Rejected petition Keep the student loan book in public ownership

The government has resumed the sale of part of the stock of student loans owed by English students and graduates.The sell-off will result in taxpayers losing money and hinder action to tackle runaway student debt. We call on the government to halt the sale and to keep the student loan book public.

More details

Loans taken out between 1998 and 2001 are under offer, and further sales planned. The current sale is expected to make an £800m loss for taxpayers [1]. Furthermore, this and future sales will severely limit the scope for government action on the student debt bubble such as cancelling outstanding debts or improving loan terms and conditions [2].

[1] See: https://www.ft.com/content/726e3158-d522-11e7-8c9a-d9c0a5c8d5c9
[2] See: http://jubileedebt.org.uk/blog/senseless-student-loan-sell-off

This petition was rejected

Why was this petition rejected?

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https://petition.parliament.uk/petitions/204944

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