Recalculation leads to dip in SLF's debt

Quick Summary:

A new method for calculating debt has resulted in a reduction of the Student Loan Fund's (SLF) debts by 56 billion baht, according to the Finance Ministry.

The SLF began providing educational loans in 1996 and, to date, 6.8 million students have borrowed a total of over 770 billion baht.

Mr Chainarong said 39% of over 6 million debtors are currently in default, with principal debts totalling about 96 billion baht.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Million Cases Billion Debtors Total Baht Enforcement Debt Method Penalty Affecting

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-20 @ 04:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 600 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21688362

View Article Analysis

About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 11 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 20 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

Publisher Details

Frequently Asked Questions