Bangkok, The Student Loan Fund enters into a debt restructuring agreement for 5,000 guarantors, releasing guarantors immediately from liability. Ready to withdraw the execution of all guarantors. Emphasize that everyone will have their legal rights. Mr. Chainarong Kajchapanan, Manager of the Student Loan Fund (SLF), has revealed that The Fund has opened for borrowers to register and make an appointment to enter into a debt restructuring contract. Since February 15, 2024, there are now more than 5,000 borrowers entering into contracts. After entering into a debt restructuring contract, the guarantor will be released from liability immediately. The Fund will withdraw the execution of all guarantors with whom the borrower has entered into a debt restructuring agreement. by borrowers who have the right to enter into debt restructuring agreements Including all groups of debtors who are in the process of paying installments. Set conditions for borrowers to repay the fund in monthly installments at the same rate e very month. Borrowers must make payments by the 5th of every month within 15 years and in the final payment. Borrowers must not be more than 65 years of age when the final debt payment is completed. The Fund will give a discount on all original penalties that were suspended. In the said debt restructuring The Fund rushed to help all groups of borrowers, especially those who have suffered legal action or enforcement, to have the opportunity to repay their debts according to the new contract. and to release the burden on all guarantors after the debt has been restructured. Borrowers can register for an appointment to enter into a debt restructuring contract on the website www.studentloan.or.th. It will be open for contract making every day, excluding holidays, from 9:00 a.m. - 8:00 p.m. For borrowers in various provinces The Fund will gradually proceed and announce via the Student Loan Fund website. The said debt restructuring It is expected that hundreds of thousands of borrowers will be able to return to re paying their debts as usual. Release the burden of the guarantor Including reducing the litigation/execution process. There will be money continuously coming back into the fund. and make money circulating to pass on educational opportunities to students and the next generation. Source: Thai News Agency