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
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:
You can find out more on the Treasury Committee's webpage:
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: