Closed petition Make income threshold for student loan repayments £60,000 and charge no interest

We propose the following change: Base repayments above £60,000 income are solely on the capital loan balance, charging no interest, allowing faster debt repayment and saving people that graduated after 1998 thousands.

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In 1998, the government introduced interest on student loans repayments. Before this, student loans were interest-free in real terms. For a graduate in 2022, the average student debt is £44,940, with interest accruing from the moment the loan is issued. Currently, most graduates are on Plan 2, where repayments begin once they earn above £27,295 per year. Above this threshold, a fixed percentage of income is deducted to repay the loan. However, there is no cap on the interest.

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55 signatures

Progress of the petition towards its next target: 55 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 25 August 2025
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