Remove/reduce the interest rates of student debts.

Rejected 16 signatures

What the petition asks

UK student national debt is a crisis waiting to happen, with a current 2.3% interest rate per year for students under 47k, with this rising to 5.3% after 47k, this interest rate is nearly 5x greater than the prior to 2012 interest rates which where fixed at 1.1%, making this loan impossible to pay.

With this in mind, I would like the government to discuss the removal of these impossible student loan interest rates, removing the interest rate and thereby making people only pay back what they owe. With the addition of allowing communities of people such as the Muslim community have access to University who may have avoided the loans due to the interest rates and their beliefs.

Why it was rejected

There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.

You may wish to sign some of these petitions:

Review and reform tuition fees and student loan interest and repayments: Review and reform tuition fees and student loan interest and repayments

Cut student loan's interest rate to properly reflect Bank of England's base rate: Cut student loan's interest rate to properly reflect Bank of England's base rate

Timeline

18 Jun 2020	Petition opened for signatures
3 Sep 2020	Rejected by the Petitions Committee

Key facts

Signatures 16

Status Rejected

Rejected 3 Sep 2020

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