This petition was submitted during the 2015-2017 parliament
Rejected petition Re-assess the decision to freeze the student loan repayment threshold until 2021
In his Autumn statement, The Chancellor announced his decision to freeze the student loan repayment threshold for 5 years despite their own government consultation showing an 84% vote against the idea. This will leave graduates £2,800 worse off than expected when they first took out their loans.
More details
When the last government introduced top-up fees, it said the £21,000 threshold to pay back student loans would increase each year in line with average earnings. Now, this figure has been frozen, meaning graduates will end up paying back more; similar to a bank changing the T&Cs of your loan after you'd taken it out.
The Department for Business, Innovation and Skills revealed 84% of students consulted voted against the notion. To go ahead with these plans despite this would be undemocratic.
This petition was rejected
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https://petition.parliament.uk/petitions/110143
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