Petition · Department for Education
Make income threshold for student loan repayments £60,000 and charge no interest
Closed
55 signatures
What the petition asks
We propose the following change: Base repayments above £60,000 income are solely on the capital loan balance, charging no interest, allowing faster debt repayment and saving people that graduated after 1998 thousands.
In 1998, the government introduced interest on student loans repayments. Before this, student loans were interest-free in real terms. For a graduate in 2022, the average student debt is £44,940, with interest accruing from the moment the loan is issued. Currently, most graduates are on Plan 2, where repayments begin once they earn above £27,295 per year. Above this threshold, a fixed percentage of income is deducted to repay the loan. However, there is no cap on the interest.
Timeline
| 25 Feb 2025 | Petition opened for signatures |
| 25 Aug 2025 | Closed to new signatures |
Key facts
Signatures
55
Status
Closed
Department
Department for Education
Opened
25 Feb 2025
Closed
25 Aug 2025
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Source: the official petition page. Last checked 18 Aug 2026.