Submitted on Wednesday 4th May 2016
Published on Wednesday 11th May 2016
Current status: Closed
Closed: Friday 11th November 2016
Signatures: 13
Tagged with
Education ~ income tax ~ Money ~ Tax
Change the tax system so student loan repayments are taken before income tax.
Most students can not use their income tax allowance whilst studying at university and rely on borrowing money from the students loan company to cover living expenses. Therefore, repayments of this student debt should be exempt from income tax.
These changes would bring the following benefits:
1. Earlier repayment and reduced pressure of student debt
2. A fairer systems for those starting out in life
3. Additional encouragement for further education
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