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BANGKOK 23 March 2019 20:36
webfact

Angry and deep in debt, teachers demand Thai govt step in

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A lot of blame for teachers here, and possibly rightly so. I don't know enough about teacher salaries, but what kind of salary are they on?

 

I think teachers should not be paid an amount that means they are only surviving. It is supposed to be a professional and responsible job and they should be paid enough that they can live and have some money left over for saving, spending as they like.

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My Thai sister in law is a teacher at a Govt school and it is incredible how many of her colleagues are in serious debt.

The ease at which they obtain these loans is amazing but then again nearly all of then have new cars, the latest iPad and iPhone so it must be worth it......just a shame when the time comes to pay up I guess.

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My Thai sister in law is a teacher at a Govt school and it is incredible how many of her colleagues are in serious debt.

The ease at which they obtain these loans is amazing but then again nearly all of then have new cars, the latest iPad and iPhone so it must be worth it......just a shame when the time comes to pay up I guess.

I have heard of stories that even teachers that cannot Drive, buy new cars just so they can sit in the forecourt of the houses (that they also cannot afford).

 

 

Sent from my iPhone using Tapatalk

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5 hours ago, webfact said:

Teacher Auychai Watha said for the past seven years he had paid a monthly instalment of over Bt7,000 to repay the Bt1.2 million he had borrowed. Though the capital amount owed had been reduced by Bt100,000, it left him still owing Bt1.1 million.

Seems about right. If the interest is 6%, interest payment will be 72.000 baht a year. He is only paying 84,000 baht a year. So he pays off about 12,000 a year of the original debt each year for 7 years, a total of 84.000 (As the loan slowly reduces, actually slightly more, but under 100,000 paid off for sure). As said, stupid to borrow that much and expect it to magically disappear in a few years.  Banks also to blame, they should TELL a borrower how long it would take to pay off, and not give him a long term loan if it would take him past 65 years old. It is disturbing that such short sighted people are teaching kids .

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Teachers go to the GSB for a cheap loan on a reduced interest payment plan so they can ride around in a "red plate" car to show the world how good they are,& and then cry when they can't pay it back!!

They walk around like uniformed gods looking down on ordinary people, while they play the Hi-so status game

not forgetting teachers pay less income tax than other mere mortals so they get to keep more of their salary

and still complain !!!!

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If you can afford to repay the 6% interest rate you wouldn't actually need the loan anyway. You would likely pay it in full to save yourself money. The banks lend money to people who can't afford their ridiculous repayment schemes. I feel sorry for the teachers as this will no doubt be impacting their lives significantly while the bank owners count their billions made from mostly poor people.

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Teachers raise this every 5/10 years. No self control, appalling greed, and a dreadful example to their pupils.

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5 hours ago, stanleycoin said:

Typical Thai behaviour.

Not wanting to take responsibility for there actions. :coffee1:

 

These are school teachers !!!!!!!!!!!!!!!!!!!!!

The Thai education system in its full glory. 

Kids have no chance, with roll models like this. 

Their actions

Role models

I could not resist it given the criticism of Thai education.

 

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6 hours ago, stanleycoin said:

Typical Thai behaviour.

Not wanting to take responsibility for there actions. :coffee1:

 

These are school teachers !!!!!!!!!!!!!!!!!!!!!

The Thai education system in its full glory. 

Kids have no chance, with roll models like this. 

The kids (students) learn fast:

 

http://englishnews.thaipbs.or.th/60000-student-loan-recipients-government-service-warned-may-lose-jobs/

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4 hours ago, baboon said:

But, but how can any human being possibly survive without this year's phone and a vehicle that could transport a battalion of marines across the Mekong Delta? 

The " just emerged from the Mekong Delta look" can be achieved quite economically in fact.

1. Purchase a 20 odd year old Mazda Pick Up. (the ones with the Isuzu 2500cc engine - virtually indestructible).

 

2. Let the brother in law borrow it for the farm - this will produce various minor inexplicable dents.

 

3. Live 300 metres down a dirt track in the rainy season.

 

4. That only leaves the interior - take your 13 year old daughter to school/singing lessons/guitar lessons every day. This will ensure an authentic battle stressed appearance!

 

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It seems the teachers are walking in the footsteps of many of Thailand's farmers, making stupid financial decisions and then blaming everyone but themselves, staging protests to get someone else to clean up their mess.

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