The Student Loan Fund (SLF) stands to lose up to 6 billion baht per year if the law regulating it is amended to waive loan interest and cancel fines against defaulters, according to the SLF.
The bill to amend the SLF Act cleared the House last month and has now been sent to the Senate for deliberation. Critics say the legislation, sponsored by the Bhumjaithai Party, damages people's financial discipline and undermines the SLF's liquidity.
The SLF bill was among 12 pieces of legislation the party forwarded to parliament on Sept 12, 2019. SLF manager Chainarong Katchapanan yesterday expressed concern over the proposed cancellation of interests and fines, saying the bill should prioritise the security of the fund as a whole.
