The number of borrowers repaying debt to the Student Loan Fund declined from September to November as some people chose to wait for the amended version of the law regarding lower interest rates and default fines, says fund manager Chainarong Katchapanan.
He said from Sept 15 to Nov 30, when there was a movement to amend the Student Loan Fund Act, borrowers repaying debt directly to the fund paid 2.07 billion baht, down 28% year-on-year.
Borrowers who have their employers repay such debt to the fund from their salary paid 4.58 billion baht to the fund, a similar level from the same period last year.
