{"links":{"self":"https://petition.parliament.uk/petitions/761007.json"},"data":{"type":"petition","id":761007,"attributes":{"action":"Introduce a Fixed Cap on Total Interest for Pre-Existing Plan 2 Student Loans.","background":"Introduce a fixed cap on total interest for all pre-existing Plan 2 student loans, ensuring borrowers cannot accumulate debt that far exceeds their original loan, and repayments can meaningfully reduce the balance instead of it growing indefinitely.","additional_details":"Plan 2 graduates face escalating debt due to high RPI-linked interest rates. \r\n\r\nThe current system punishes ambition. Interest accrues faster than repayments, disproportionately penalising those whose earnings rise later in their careers. \r\n\r\nStudents and their families were not given enough information. \r\n\r\nWith the government now projected to make a net profit from these loans, this system is clearly excessive. A fixed cap would ensure fairness while preserving graduate contributions.","committee_note":null,"state":"open","signature_count":36,"created_at":"2026-02-13T12:43:14.395Z","updated_at":"2026-04-16T10:47:40.000Z","rejected_at":null,"opened_at":"2026-03-20T10:43:02.174Z","closed_at":null,"moderation_threshold_reached_at":"2026-02-13T13:00:30.000Z","response_threshold_reached_at":null,"government_response_at":null,"debate_threshold_reached_at":null,"scheduled_debate_date":null,"debate_outcome_at":null,"creator_name":"Jordan Reed","rejection":null,"government_response":null,"debate":null,"departments":[{"acronym":"DfE","name":"Department for Education","url":"https://www.gov.uk/government/organisations/department-for-education"}],"topics":[],"signatures_by_country":[{"name":"United Kingdom","code":"GB","signature_count":36}],"signatures_by_constituency":[{"name":"Barnsley North","ons_code":"E14001074","mp":"Dan Jarvis MP","signature_count":4},{"name":"Bethnal Green and Stepney","ons_code":"E14001086","mp":"Rushanara Ali MP","signature_count":1},{"name":"Brentwood and Ongar","ons_code":"E14001125","mp":"Alex Burghart MP","signature_count":1},{"name":"Bristol Central","ons_code":"E14001131","mp":"Carla Denyer MP","signature_count":1},{"name":"Dulwich and West Norwood","ons_code":"E14001205","mp":"Helen Hayes MP","signature_count":1},{"name":"East Wiltshire","ons_code":"E14001217","mp":"Danny Kruger MP","signature_count":1},{"name":"Ellesmere Port and Bromborough","ons_code":"E14001222","mp":"Justin Madders MP","signature_count":1},{"name":"Gillingham and Rainham","ons_code":"E14001246","mp":"Naushabah Khan MP","signature_count":1},{"name":"Kenilworth and Southam","ons_code":"E14001309","mp":"Rt Hon Sir Jeremy Wright KC MP","signature_count":1},{"name":"Kingswinford and South Staffordshire","ons_code":"E14001316","mp":"Mike Wood MP","signature_count":1},{"name":"Makerfield","ons_code":"E14001350","mp":"Josh Simons MP","signature_count":2},{"name":"Manchester Central","ons_code":"E14001352","mp":"Rt Hon Lucy Powell MP","signature_count":1},{"name":"Newton Abbot","ons_code":"E14001381","mp":"Martin Wrigley MP","signature_count":1},{"name":"North Herefordshire","ons_code":"E14001395","mp":"Dr Ellie Chowns MP","signature_count":1},{"name":"Peckham","ons_code":"E14001421","mp":"Miatta Fahnbulleh MP","signature_count":1},{"name":"Penistone and Stocksbridge","ons_code":"E14001423","mp":"Dr Marie Tidball MP","signature_count":1},{"name":"Plymouth Sutton and Devonport","ons_code":"E14001427","mp":"Luke Pollard MP","signature_count":5},{"name":"South East Cornwall","ons_code":"E14001486","mp":"Anna Gelderd MP","signature_count":4},{"name":"South Northamptonshire","ons_code":"E14001490","mp":"Sarah Bool MP","signature_count":1},{"name":"South West Devon","ons_code":"E14001495","mp":"Rebecca Smith MP","signature_count":1},{"name":"St Albans","ons_code":"E14001507","mp":"Daisy Cooper MP","signature_count":1},{"name":"Stretford and Urmston","ons_code":"E14001528","mp":"Andrew Western MP","signature_count":1},{"name":"West Dorset","ons_code":"E14001575","mp":"Edward Morello MP","signature_count":1},{"name":"Widnes and Halewood","ons_code":"E14001584","mp":"Derek Twigg MP","signature_count":1},{"name":"Clwyd East","ons_code":"W07000094","mp":"Becky Gittins MP","signature_count":1}],"signatures_by_region":[{"name":"North West","ons_code":"B","signature_count":6},{"name":"Yorkshire and The Humber","ons_code":"D","signature_count":5},{"name":"East Midlands","ons_code":"E","signature_count":1},{"name":"West Midlands","ons_code":"F","signature_count":3},{"name":"East of England","ons_code":"G","signature_count":2},{"name":"London","ons_code":"H","signature_count":3},{"name":"South East","ons_code":"J","signature_count":1},{"name":"South West","ons_code":"K","signature_count":14},{"name":"Wales","ons_code":"L","signature_count":1}],"other_parliamentary_business":[]}}}