Rejected petition Scrap interest on all student loan repayments

We are calling on the government to remove interest from student loan repayments. Graduates are charged interest of up to 3% above inflation, meaning they repay far more than borrowed. This creates a ‘graduate tax’, leaving many in debt for 30 yrs & making this far more expensive than original cost.

More details

Student loan interest means graduates often repay far more than they originally borrowed. With interest charged at up to 3% above inflation (currently around 7% total), a typical 3-year degree costing ~£27,000 can grow to over £40,000 in real debt before repayment even begins. Many people remain in debt for 30 years despite regular payments. Removing interest would make repayments fairer and reduce long-term financial strain.

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

You may wish to sign the following petition, which calls for similar action:

Abolish interest charges on student loans
https://petition.parliament.uk/petitions/756832

We only reject petitions that don’t meet the petition standards.

Date submitted 4 February 2026
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