Petition · past parliament · Department for Education
Do not apply changes to terms & conditions to existing student loan agreements
Closed
229 signatures
What the petition asks
The government must not retroactively change the terms and conditions of existing students’ loans.
The repayment threshold (presently £27,295), the rate of repayment (presently 9%), the terms of the interest rate (RPI plus 3%) or anything else, shouldn't be changed contrary to students’ best interests.
If you go to a bank and get a loan, the terms of the loan are agreed at the beginning of the loan and the bank can't change those terms to suit itself after the contracts have been signed. So why should the government be able to change the terms of student loans at the expense of students?
If you go to a bank and get a loan, the terms of the loan are agreed at the beginning of the loan and the bank can't change those terms to suit itself after the contracts have been signed. So why should the government be able to change the terms of student loans at the expense of students?
Timeline
| 30 Sep 2021 | Petition opened for signatures |
| 30 Mar 2022 | Closed to new signatures |
Key facts
Signatures
229
Status
Closed
Department
Department for Education
Opened
30 Sep 2021
Closed
30 Mar 2022
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Source: the official petition page. Last checked 15 Jul 2026.