While Bt710 million will be extended to existing borrowers, the remaining Bt1.4 billion will be reserved for some 112,500 new borrowers, said Caretaker Education Minister Chaturon Chaisang.
The ministry earlier estimated that 204,000 students would seek a total of Bt3.6 billion from the loan scheme.
Chaturon said that the ministry would discuss with the Finance Ministry over additional funds, if more students turn up for such loans.