EMPLOYERS of former students with outstanding loans will face demands starting in June to garnish the wages of their employees for outstanding sums related to the Student Loan Fund. Deductions are possible under the Student Loan Fund BE 2560, which came into effect last year. The Student Loan Fund has already taken legal actions against 1.2 million loan recipients for defaulting, Chainarong said. The Student Loan Fund offers more generous conditions than a typical bank loan. The Student Loan Fund is now communicating with various organisations, including the Federation of Thai Industries and the Thai Chamber of Commerce, so that they better understand student loan repayment conditions.

Source: The Nation Bangkok February 18, 2018 19:52 UTC