Rejected petition STOP CHARGING INTEREST ON STUDENT LOANS WHILST THEY ARE STUDYING

This year the government changed the system for student loans so that whilst students are studying they are already being charged interest at inflation plus 3%. This is an unfair cost on top of the student loan debt which most students have no choice but to take on.

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This system encourages our well educated students to leave the country. This is at a time where we need to be encouraging further education in order to support this country’s infrastructure.

It has been brought in without consultation and many aren’t aware of the implications of this debt - for the Students Loan company it is a huge profit on students who don’t have any other choice.

We want this above inflation interest stopped and we want this referred to the Monopolies Commission.

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/161271

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

Date submitted 8 October 2016
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