Closed petition Reduce student loan interest to an affordable 1% over base rate.

With the current punitive and profiteering rate of RPI + 3% typical loans of £50k require a salary of £55k pa just to pay the £3,000 interest. The rate charged is excessive and leaves a lifetime millstone for most graduate leavers. Give the majority an attainable goal and a sense of hope!

This petition is closed All petitions run for 6 months

1,367 signatures

10,000

Other parliamentary business

MPs investigate student loans

A cross-party group of MPs called the Treasury Committee are investigating student loans.

They are looking at recent changes to the student loan system including:

• the repayment threshold
• interest rates
• tuition fees
• university finances 

 
On Wednesday 18 October at 2.45pm they asked academics about:

• the impact of student loans on public finances and students
• whether fees mean that there is a 'market' for higher education 

 
You can watch the session here:
http://www.parliamentlive.tv/Event/Index/2f85d27f-54ba-4ac0-9890-8c8e8dd3fee9
 
You can find out more on the Treasury Committee's webpage:
http://www.parliament.uk/business/committees/committees-a-z/commons-select/treasury-committee/inquiries1/parliament-2017/student-loans-17-19/
 
You can follow the Treasury Committee on Twitter for updates: @CommonsTreasury
 
What is the Treasury Committee?
 
The Treasury Committee looks at and questions how the Treasury:

• is run
• spends money
• decides on its policies

It's a cross-party committee of MPs and is independent of the Government.
  
You can find out more about Treasury Committee on its website: http://www.parliament.uk/business/committees/committees-a-z/commons-select/treasury-committee/
 
This is a ‘select committee’. Find out how Select Committees work:
https://www.youtube.com/watch?v=o_2RDuDs44c