Student Loan Fund or known as “กยศ.”in Thai was first found in 1995 following the cabinet resolution. It is under the supervision of the Ministry of Finance. The purpose is to provide loans forstudents whose families are having financial problems andunable to pay for tuition fees, educational fees and living fees duringstudying.
Student Loan is a current fund that provides educational opportunities for as ustainable, prosperous and sustainable future, that means those who got the loans first will have to repay for those in need in the next generation. This loan is essential for the students in countryside with less chance to continue studying. The educational institutions are taking a principle role to help publicize the student loan news to their students. The students themselves also need to take care of the whole process until they get approval. The students who want to apply for student loan need to access to e-Studentloan online system to read about how to apply, requirements and the key dates for registration.
Student loan is also a solution for parents to not rely on non-standard loan to get money for their children. However, the responsibility will be left to the children to teach them that nothing comes easily, once they graduate and start their first job, they will have to repay the student loan by installments. Good thing isthat if they never miss repayment, when closing the account, they will get 3% discount for their principle.
It is certain that student loan has so far improved Thai education system and increased the opportunity for the students who face financial situation. This kind of loan is a must when others are still controversial because the borrowers who reach the legal age can still manage their financial situation without getting loan. Offering students loan to focus on studying is better than letting them uneducated to try something off the track. Last but not least, students who apply for this loan should be taught to always haveself-discipline to not spend the loan on lavish expenses in their age.