The state will go to solve the debt of teachers in the department of education. Ready to lend 40 billion to help students.

Government and Ministry of Education Prepare a solution planteacher debtAnd personnel in the whole system. On the KU level, ready to lend 40 billion to 7 hundred thousand students to borrow without a guarantor.

On October 3, 2021, Ms. Ratchada Thanadirek, Deputy Spokesperson for the Prime Minister’s Office revealed that Gen. Prayut Chan-o-cha, Prime Minister and Minister of Defense Concerned about the situation of debt problems of teachers and educational personnel Currently, about 900,000 teachers are found across the country, representing 80%, with a total debt of 1.4 trillion baht, with the largest creditor being the Teacher Savings Cooperative with a credit limit of 8.9 billion baht, accounting for 64%, followed by the Government Savings Bank with a total amount of 3.49 billion baht. accounted for 25%

The Prime Minister instructed the Ministry of Education Expedite ways to solve the problem of teacher and personnel debt in a sustainable way. Including the Education Loan Fund (KKU) to prepare a credit line for students and students to access money sources for expenses in the academic year 2021, which the Ministry of Education has prepared a plan to solve the debt of teachers and educational personnel both system already The first phase will be implemented in 3 plans as follows:

Plan 1 Project to solve the debt problems for teachers and education personnel using the model teacher savings cooperative as the base to perform troubleshootingteacher debtTogether with 12 model teacher savings cooperatives in 4 regions, 3 in each region, working with all government specialized financial institutions. and government agencies under the Ministry of Education in provincial areas within October, including expanding the operation results to teacher savings cooperatives across the country that are ready from November 2021 onwards

Plan 2 Debt Resolution Committee for Government Teachers and Educational Personnel of the Ministry of Education Negotiate with financial institutions to resolve the issue of the teacher being sued. along with the guarantor’s solution and reducing the interest rate on loans since September 2021 by having joint actions to solve problems at the provincial level in debt restructuring between teachers savings cooperative financial institution and government agencies under the Ministry of Education at the provincial level

Plan 3 Training to develop teachers and educational personnel to have knowledge in planning and creating financial discipline and saving. The goal is to train 100,000 people per year, starting the first training session between October 1-15, 2021 through the online system Deep Center, Ministry of Education.

In addition, lessons were taken to solve the debt problems for teachers and education personnel from 2 sample cooperatives, Samut Prakan Teachers Savings Cooperative Limited and Kamphaeng Phet Teachers Savings Cooperative Limited. ” and “Debt Restructuring”, lowering the deposit rate of savings cooperatives to less than 3%, reducing the interest rate on loans for cooperatives and financial institutions to be in line with low-risk loans by 4.5-5% Restructuring Debt, for example, consolidating debt from all financial institutions into teacher savings cooperatives or state specialized financial institutions, providing low-interest loans to teachers savings cooperatives. Restructuring the debt of teachers before retirement age 50 years and over and reducing interest on loans for teachers 75 years and older from 0.25-0.50%, etc.

As for helping students and students with loans, the KU expands the lending limit for the academic year 2021 from 38,587 million baht for 6.2 hundred thousand borrowers to 40 billion baht for 700,000 borrowers to help alleviate various impacts for students. Students, parents who have suffered from the Covid-19 situation By extending the time for applying for loans for the first semester of the academic year 2021 until October 31, 2021 Students can apply for loans via mobile phones with the KU Connect application or via www.studentloan.or.th. without having to have a guarantor to enter into a new loan agreement

“Solving debt problems for teachers and educational personnel is a matter General Prayut attach great importance Previously appointed Deputy Prime Minister Mr. Supattanapong Punmeechaow is the head of the working group to systematically solve teacher debt problems. both reducing expenses, increasing savings and not incurring more debt including preventing new teachers from must also be caught in the debt cycle trap. and on student loans confirm that the fund The EDUC has enough loans for students, and students have the opportunity to continue their studies.”.