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Allow student loan holders to suspend their payments for up to 12 months.

Submitted by Chris Mathias on Tuesday 10th November 2020

Published on Tuesday 15th December 2020

Current status: Closed

Closed: Tuesday 15th June 2021

Signatures: 8

Relevant Departments

Tagged with

Breathing Space ~ Brexit ~ Brexiters ~ Covid ~ furlough ~ furlough scheme ~ Loan ~ Offered ~ Scheme ~ security ~ student loans ~ Time

Petition Action

Allow student loan holders to suspend their payments for up to 12 months.

Petition Details

During these uncertain times the government should offer holders of student loans the opportunity to suspend their payments for up to 12 months over the life of the loan term. Suspension should be offered regardless of earnings.

Additional Information

Allowing borrowers to suspend their student loan repayment would provide much needed financial breathing space for younger people already struggling against the effect of Brexit and COVID. Implementing this policy supports holders of student loans to better realise their ambitions or provide more security in an uncertain employment market. Through the furlough scheme the government has shown commitment to supporting people. This policy supports the young and worst affected by CV19 and BREXIT

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