Rejected petition Reduce Student Loan Plan 2 interest rate to be that of Plans 1, 4 & 5.

Reduce Student Loan Plan 2 interest rate to be the same as that paid by students on Plans 1, 4 & 5. This would reduce the interest rate to 3.2%, from 6.2%.

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We think that this will permit younger people to be able to repay their loans to the UK Government, reducing the overall national debt. In addition, this will empower the financial freedom of those on Plan 2 (c.640,000 people), and combat current challenges they face, such as the graduate labour market and astronomical housing costs, in turn boosting the UK economy.

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 this petition which calls for a similar action: https://petition.parliament.uk/petitions/759969

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

Date submitted 8 February 2026
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