The Senate will today consider whether to accept a controversial bill seeking to amend the Student Loan Fund (SLF) Act to waive loan interest and cancel fines against defaulters at its first reading.
Senator Somchai Harnhiran, who heads a Senate committee on economic and financial affairs studying the bill, said the measure has some merits such as allowing the SLF committee to offer help to cash-strapped borrowers or graduates who remain jobless.
But the committee disagreed with the proposal to cancel loan interest and fines as it would lead to a lack of financial discipline and impose a burden on state coffers, he said.
