;t know by themselves as they are in hugh debts. Education should be reformed quickly instead of ZI am a teacher I must have an expensive house and car 5 2 Link to comment Share on other sites More sharing options...
Popular Post mikebell Posted September 26, 2021 Popular Post Share Posted September 26, 2021 Thai teachers should learn to handle money. They have a sense of entitlement way beyond the job they half do. All the above plans usually boil down to writing off the debt which teaches them nothing so they repeat. 8 Link to comment Share on other sites More sharing options...
Popular Post CrunchWrapSupreme Posted September 26, 2021 Popular Post Share Posted September 26, 2021 3 hours ago, RotBenz8888 said: Teach the teachers not to spend beyond their means. Latest Apple products. Plastic surgery. A lot of travel over the holidays. Designer bags and clothing. So I finally asked one of them, I thought the salaries were low? She said oh yeah, they are, but we get terrific loans. Debt, debt, debt. 8 Link to comment Share on other sites More sharing options...
Popular Post scorecard Posted September 26, 2021 Popular Post Share Posted September 26, 2021 16 minutes ago, ikke1959 said: A teacher should be an example for students and teach them how to handle with money, save and don't spend anything if you don't have money. But they don;t know by themselves as they are in hugh debts. Education should be reformed quickly instead of ZI am a teacher I must have an expensive house and car "...I am a teacher I must have an expensive house and car ." Very true comment, very common attitude. I'm aware of one man drives a Range Rover, now 5 or 6 years old. Last year he asked the Range Rover agents / showrooms in Bkk to arrange for him to buy a special pack of items he could have installed in his Range Rover so that it perfectly copied the current model. He's still paying off the Range Rover and is in deep debt to pay for the big expensive house he and his wife (also a teacher) live in. In the past, he got a promotion to head teacher in one section of the very big and famous government high school where he teaches. To show his position he arranged for a uniformed driver to drive him to school, stop the car, run around to the passengers side rear door, open the door and go down on one knee with head bowed way down, then, when the teacher alighted the driver had to carry his work bag into the teachers room. After 1 or 2 days the headmaster ordered that this activity stop. 7 Link to comment Share on other sites More sharing options...
Popular Post smedly Posted September 27, 2021 Popular Post Share Posted September 27, 2021 48 minutes ago, scorecard said: She's the niece of Sanoh Thienthong, IMHO one of the most scaly, tricky and untrustworthy Thai politicians of all time. Convenient? What valuable aligned qualifications or valuable aligned experience does she bring to the highest position in the Thai Education Ministry, which desperately/urgently needs major reforms? pretty much the same as the rest - zero they appoint themselves and relatives based purely on privilege not proven ability 1 1 1 Link to comment Share on other sites More sharing options...
smutcakes Posted September 27, 2021 Share Posted September 27, 2021 3 hours ago, RichardColeman said: Personally I think the debts of all Teachers and health workers should be written off once they have spent 10 years in a teacher or health role where their education has been - and is being - used. The wiping off of the debt would be well worth the donation to overall society Presume this is sarcasm. 1 Link to comment Share on other sites More sharing options...
Popular Post smedly Posted September 27, 2021 Popular Post Share Posted September 27, 2021 20 minutes ago, scorecard said: He's still paying off the Range Rover and is in deep debt to pay for the big expensive house he and his wife (also a teacher) live in. should have joined the RTP - some seem to be very wealthy 2 2 Link to comment Share on other sites More sharing options...
hotchilli Posted September 27, 2021 Share Posted September 27, 2021 4 hours ago, webfact said: Thailand’s Education Ministry has unveiled the government’s plans to tackle debts owed by about 900,000 teachers nationwide, worth about 1.4 trillion baht. Living beyond their means... self inflicted debt by tin gods. 1 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted September 27, 2021 Popular Post Share Posted September 27, 2021 4 hours ago, RichardColeman said: Personally I think the debts of all Teachers and health workers should be written off once they have spent 10 years in a teacher or health role where their education has been - and is being - used. The wiping off of the debt would be well worth the donation to overall society Okay let me help you with the teachers debt issue. I know two recently graduated teachers, first year in the profession both went out and bought brand new cars. It's a status symbol, like saying look at me I've arrived. While the schools have been closed the teachers have been receiving their normal salaries, unlike others who have lost wages or are unemployed and in real financial trouble. Any debt they have is self inflected by living beyond their means and having the capacity to borrow more from the bank because of their civil servant status. And remember teachers pay less tax than others [I believe 3%] Why should they be allowed to borrow beyond their repayment capacity and then have it written off? 10 2 Link to comment Share on other sites More sharing options...
Rampant Rabbit Posted September 27, 2021 Share Posted September 27, 2021 4 hours ago, RichardColeman said: Personally I think the debts of all Teachers and health workers should be written off once they have spent 10 years in a teacher or health role where their education has been - and is being - used. The wiping off of the debt would be well worth the donation to overall society Nah that way they will just immediately borrow more on the premise they will be written off in another 10 years, what they need is LESSONS in"responsibility"......maybe they could find someone to teach them that 2 Link to comment Share on other sites More sharing options...
Rampant Rabbit Posted September 27, 2021 Share Posted September 27, 2021 26 minutes ago, hotchilli said: Okay let me help you with the teachers debt issue. I know two recently graduated teachers, first year in the profession both went out and bought brand new cars. It's a status symbol, like saying look at me I've arrived. While the schools have been closed the teachers have been receiving their normal salaries, unlike others who have lost wages or are unemployed and in real financial trouble. Any debt they have is self inflected by living beyond their means and having the capacity to borrow more from the bank because of their civil servant status. And remember teachers pay less tax than others [I believe 3%] Why should they be allowed to borrow beyond their repayment capacity and then have it written off? BONUS POINTS..............its all of their own doing. 1 Link to comment Share on other sites More sharing options...
Surasak Posted September 27, 2021 Share Posted September 27, 2021 How can this possibly be? I thought Thailand was a no fail society. 1 1 Link to comment Share on other sites More sharing options...
Popular Post scorecard Posted September 27, 2021 Popular Post Share Posted September 27, 2021 2 hours ago, Rampant Rabbit said: BONUS POINTS..............its all of their own doing. Got to have the big debt, compulsory, otherwise your not a member of the teachers' club. 2 1 Link to comment Share on other sites More sharing options...
rudi49jr Posted September 27, 2021 Share Posted September 27, 2021 How about paying them a decent salary? I don’t think that has been raised for 15-20 years, while the cost of living has increased significantly. How do you expect people to survive on the same salary year in year out when prices of just about everything just go up and up? Link to comment Share on other sites More sharing options...
Popular Post alien365 Posted September 27, 2021 Popular Post Share Posted September 27, 2021 5 hours ago, scorecard said: "...I am a teacher I must have an expensive house and car ." Very true comment, very common attitude. When I moved here I bought a new eco car. My wife (also a uni lecturer) was a bit worried as others were telling her that we had to have at least a Vios level car. I couldn't believe how others thought it was any of their business and told the wife to return that sentiment. It's crazy to buy what you can't afford mainly to impress others. 3 1 Link to comment Share on other sites More sharing options...
scorecard Posted September 27, 2021 Share Posted September 27, 2021 1 minute ago, alien365 said: When I moved here I bought a new eco car. My wife (also a uni lecturer) was a bit worried as others were telling her that we had to have at least a Vios level car. I couldn't believe how others thought it was any of their business and told the wife to return that sentiment. It's crazy to buy what you can't afford mainly to impress others. - Link to comment Share on other sites More sharing options...
jacko45k Posted September 27, 2021 Share Posted September 27, 2021 4 hours ago, Rampant Rabbit said: Nah that way they will just immediately borrow more on the premise they will be written off in another 10 years, what they need is LESSONS in"responsibility"......maybe they could find someone to teach them that Do we blame them or should the banks be sanctioned for giving loans that are far out of proportion to the salaries people receive? What is happening to these teachers when they default? Link to comment Share on other sites More sharing options...
2 is 1 Posted September 27, 2021 Share Posted September 27, 2021 Again many people post here who dont have any knowledge about teacher's money issues! I think many dont know either, that they have own bank where they cant take money off because that bank is almost bankruptcy. All teacher's are not member in that bank but most are. My wife has there over 1,5 million bth whitch she cant toutch, even she work now in higher position than teacher. Link to comment Share on other sites More sharing options...
Popular Post Rampant Rabbit Posted September 27, 2021 Popular Post Share Posted September 27, 2021 3 minutes ago, jacko45k said: Do we blame them or should the banks be sanctioned for giving loans that are far out of proportion to the salaries people receive? What is happening to these teachers when they default? Responsibility, the onus is on the borrower. Theyll always say its someone else fault, anything but accept the responsibility that they have bad judgement......again and again and again. 3 Link to comment Share on other sites More sharing options...
Rampant Rabbit Posted September 27, 2021 Share Posted September 27, 2021 32 minutes ago, rudi49jr said: How about paying them a decent salary? I don’t think that has been raised for 15-20 years, while the cost of living has increased significantly. How do you expect people to survive on the same salary year in year out when prices of just about everything just go up and up? Wifes Brother teacher in Loei 60 yrsold now retired gets 32k a month PENSIOn from the govt for teaching all his life, sounds ok to me. Link to comment Share on other sites More sharing options...
itsari Posted September 27, 2021 Share Posted September 27, 2021 If they write off the debt for teachers all debtors in Thailand will want the same treatment . 1 Link to comment Share on other sites More sharing options...
jacko45k Posted September 27, 2021 Share Posted September 27, 2021 Just now, itsari said: If they write off the debt for teachers all debtors in Thailand will want the same treatment . Well most of them are probably at the bank today seeing if they can get more on their loans, since they aren't working. Link to comment Share on other sites More sharing options...
itsari Posted September 27, 2021 Share Posted September 27, 2021 2 minutes ago, jacko45k said: Well most of them are probably at the bank today seeing if they can get more on their loans, since they aren't working. And in anticipation of a windfall Link to comment Share on other sites More sharing options...
Foghorn Posted September 27, 2021 Share Posted September 27, 2021 How about teaching the teachers about responsibility for their actions , then maybe they can become responsible people and stop crying about the mess they got themselves into, don’t spend more than you earn and don’t borrow money to try show off Link to comment Share on other sites More sharing options...
cyril sneer Posted September 27, 2021 Share Posted September 27, 2021 5 hours ago, scorecard said: "...I am a teacher I must have an expensive house and car ." Very true comment, very common attitude. I'm aware of one man drives a Range Rover, now 5 or 6 years old. Last year he asked the Range Rover agents / showrooms in Bkk to arrange for him to buy a special pack of items he could have installed in his Range Rover so that it perfectly copied the current model. He's still paying off the Range Rover and is in deep debt to pay for the big expensive house he and his wife (also a teacher) live in. In the past, he got a promotion to head teacher in one section of the very big and famous government high school where he teaches. To show his position he arranged for a uniformed driver to drive him to school, stop the car, run around to the passengers side rear door, open the door and go down on one knee with head bowed way down, then, when the teacher alighted the driver had to carry his work bag into the teachers room. After 1 or 2 days the headmaster ordered that this activity stop. a perfect example of Thai behaviour Link to comment Share on other sites More sharing options...
cyril sneer Posted September 27, 2021 Share Posted September 27, 2021 10 minutes ago, itsari said: If they write off the debt for teachers all debtors in Thailand will want the same treatment . and teachers will keep borrowing money same as before without any lesson learned 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now