Student Loan Fund set to give bright students boost

Student Loans Fund (SLF) is creating a new financial package for whizkids, according to the fund's manager, Chainarong Katchapanan.

He said the so-called "Gifted Student Fund" will be introduced because the Education Ministry wants to extend more help to various groups of students.

The fund will have some conditions, Mr Chai-narong said. 

Among them is that the combined income of the parents does not exceed 200,000 baht per year.

Furthermore, the fund will be available to bright children in certain areas, he said without explaining.

Funding will be given to talent in certain fields that the country needs more of such as engineering and medicine.

The Gifted Student Fund has been made possible because SLF has managed to collect more revenue from outstanding loans recently, Mr Chainarong said.

He said parents will see more funding for students when the SLF collects more money.

"By the end of this year, loan repayments are expected to reach 30 billion baht, and revenue tends to increase as years go by, which means the fund can keep on paying because its financially healthy," the director said. The fund is able to provide loans to 600,000 students, up from 100,000 last year, he said.

He said the ministry has introduced ways to make it easier for students to repay their debts.

One is cooperation from employers in both private and public sectors to deduct debt payments from the salaries of employees who still owe on their loans.

 

 

Sources : https://www.bangkokpost.com/thailand/general/1747849/student-loan-fund-set-to-give-bright-students-boost

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