Board for resolving debt of small people Green light to approve guidelines for reducing student loan debt. The first group calculates the new debt balance for the entire system. Choose a method to write off principal to debtors. Before deducting the interest adjustment amount Initially, 86,000 group of debtors will be sued by 2023.
Mr. Kittirat Na Ranong, Chief Advisor to the Prime Minister As the chairman of the committee overseeing the resolution of debt for small people, he revealed that the first meeting of the committee approved guidelines for solving the debt problem of the Student Loan Fund (SLF), by calculating the debt burden of debtors with live in the new present To be in accordance with the Student Loan Fund Act (No. 2) B.E. 2023, which is effective. Since March 20, 2023
“Solving the debt problem of the Student Loan Fund Group. will be the first group to receive assistance From now on, we will continue to expand assistance to other groups of debtors to cover the entire system,” Mr. Kittirat stated.
Mr. Lawan Saengsanit, Permanent Secretary of the Ministry of Finance, said that according to the new law, there will be a new calculation of the debt burden of student loan debtors by adjusting the order of debt amortization. From the beginning, when the debtor had already paid the debt in installments. The interest amount for default payments will be deducted first. New interest and principal, but the new round of calculation will be adjusted in order, starting with the deduction of principal first. Then the new interest is deducted. and default interest causing the principal to decrease faster than before
For this new debt calculation, it will cover approximately 3.5 million debtors who still have debtor status of the Student Loan Fund after the Student Loan Fund Act (No. 2) B.E. 2023. Effective on March 20, 2023, the calculation will start over from the first day the debt is paid to the Student Loan Fund.
“Debtors who have already paid in installments When recalculating There will be a clear reduction in debt burden. As for some debtors who are still paying their installments, they haven’t finished yet. When recalculating, you may be able to pay off debt and close your debt immediately. But what needs to be looked at further after the new law comes out is the group of debtors whose balances have already been closed. The Student Loan Fund will follow up and calculate the debt amount as well.”
Mr. Lawan said that in the operational process, the Student Loan Fund will prepare a calculation system to be completed within 5 months from now. But the meeting considered that it was too long. Therefore, we request that the system be made simple. or calculated with previous creditors To speed up the calculation of debt balances for debtors in distress. And there are urgent needs in 2 groups as follows:
Debtors who have been sued and are in the process of the Legal Execution Department, amounting to 46,000 people, will begin to complete this in December 2023. Debtors whose statute of limitations will expire in March 2024, in the amount of 40,000 people, will be able to restructure their debts with the Student Loan Fund.
“If the calculation is so fast that both groups are finished, but the system is not ready yet. Officials will speed up the calculation of other student loan debtors to calculate the new debt amount for this group as well. This will be good news and a New Year’s gift to all student loan debtors.”
Mr. Chainarong Kajchapanan, manager of the Student Loan Fund (SLF), said that all debtors will receive legal benefits. which has debtor status Since the Student Loan Fund Act The new version is effective. while the existing guarantor When the debtor has restructured its debt will be released from the guarantee obligation immediately Starting with a pilot project for debtors in Bangkok first. and expand to the next region
2023-11-14 09:17:00
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