Student Fund targets Bt34 billion in new loans

[snoop1130]

Student Fund targets Bt34 billion in new loans

By THE NATION

 

 

The Student Loan Fund is targeting fresh loans of Bt34 billion to both new and previous students, although debt payments this year have tended to decrease from the expected Bt32 billion to around Bt20 billion, manager Chainarong Katchapanan said.

 

More than Bt10 million has so far been repayed to the fund this year, decreasing by 10 per cent from the same period last year, Chainarong said, adding that total payment this year would be lower than the targeted rate as numerous borrowers have been affected financially by the Covid-19 crisis.

 

Chainarong said the fund this year would expand borrowing opportunities for students whose families’ yearly revenue is Bt360,000 or lower, instead of Bt20,000 as before.

 

Source: https://www.nationthailand.com/news/30388866

 

-- © Copyright The Nation Thailand 2020-06-01

 

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[Venom]

Opportunity to go into debt? 

[Grumpy one]

How many of these student loans will ever be repaid?

[ChipButty]

Most of these students are up to their eyes in debt already

[worgeordie]

16 hours ago, snoop1130 said:

although debt payments this year have tended to decrease from the expected Bt32 billion to around Bt20 billion, manager Chainarong Katchapanan said.

"More than Bt10 million has so far been repayed to the fund this year,"

Millions and Billions ! , they are hoping 20 Billion Baht will be repaid this

year, we are already into the 6 month and only 10 MILLION Baht has been

paid,BUT the want to give out more loans.....crazy.

Maybe they need more Thai students to study economics.

regards Worgeordie

Edited June 2, 2020 by worgeordie