Major refinancing program proposed to help Student Loan Fund borrowers

[webfact]

 

About six million former and current students who borrowed from the Student Loan Fund will pay less interest and lower fines for default and will be allowed to extend the repayment period until their 60-year mandatory retirement age under a major refinancing program proposed by the Finance Ministry, according to Chainarong Katchapanant, manager of the Student Loan Fund.

 

Under the same program, he said guarantors facing lawsuits due to defaults by borrowers, with some of them having had assets seized to repay the loans, will have their assets returned to them as part of the restructuring process.

 

The Finance Ministry’s significant program to assist both debtors and guarantors of the Fund is contained in a Bill currently being vetted by a House committee, according to Finance Permanent Secretary Krisada Chinavicharana.

 

Full story: https://www.thaipbsworld.com/major-refinancing-program-proposed-to-help-student-loan-fund-borrowers/

 

 

-- © Copyright Thai PBS 2022-06-22

 

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[Rhys]

...they are actually working on paying back?  whoa...

[RichardColeman]

17 hours ago, webfact said:

extend the repayment period until their 60-year mandatory retirement age

40 years to pay back student loans ? Imagine being unable to retire due to student loans !

[Cake Monster]

About 6 Million benefited from the Student Loan Fund.

Thats nearly 8 % of the entire population

The mind doth boggle.

 

[hotchilli]

21 hours ago, webfact said:

About six million former and current students who borrowed from the Student Loan Fund will pay less interest and lower fines for default and will be allowed to extend the repayment period until their 60-year mandatory retirement age

Jeez.