Officials from Higher Education Students Loan and Grants Board are upbeat they would collect a debt of K1.7 billion from former students.
The board’s executive director Chris Chisoni told a television station that the K1.7 billion would help the board help 10000 more students from the current number of 5000.
“Paying back the loan is the necessity for us to turn around the tables and help more students. The number of needy students is growing steadily,” said Chisoni.
Chisoni said the board will do all it can to recover the money so as to help more students.
“If you ask students union representatives, they will tell you how dire the situation is,” he said.
Chisoni said the board wants to put at least 15000 students on the loan scheme.
The issue has ignited heated debate on social media as former students of the University of Malawi say they had always wanted to pay back the money but the government did not have modalities and mechanisms on how to receive the money.
Most of the former students say they owe the government K60000 each, an amount they can pay just once.
Chisoni said the board might be forced to publish names of those failing to pay in newspapers.
However some people say the board might not be able to collect all the money because of deaths.