Bangkok: The Student Loan Fund (SLF) has initiated a comprehensive recalculation of debt for 556,000 borrower accounts, with the updated debt balances set to be displayed on the SLF Connect application starting August 21, 2025. This move comes as part of an effort to comply with the Student Loan Fund Act of 2017 and its subsequent amendments.
According to Thai News Agency, the recalculation process follows the Student Loan Fund Board's announcement regarding necessary adjustments to the debt balance of student loan borrowers. The SLF has verified the accuracy of the recalculated debt for the first group of borrower accounts and will soon make the information accessible through the SLF Connect application.
Borrowers whose accounts reflect an excess payment over their adjusted debt are eligible to register for a refund via the SLF website. Meanwhile, those with outstanding debt can make payments through mobile banking by scanning a QR code, which provides a convenient payment option available at any time. Payments can also be made through other channels designated by the SLF, with the system designed to reduce the debt within three business days. More details are available at www.studentloan.or.th.
The SLF emphasized the importance of accuracy and thoroughness in the recalculation process, ensuring that borrowers can trust the displayed debt amounts. The organization reassures borrowers that their legal rights will remain intact throughout this recalibration process.