About 5000 applications have already been received by the Tertiary Scholarships and Loans Board.
Board co-ordinator Senimili Kamikamica said they began processing applications yesterday after the PSC and the i-Taukei Affairs Board handed over applications received late last year.
"These processed applications are both for the National Toppers Scheme and Tertiary Education Loans Scheme and this doesn't mean we have closed applications already," Ms Kamikamica said.
"Since applications for the national toppers close this Friday, we expect to name the 600 in a week's time.
"The loan scheme will be closed according to the institution deadline on payment of fees and enrolment deadlines."
Members of the public have also been encouraged to go online at www.tslb.com.fj to apply.
"They should keep in mind that when they submit their applications for loan scheme, they should submit their offer letter from those qualifying institutions."
Meanwhile, the top 600 students who qualify for the National Toppers Scheme will choose from certain priority areas of study the state has set out.
These areas of study includes tourism, engineering, mining and milling, commerce studies, medicine and health, agriculture, fisheries and forestry, teacher training, land and town planning, social sciences, technology and special areas of high priority in diploma and certificate levels.