Thailand's Education Loan Fund (กยศ.) faces a critical default crisis with 2.6 million borrowers (60% of 3.6 million debtors) failing to repay loans. The government has doubled the fund's budget from 5 billion to 9 billion baht for the 2570 fiscal year (effective Oct 1), but officials acknowledge the core challenge is not funding but debt collection. The minister indicates that recovering just 30–40% of delinquent loans would virtually eliminate the need for additional government subsidies, highlighting systemic management failures in borrower tracking and enforcement.