Student loan applications reach record high

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The number of students applying for loans from the Student Loan Fund (SLF) rose to 837,000 for the 2024 academic year, a new record high attributed to the economic downturn.

He said some of these borrowers found under the new repayment order they had overpaid, which amounts to 2 billion baht that needs to be returned to them.

Regarding debt restructuring for SLF borrowers under the new SLF law, the penalty for late payment was reduced from 7.5% to 0.5%, while the requirement for a guarantor was removed and the order of debt repayment adjusted.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Interest Borrowers Chainarong Billion Year Loans Repayment Fund Debt Million Baht

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 04:38:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 541 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 22453276

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Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 15 posts per day

Year Established: 1946

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News Last Updated: 7 hours ago

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Publisher ID: #66

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