Reduce student loan debt and interest to mitigate the impact of Covid-19

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Petition Action

Reduce student loan debt and interest to mitigate the impact of Covid-19

Petition Details

1. Reduce all existing student loan debt by 20% and
2. Charge 0% interest from March 2020 till September 2021 period.

Additional Information

Due to the devastating impact of the covid-19 on the economy. This is to help reduce fear and anxiety especially within the young population of the UK.

Survey of students & graduates: 27% change career plans, 37% No longer knows what to do due to the pandemic: https://www.prospects.ac.uk/prospects-press-office/27-percent-of-students-and-graduates-change-career-plans-due-to-covid-19

Scrap interest on student loans says vice-chancellors: https://www.bbc.co.uk/news/education-55895334

Vice-chancellors said students are amongst worst hit by the pandemic: https://www.mirror.co.uk/money/universities-call-interest-student-loans-23430291

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