Ajarn Forum - Living and Teaching In Thailand - View Single Post - Farang EFL teachers' salaries totally unrelated to Thais

Covertjay · 2nd February 2005, 08:57

Thai teachers are in massive debt..............

1.6.4 Teachers' Debt Situation

A large number of teachers in Thailand have had financial difficulties due to the minimal salary received which cannot match their living expenses. A survey on debt situation of teachers under the Ministry of Education conducted in September 1996 shows that 507,607 teachers (86.1% of total teachers) were in debt for many types of loans. The total teachers' debts in the formal system amounted to 81,162 million baht. The sources of their loans were such as Teachers Savings Union, commercial banks, financial institutions and other financial service institutions.

The two major causes of teachers' debts were, firstly, to buy cars or electrical appliances (30.6%), and secondly, to pay for daily living expenses (24.4%).

To help alleviating the teachers' debt problem, the Teachers Civil Service Commission has set up a revolving fund with a purpose to promote debt relief for teachers under the Ministry of Education. The fund provides loans with low interest rates which can help the teachers to pay for their previous debts with higher interest rates. This fund is expected to help boost the morale of teachers so that they can perform more efficiently, resulting in more effective teaching and learning.

In 1999, the number of teachers who were in debt was decreased. There were 378,058 teachers (78% of total teachers) in the formal debt system. However, the total amount of debts was increased to 95,361 million baht. Although surveys on teachers' debt in the informal sector were very limited due mainly to limited information revealed by the teachers themselves, it was estimated that in 1999, teachers' debts in the informal sector was totaled to 6,280 million baht.

2nd February 2005, 08:57	#12 (permalink)
Covertjay Covertjay is..... Senior Member Join Date: Nov 2004 Location: BKK A OK Posts: 5,287 vCash: 500 Rep Power: 73	Thai teachers are in massive debt.............. 1.6.4 Teachers' Debt Situation A large number of teachers in Thailand have had financial difficulties due to the minimal salary received which cannot match their living expenses. A survey on debt situation of teachers under the Ministry of Education conducted in September 1996 shows that 507,607 teachers (86.1% of total teachers) were in debt for many types of loans. The total teachers' debts in the formal system amounted to 81,162 million baht. The sources of their loans were such as Teachers Savings Union, commercial banks, financial institutions and other financial service institutions. The two major causes of teachers' debts were, firstly, to buy cars or electrical appliances (30.6%), and secondly, to pay for daily living expenses (24.4%). To help alleviating the teachers' debt problem, the Teachers Civil Service Commission has set up a revolving fund with a purpose to promote debt relief for teachers under the Ministry of Education. The fund provides loans with low interest rates which can help the teachers to pay for their previous debts with higher interest rates. This fund is expected to help boost the morale of teachers so that they can perform more efficiently, resulting in more effective teaching and learning. In 1999, the number of teachers who were in debt was decreased. There were 378,058 teachers (78% of total teachers) in the formal debt system. However, the total amount of debts was increased to 95,361 million baht. Although surveys on teachers' debt in the informal sector were very limited due mainly to limited information revealed by the teachers themselves, it was estimated that in 1999, teachers' debts in the informal sector was totaled to 6,280 million baht. __________________ "Kiwis that move to Australia raise the I.Q of both countries" David Lange.