Petition Change student loan arrangements to reflect career success

The current arrangements reduce the incentive for students to achieve high-earning roles. Successful students see their debt increase every year until they are earning 4 x the average salary.
Lower earners may never repay anything. This situation cannot be justified.

More details

The interest on the debt should be fixed at the no more than half a percent above the Bank of England rate when the loan is issued. Repayment should then be taken from all earnings/income (with no lower limit) at a rate that would pay the interest charges and reduce the outstanding balance. If students never work then the loan should be collected by a small reduction in any benefits.

This petition is closed This petition ran for 6 months

10 signatures

Progress of the petition towards its next target: 10 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 18 June 2019
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