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Reduce student loan interest to an affordable 1% over base rate.

Submitted on Wednesday 27th September 2017

Published on Tuesday 3rd October 2017

Current status: Closed

Closed: Tuesday 3rd April 2018

Signatures: 1,367

Petition Action

Reduce student loan interest to an affordable 1% over base rate.

Petition Details

With the current punitive and profiteering rate of RPI + 3% typical loans of £50k require a salary of £55k pa just to pay the £3,000 interest. The rate charged is excessive and leaves a lifetime millstone for most graduate leavers. Give the majority an attainable goal and a sense of hope!


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