UK Parliament home

This petition was submitted during the 2019 to 2024 Parliament

View other petitions from this Parliament

Closed Cut student loan interest and link it to CPI inflation as soon as possible

Closed on

The government should bring forward the proposed change to link student loan inflation to CPI, rather than RPI, inflation from 2030 to as soon as possible. Further to this, the up to 3% added on top of this should be abolished/reduced. Student loan inflation is crippling graduates.

The inflation rate on student loans is too high as it includes house price inflation, which does not correspond to yearly salary rises, and an arbitrary up to 3% on top.

Many recent graduates have over £50k of student loan debt and are struggling to cover monthly interest payments. This can be financially and psychologically crippling, made worse by the pandemic.

The government has recognised the need to use CPI inflation by 2030, however there is no reason to delay this change on student loans.

14 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 2 June 2021.