Petition · past parliament
Fully regulate Student Loans Company, with reform of the repayment process.
Closed
96 signatures
What the petition asks
Many graduates have been left thousands of pounds short by an administrative process that is not fit for purpose. This petition calls on the Government to reform the repayment process and regulate Student Loans Company in line with retail lenders.
Graduates leave education with thousands of pounds worth of debt that is repaid via their payslips. The money is collected by HMRC and passed to Student Loans Company annually to be credited to the outstanding balance.
Current arrangements mean that money is frequently not credited to the loan, despite being paid by the graduate. This means it can take longer to repay a student loan, while interest is accrued.
HMRC and SLC do not to have mechanisms to check/rectify mistakes in a timely manner.
Current arrangements mean that money is frequently not credited to the loan, despite being paid by the graduate. This means it can take longer to repay a student loan, while interest is accrued.
HMRC and SLC do not to have mechanisms to check/rectify mistakes in a timely manner.
Timeline
| 18 Jul 2016 | Petition opened for signatures |
| 18 Jan 2017 | Closed to new signatures |
Key facts
Signatures
96
Status
Closed
Opened
18 Jul 2016
Closed
18 Jan 2017
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Source: the official petition page. Last checked 15 Jul 2026.