student loan debt settlement
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Some 30,000 ex-students face suit for loan default
UBON RATCHATHANI - About 30,000 former students face being sued for failing to repay their debts to the Student Loan Fund, the body's manager Prempracha Supasamout said Wednesday.
To prevent his, he said the fund would arrange for out-of-court settlements between August and November in Ubon Ratchathani, Chiang Rai, Phitsanulok, Lop Buri, Suphan Buri, Khon Kaen, Chanthaburi, Surat Thani and Songkhla.
Earlier this year the fund had set up the out-of-court settlement system which succeed in getting an initial 1,600 students to repay their loans, he said.
The first phase of repayments, from August 22 to 24, would be launched at Ubon Ratchathani Court, he said.
He urged students living in the vicinity to take the opportunity to negotiate repayments with officials to prevent court battles, to have a chance to repay their student loans within 9 years and quite possibly have their fines lowered.
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