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Indebted students advised to apply for refinancing instead of defaulting on repayments

Indebted students advised to apply for refinancing instead of defaulting on repayments

23 Sept 06:37 Key points summarised by AI
  • Thai authorities strongly advise student debtors to opt for refinancing to avoid legal repercussions, addressing the significant number of defaults, largely due to COVID-19's economic impact.
  • The Rights and Liberties Protection Department and Student Loan Fund will host a December session to facilitate refinancing discussions, warning that avoiding repayment can lead to lawsuits and asset confiscation.
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