Make the student loan system fairer for young people

Rejected 12 signatures

What the petition asks

Reverse the upcoming Plan 2 repayment threshold freeze, and restore it to the level it would be if it had risen each year with earnings growth as promised. Set student loan interest rates at CPI inflation, and reduce the repayment rate from 9% to 5%.

Successive governments have made retrospective changes to the Plan 2 loan terms. Repeated threshold freezes alongside high interest rates for Plan 2 loans mean many will pay back far more than they borrowed. These proposed changes will remove the unfair above-inflation interest as well as helping to address the high marginal tax rates which are disincentivising young people. The changes will also give young people more ability to invest into the economy and their futures.

Why it was rejected

There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.

We already have a number of petitions open on aspects of this same issue which you may wish to look at and perhaps sign:

Review and reform Plan 2 student loan repayment terms

Restore Plan 2 student loan repayment threshold increases from April 2026

Align Plan 2 student loan interest rates with Plan 5 (RPI only).

Timeline

10 Feb 2026	Petition opened for signatures
19 Mar 2026	Rejected by the Petitions Committee

Key facts

Signatures 12

Status Rejected

Rejected 19 Mar 2026

Follow this petition