Do not reduce the Student Loan repayment threshold from £27,295.

Rejected 21 signatures

What the petition asks

The Student loan repayment threshold is currently set at £27,295 for students having borrowed from 2012 to pay University fees and living costs.
It has been proposed to reduce the repayment threshold to £23,000, and repayment increased to 40 years meaning lower earners repaying sooner and longer.

By lowering the Student loan repayment threshold, the lower earning population will once again be the people hardest hit. This coupled with the rising cost of living, and National Insurance increase as of April 2022 will result in a substantial reduction in take home wages.
Current rates are 9% over threshold.
For example, repayment on £30,000 would increase to £630 per year from £243.45 per year.
Those previously below the threshold could see hundreds per year now taken from their pay.

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 this petition calling for the same action:

Do not reduce earnings threshold for student loan repayments!
Do not reduce earnings threshold for student loan repayments!

Timeline

20 Oct 2021	Petition opened for signatures
25 Oct 2021	Rejected by the Petitions Committee

Key facts

Signatures 21

Status Rejected

Rejected 25 Oct 2021

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