The Chilean Treasury General of the Republic (TGR) has initiated a wave of administrative and judicial seizures targeting 1,340 debtors of the State-Guaranteed Student Credit (CAE). The enforcement actions, which began following the expiration of notification periods on April 6, focus exclusively on individuals with monthly incomes exceeding $5 million.
According to reports from Cooperativa and CNN Chile, the TGR is prioritizing the retention of financial assets. This includes the freezing of bank accounts, time deposits, and mutual funds, as well as the seizure of physical assets such as vehicles and real estate property. The TGR stated that this initial cohort represents a specific segment of high-income earners who, despite formal notification, failed to fulfill their repayment obligations.
Financial impact and repayment options
The TGR reported that its 2026 collection strategy has recovered more than $20 billion pesos to date. Data provided by the agency highlights a surge in compliance during April, with 7,500 new payment agreements finalized, contributing $8.4 billion to state coffers. Within the specific high-income bracket targeted for seizures, the government has already recovered $2.4 billion through partial or total payments made outside of established agreements.
For the broader population of CAE debtors earning less than $5 million per month, the TGR continues to offer alternative repayment plans. BioBioChile notes that since April 1, these debtors have been eligible to enter into monthly payment agreements. The structure of these agreements requires monthly installments to be calculated based on 10%, 15%, or 20% of the debtor's registered income, with a minimum floor of one UTM.
The TGR emphasized the scale of the broader recovery effort, noting that while the current seizure actions target 1,340 individuals, the total pool of CAE debtors exceeds half a million people, according to BioBioChile. The agency stated that this "initial stage of seizures is concentrated in a universe of 1,340 cases at the national level corresponding to the highest income segments who, having been duly notified, have not complied with their obligations."
Debtors seeking to check their current status can verify their debt standing on the TGR website using their ClaveÚnica. While the current enforcement action remains focused on the high-income threshold, the TGR continues to process applications for those seeking to regularize their debt through the established, lower-income payment tiers.
