Closed petition: Scrap RPI +3% interest on plan 2 & postgrad student loans & charge RPI only
Closed on
I am concerned about the interest rate that is charged on Plan 2 and Postgraduate student loans. These are much higher than other student loan plans. We urge the Government to only charge interest at RPI on plan 2 and postgraduate student loan repayments
The current rate of interest on these loans is often higher than most mortgages and young people may be unable to pay both. I am concerned motivation to earn may be lost as some mid-high earners may end up paying a high marginal tax rate plus NI until they retire. I am also concerned that women may be adversely affected as interest still accrues while on parental leave, which could potentially be contributing to the already low birth rate.
85 signatures
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 20 December 2025.