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STOP CHARGING INTEREST ON STUDENT LOANS WHILST THEY ARE STUDYING

Submitted on Saturday 8th October 2016

Rejected on Friday 14th October 2016

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

STOP CHARGING INTEREST ON STUDENT LOANS WHILST THEY ARE STUDYING

Petition Details

This year the government changed the system for student loans so that whilst students are studying they are already being charged interest at inflation plus 3%. This is an unfair cost on top of the student loan debt which most students have no choice but to take on.

Additional Information

This system encourages our well educated students to leave the country. This is at a time where we need to be encouraging further education in order to support this country’s infrastructure.

It has been brought in without consultation and many aren’t aware of the implications of this debt - for the Students Loan company it is a huge profit on students who don’t have any other choice.

We want this above inflation interest stopped and we want this referred to the Monopolies Commission.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

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.

petition.parliament.uk/petitions/161271

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