Petition
Reduce Student Loan Plan 2 interest rate to be that of Plans 1, 4 & 5.
Rejected
9 signatures
What the petition asks
Reduce Student Loan Plan 2 interest rate to be the same as that paid by students on Plans 1, 4 & 5. This would reduce the interest rate to 3.2%, from 6.2%.
We think that this will permit younger people to be able to repay their loans to the UK Government, reducing the overall national debt. In addition, this will empower the financial freedom of those on Plan 2 (c.640,000 people), and combat current challenges they face, such as the graduate labour market and astronomical housing costs, in turn boosting the UK economy.
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 which calls for a similar action: Align Plan 2 student loan interest rates with Plan 5 (RPI only).
Timeline
| 8 Feb 2026 | Petition opened for signatures |
| 23 Mar 2026 | Rejected by the Petitions Committee |
Key facts
Signatures
9
Status
Rejected
Rejected
23 Mar 2026
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Source: the official petition page. Last checked 31 Aug 2026.