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Student loan interest rates cut to 1% above base & have an interest rate holiday

Submitted by George Arkless on Tuesday 29th September 2020

Published on Tuesday 6th October 2020

Current status: Closed

Closed: Tuesday 6th April 2021

Signatures: 35

Relevant Departments

Tagged with

6 Months ~ Covid ~ Covid-19 ~ COVID19 ~ learning ~ Loan ~ Lockdown ~ Lockdowns ~ Petition

Petition Action

Student loan interest rates cut to 1% above base & have an interest rate holiday

Petition Details

Students have suffered hugely from the effects of Covid 19 and the government should recognise this by providing the support outlined in the petition. It is immoral for them to be charged such high interest rates when other interest rates have been dramatically reduced.

Additional Information

The government should recognise the hardships endured by students and prospective students over the last 6 months caused by the Covid19 pandemic. Having come through the exams fiasco many freshers and returning students face lockdowns and a diluted student and learning experience. They were encouraged to return and pay fees and exorbitant accommodation costs they should have their needs recognised in the same way that other groups have been supported.


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