Repayment of student loan fund jumps 39 percent this year

[rooster59]

Repayment of student loan fund jumps 39 percent this year

BANGKOK: The student loan fund has received repayments from student debtors amounting to 16,124 million baht for the whole year ending July 5, representing an increase of 39 percent from the figures a year ago.

Another student loan fund for university and higher vocational students also received repayments amounting 388 million baht during the same period – an increase of 27 percent from the figures last year.

The fund manager, Dr Thitima Vicharat, attributed the increase in the loan repayments reflected greater responsibility of the debtors which will help improve the image of the country.

She offered her thanks to the student debtors for paying back their loans which can be used to lend out to new students.

For those who missed the repayment deadline, Dr Thitima said they could do so anytime from now on but they will have to pay some fines too for the delay in payments. Fines will be waived if repayments are made within September 30.

Source: http://englishnews.thaipbs.or.th/171752-2/

-- Thai PBS 2016-07-09

[HiSoLowSoNoSo]

"Improve the image of the country"

[jaltsc]

"The student loan fund has received repayments from student debtors amounting to 16,124 million baht for the whole year ending July 5, representing an increase of 39 percent from the figures a year ago."

That probably represents 1% of the amount of outstanding loans and 500,000 times the value of the "education" those students received.

[elgordo38]

"Improve the image of the country"

At a time when the global and local economy is falling on hard times these figures really look questionable. Unless all the students left for Korea or Taiwan I just find these facts unbelievable. For the sake of disclosure I am at that stage in life where I do not believe in government or their figures anymore. Another laugh is that job creation in the USA went from 11,000 (revised number) to 287,000 in 30 days. Kind of Alice in Wonderland numbers when you consider that neither construction or manufacturing added any jobs.

[bheard]

"Improve the image of the country"

Why does it come up so often from 'officials' ? (officials in just about any juristiction).

Although Thai people are brought up with the notion that Thailand in the best place on earth, along with that they somehow have a massive inferiority complex, hence the need to spout this 'image of the country' stuff constantly.

Weird!

[trogers]

Probably due to the banks and finance companies tightening considerably credit lines for the purchase of homes and vehicles...

More liquidity from less new debts...