New measure to deal with Student Loan Fund debtors

 

 

BANGKOK: -- Students who took out loans from the government’s Student Loan Fund and are now employed in government service or in private sector will, from now on, will have their monthly pay deducted at a certain amount by their employers and returned to the Fund through the Revenue Department.

 

Employers of government and private sectors are duty-bound to deduct the loan instalment from the monthly salaries of their employees who are debtors to the Fund under the revised Student Loan Fund Act which has become enforceable since its publication in the Royal Gazette on January 27.

 

According to the revised law, employers are required to bring the loan instalments they deducted from their employees who are debtors to the Fund to their respective revenue offices in the same way as they do with income taxes.

 

Full story: http://englishnews.thaipbs.or.th/new-measure-deal-student-loan-fund-debtors/

 

-- © Copyright Thai PBS 2017-01-31

Start with that Well Educated  (A Thai Well known Medical /Dental  University) Dentist in the East of coast of the USA, who defaulted on her loans and her co-signers were left holding the bag.

this has been going on for years in the real world where they garnish your wages