Submitted on Friday 1st December 2017
Rejected on Wednesday 6th December 2017
Current status: Rejected
Rejection code: duplicate (see below for details)
Keep the student loan book in public ownership
The government has resumed the sale of part of the stock of student loans owed by English students and graduates.The sell-off will result in taxpayers losing money and hinder action to tackle runaway student debt. We call on the government to halt the sale and to keep the student loan book public.
Loans taken out between 1998 and 2001 are under offer, and further sales planned. The current sale is expected to make an £800m loss for taxpayers [1]. Furthermore, this and future sales will severely limit the scope for government action on the student debt bubble such as cancelling outstanding debts or improving loan terms and conditions [2].
[1] See: https://www.ft.com/content/726e3158-d522-11e7-8c9a-d9c0a5c8d5c9
[2] See: http://jubileedebt.org.uk/blog/senseless-student-loan-sell-off
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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.
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petition.parliament.uk/petitions/204944
18.216.190.167 Sat, 27 Apr 2024 19:36:04 +0100
