Submitted on Tuesday 24th March 2020
Rejected on Wednesday 1st April 2020
Current status: Rejected
Rejection code: duplicate (see below for details)
Suspend interest on student loans
Students are currently accruing interest on their already high level of debt at 5.4% pa. This is despite having their third trimester cancelled and the Bank of England slashing the base rate due to the Coronavirus pandemic.
Student debt is already at record levels and the interest being added to it is excessive and unfair. The rate charged of 5.4% is significantly higher than other loan rates e.g. mortgage rates can be fixed at just over 2% and interest on personal loans can be less than 3%. Students are already undergoing hardships due to the Coronavirus with their final terms cancelled and the knock on consequences of this.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
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/308579
You can find out more about coronavirus and how you can protect yourself and others here:
NHS website: www.nhs.uk/conditions/coronavirus-covid-19/
UK Government website: www.gov.uk/coronavirus
You can read NHS tips to help if you are worried about coronavirus here: www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips
You may also be interested to know that because of the large number of petitions that have been started in relation to coronavirus, the Petitions Committee has been questioning the Government about its response to the coronavirus outbreak.
Find out more and watch the Committee put questions suggested by petitioners to Government Ministers and the Deputy Chief Medical Officer: committees.parliament.uk/committee/326/petitions-committee/news/145767/committee-question-deputy-chief-medical-officer-and-ministers-on-coronavirus-response/
Read letters asking further questions of Government Ministers: committees.parliament.uk/committee/326/petitions-committee/publications/3/correspondence/
3.149.26.169 Sun, 19 May 2024 08:07:12 +0100
