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Bangkok Post
Bangkok Post
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Show sense in loan saga

The plight of a school director who -- as a loan guarantor -- is held responsible for her former students' unpaid debts has captured the attention of the nation.

Wipha Banyen, director of a Kamphaeng Phet-based school, guaranteed study loans under the Student Loan Fund (SLF) for 60 students between 1989-1999.

However, only half the students paid back the debts, and she was left to fork out nearly 1 million baht to make up the shortfall.

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