Can someone explain how the student loan system works? 

My landlord says that if the Thai family earns above a certain amount, they won't qualify for the loan. He stated quite clearly that the loan is meant for poor Thai people, not the rich. 

I've looked at a few posts on the subject here (e.g. 

) 

which contains a link the a Thai website (https://www.studentloan.or.th/th/home) 

but I haven't found out about the financial qualification limit, if there is one. 

 

Has anyone any information or experience of this loan system? 

Thanks in advance. 

1 hour ago, JetsetBkk said:

Has anyone any information or experience of this loan system? 

Thanks in advance. 

Easy answer,

The Thai home room teachers visit your home once a year, while there they assess your income and make notes. If they've written in the notes, nice house, new (ish) car, big TV ......... no student loan.

It's that simple!

 

I also knew a NGO guy that handed out scholarships,

He'd walk around their homes looking for where they had hidden their car, sheds, tire tracks, all examined. If they appeared to own a car, no scholarship.

6 hours ago, BritManToo said:

Easy answer,

The Thai home room teachers visit your home once a year, while there they assess your income and make notes. If they've written in the notes, nice house, new (ish) car, big TV ......... no student loan.

It's that simple!

 

I also knew a NGO guy that handed out scholarships,

He'd walk around their homes looking for where they had hidden their car, sheds, tire tracks, all examined. If they appeared to own a car, no scholarship.

Wow! That bad? 

19 hours ago, JetsetBkk said:

Wow! That bad? 

Sounds like a lot of BS to me, my girlfriend and parents have over 100 rai of land as well a paid off house, truck, and they work without other debts so she was essentially neither poor or rich, and she had a student loan without any issues.

 

However the part where it really is that bad, is the interest rate part on it together with the pay back terms. Would obviously be cheaper to take out a loan back home, if possible, compared to that.