Submitted on Thursday 8th October 2020
Rejected on Thursday 15th October 2020
Current status: Rejected
Rejection code: duplicate (see below for details)
Remove interest rates on student loans.
At present most universities charge £9,250 a year, with an interest charged at RPI + 3% (currently 5.6%) while studying. The government should remove the 3%. Students are being exploited for wanting to improve their skills and better the economy. Interest is also a deterrent for Muslim students.
Students shouldn't have to incur excessive debt for pursuing degrees that will improve the economy. Benefits of university graduates in the labour force includes higher annual earnings which irrefutably contributes to economic growth and improved living standards. Subsequently, the government can expect increased tax revenue.
Furthermore, since Muslims can't take loans with interest, interest rates on loans are discriminatory against the Muslim community wishing to access higher education.
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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.
You are more likely to get action on this issue if you sign and share a single petition.
petition.parliament.uk/petitions/318563
18.220.66.151 Sat, 20 Apr 2024 12:12:16 +0100
