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Evaluating the Student Loan Fund of Thailand

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  • Tangkitvanich, Somkiat
  • Manasboonphempool, Areeya

Abstract

The Thai higher education sector has expanded quickly during the past decade, making a transition from an elitist to a mass institution. A driving force behind the expansion was believed to be the Student Loan Fund (SLF), introduced in 1996. During the first 10 years of its operation, the SLF has lent to more than 2.6 million students, with the loan value totaling $5.7 billion. However, there has been no systematic evaluation of the scheme. This paper provides a very first attempt to evaluate the SLF. We found that it had serious weaknesses in terms of loan screening; delay in loan disbursement and low collection rate. We also found that it failed to promote enrollment in higher education, except for students from poor households.

Suggested Citation

  • Tangkitvanich, Somkiat & Manasboonphempool, Areeya, 2010. "Evaluating the Student Loan Fund of Thailand," Economics of Education Review, Elsevier, vol. 29(5), pages 710-721, October.
  • Handle: RePEc:eee:ecoedu:v:29:y:2010:i:5:p:710-721
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    References listed on IDEAS

    as
    1. Ziderman, Adrian, 2002. "Financing student loans in Thailand: revolving fund or open-ended commitment?," Economics of Education Review, Elsevier, vol. 21(4), pages 367-380, August.
    2. Lee, Myoung-jae, 2005. "Micro-Econometrics for Policy, Program and Treatment Effects," OUP Catalogue, Oxford University Press, number 9780199267699.
    3. Vandenberghe, V. & Robin, S., 2004. "Evaluating the effectiveness of private education across countries: a comparison of methods," Labour Economics, Elsevier, vol. 11(4), pages 487-506, August.
    4. Rajeev H. Dehejia & Sadek Wahba, 2002. "Propensity Score-Matching Methods For Nonexperimental Causal Studies," The Review of Economics and Statistics, MIT Press, vol. 84(1), pages 151-161, February.
    5. Piruna Polsiri & Rangsit Sarachitti & Thitima Sitthipongpanich, 2008. "Thailand’s Student Loan Fund : An Analysis of Interest Rate Subsidies and Repayment Hardships," EABER Working Papers 21952, East Asian Bureau of Economic Research.
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    Cited by:

    1. Alvin Bomer & Xiaoguang Liu & Wanjiru Ruth Irungu & Wambui Ann Wanjiru, 2021. "How is Academic Performance Affected by Delay in Student Loan Disbursement in Kenyan Universities? A Case Study of Kenyatta University," Higher Education Studies, Canadian Center of Science and Education, vol. 11(1), pages 121-136, March.
    2. repec:got:cegedp:137 is not listed on IDEAS
    3. Schwager, Robert, 2012. "Student loans in a tiebout model of higher education," University of Göttingen Working Papers in Economics 137, University of Goettingen, Department of Economics.
    4. Guilherme Strifezzi Leal & Ã lvaro Choi, 2022. "Income-based scholarships and access to higher education," UB School of Economics Working Papers 2022/420, University of Barcelona School of Economics.

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