Prachachat Party: Clear Debt with a 10% Principal Payment
The Prachachat Party has proposed a policy to “clear SLF debt,” focusing on fairness and unlocking the potential of young people. The main proposal allows borrowers to settle their debt by paying just 10% of the principal, with the rest of the debt (including interest and penalties) being waived. This would also involve clearing their credit history, withdrawing lawsuits, and ending legal actions, offering borrowers financial freedom.
The party views education as a fundamental right and government investment, not a burden to be borne by the public. It also suggests an alternative debt-clearance option through work, allowing borrowers to engage in local development or…