This petition was submitted during the 2015-2017 parliament
Rejected petition stop the government selling the student loan book.
the government is proceeding with the sale of the student loan book at a massive loss. the previous sale was for 18% of the face value and caused massive problems for those concerned. if they can make that much of a loss why not write off the loans?
More details
the first sale of the loan book for pre 1998 loans was sold at 18% of face value, a huge loss. this first sale of loans to Erudio has been a complete disaster. the government promised no changes to the terms and conditions with this transfer, this has not been the case. the same assurances are being given for the future sales and this is not acceptable. the loans were given by the government and should be held by the government or written off, not sold off for the profit of the private sector.
This petition was rejected
Why was this petition rejected?
There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
https://petition.parliament.uk/petitions/183719
We only reject petitions that don’t meet the petition standards.