UK Parliament home

This petition was submitted during the 2017 to 2019 Parliament

View other petitions from this Parliament

Closed Urgently stop student loan sales which are happening now.

Closed on

Despite the student loans crisis, on 31st October 2017, Jo Johnson MP said he was going ahead with the sale of student loans. If the loan sales go ahead, students' interest and loan payments will end up in the pockets of private investors. This marketisation of education needs to be stopped.

Even though there are three unfinished government inquiries into student loans at the moment, Jo Johnson announced he was proceeding with the sale of student loans. Loan sales should be stopped until the inquiries are completed. Loan sales crystallize loan terms so it is difficult for students to benefit from improvements made to loan terms. Loan sales also expose the taxpayer and student borrowers to risk of footing the bill for warranties and indemnities for sale arrangers and investors.

45 signatures

Show on a map

10,000

Petition progress

View all updates for this petition, with the most recent first.

  • Petition closed

  • Petition published

    This petition can now be signed.

    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 17 May 2018.