Rejected petition Remove/reduce the interest rates of student debts.

UK student national debt is a crisis waiting to happen, with a current 2.3% interest rate per year for students under 47k, with this rising to 5.3% after 47k, this interest rate is nearly 5x greater than the prior to 2012 interest rates which where fixed at 1.1%, making this loan impossible to pay.

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With this in mind, I would like the government to discuss the removal of these impossible student loan interest rates, removing the interest rate and thereby making people only pay back what they owe. With the addition of allowing communities of people such as the Muslim community have access to University who may have avoided the loans due to the interest rates and their beliefs.

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.

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You may wish to sign some of these petitions:

Review and reform tuition fees and student loan interest and repayments: https://petition.parliament.uk/petitions/330325

Cut student loan's interest rate to properly reflect Bank of England's base rate: https://petition.parliament.uk/petitions/309558

We only reject petitions that don’t meet the petition standards.

Date submitted 18 June 2020
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