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Fully regulate Student Loans Company, with reform of the repayment process.

Many graduates have been left thousands of pounds short by an administrative process that is not fit for purpose. This petition calls on the Government to reform the repayment process and regulate Student Loans Company in line with retail lenders.

Graduates leave education with thousands of pounds worth of debt that is repaid via their payslips. The money is collected by HMRC and passed to Student Loans Company annually to be credited to the outstanding balance.

Current arrangements mean that money is frequently not credited to the loan, despite being paid by the graduate. This means it can take longer to repay a student loan, while interest is accrued.

HMRC and SLC do not to have mechanisms to check/rectify mistakes in a timely manner.

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Signatories

74

Currently ranked 8,968 out of 103,331 petitions ever created.

Status

Closed

Created By

Kunal Babla

Created On

Tuesday 19 July 2016

Closing Date

Wednesday 18 January 2017

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