Petition · past parliament · Department for Education
Reduce interest on ALL extant student loans to zero
Closed
102 signatures
What the petition asks
Mortgage interest rates have been historically low since 2008. The Bank of England base rate is approaching zero. There is no excuse for charging almost 6%.
The marginal rate of tax for a higher rate taxpayer with student loan repayments is higher than for the highest earners with no student debt.
To address the intergenerational wealth & income disparity that has been unjustifiable & unsustainable.
To show goodwill towards the young who will bear the lion's share of the enormous future debt as a result of COVID-19.
To encourage them to hope for a better future.
To address the intergenerational wealth & income disparity that has been unjustifiable & unsustainable.
To show goodwill towards the young who will bear the lion's share of the enormous future debt as a result of COVID-19.
To encourage them to hope for a better future.
Timeline
| 15 Dec 2020 | Petition opened for signatures |
| 15 Jun 2021 | Closed to new signatures |
Key facts
Signatures
102
Status
Closed
Department
Department for Education
Opened
15 Dec 2020
Closed
15 Jun 2021
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Source: the official petition page. Last checked 15 Jul 2026.