To increase access to universities by lower income people, Thaksin initiated the Student Loan Fund (SLF) and Income Contingency Loan (ICL) programs. He initiated the ICL program to increase access to higher education, whereby needy students could secure a loan to support their studies from vocational to university levels. Thai banks had traditionally not given educational loans. The ICL, however, required recipients to start repayments when their salaries reached 16,000 baht a month, with interest equivalent to inflation from the day the loan was granted. The SLF had an eligibility limit on family income, but interest was 1 per cent starting a year after graduation. The programs were merged and the income limit modified after Thaksin's government was overthrown.