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1 million students to have their pay deducted to service loans

1 million students to have their pay deducted to service loans

13 Sept 08:21 Key points summarised by AI
  • The Student Loan Fund Office plans to deduct salaries from approximately one million government officials and private company employees who have defaulted on student loan repayments.
  • Salary deductions, ranging from 100-300 baht monthly, will commence this month for officials in the Comptroller Department, expanding to all state agencies by October, and large corporations next year.
  • This measure targets two million defaulters among the five million students who have collectively received 500 billion baht in loans from the fund.
  • The office will temporarily suspend asset seizure for Ms. Vipa Banyen, a teacher who guaranteed loans for 21 students, allowing the student-debtors to settle their outstanding debts directly with the fund.
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