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stop the government selling the student loan book.

Submitted on Tuesday 14th February 2017

Rejected on Tuesday 21st February 2017

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

stop the government selling the student loan book.

Petition Details

the government is proceeding with the sale of the student loan book at a massive loss. the previous sale was for 18% of the face value and caused massive problems for those concerned. if they can make that much of a loss why not write off the loans?

Additional Information

the first sale of the loan book for pre 1998 loans was sold at 18% of face value, a huge loss. this first sale of loans to Erudio has been a complete disaster. the government promised no changes to the terms and conditions with this transfer, this has not been the case. the same assurances are being given for the future sales and this is not acceptable. the loans were given by the government and should be held by the government or written off, not sold off for the profit of the private sector.


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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/183719

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