Student Loan Fund to expand lending due to Covid-19 crisis
The Student Loan Fund (SLF) plans to increase its loan budget for academic year 2020 from Bt34 billion to Bt37 billion to help students and parents during the Covid-19 situation, and expects up to 650,000 borrowers.
“The SLF has also adjusted the eligibility of borrowers from those having annual earnings not exceeding Bt200,000 to not exceeding Bt360,000 so that wider groups of parents can apply for loans for their children,” said SLF manager Chainarong Katchapanan. “Also, all borrowers will be granted an additional cost of living allowance at Bt600 per month.”
The Nation Reporter
