Submitted on Thursday 3rd December 2020
Rejected on Wednesday 9th December 2020
Current status: Rejected
Rejection code: duplicate (see below for details)
Stop charging interest on student loans
The Government should freeze interest on university student loans. This extra burden on students is felt more acutely in the recent economic downturn. This does not require a complete abolishment of the fee process but rather an empathetic way to help students in times of national hardship.
The coronavirus pandemic has trigged economic turbulence of unprecedent proportions. Many students are struggling to find work. Relatively high interest rates set on young people is an unnecessary and unfair practice that should cease with immediate effect.
The economic gain from the interest is negligible. They also have the combined effect of worsening an individual's financial profile and also discouraging students from diversifying their skill sets if it could delay entering the work force.
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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/559022
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