THOUSANDS of applications have been submitted for the Tertiary Scholarship and Loans Scheme.
Tertiary Scholarship and Loans Board chairman Dixon Seeto confirmed this yesterday, saying it was too early to determine an exact number, but that there was a high number of applications.
"We were given a provisional number last week but that was before it closed, so we could have had a lot more that came in at the last minute," Mr Seeto said.
"So there's quite a lot of applications that we're dealing with and not only the new ones that run into the thousands, but we're also now administering the existing ones so there's quite a lot of work to be done."
The applications for the scheme officially closed on Friday and the vetting process to select recipients is well in progress.
"We are working as quickly as we can to sift through all the applications and to do the sorting out and the assessments and all that.
"We're doing this as soon as we can and with all haste because we don't want to keep the students waiting and we've been doing it progressively â€¦ there's a lot of work to be done."
Separately however, the Tertiary Education Loans Scheme (TELS) is still open for applications.
"TELS did not close on the January 10, it is extended until the institutions finalise their own work — such as universities and all that.
"TELS, which is the loans scheme, that's still open so if you're offered a place and you have over 250 marks, we will look at it."
Money for this scheme has been provided for in this year's budget.