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Bring the terms of plan 1 student loans in line with plan 2 loans.

Submitted on Friday 13th August 2021

Rejected on Tuesday 17th August 2021

Current status: Rejected

Rejection code: no-action (see below for details)

Petition Action

Bring the terms of plan 1 student loans in line with plan 2 loans.

Petition Details

Make the income threshold to start paying the same and also the time it is written off the same. This should be after 25 years or at 65 whichever comes first so not to disadvantage older or younger people.

Additional Information

There is considerable inequity dependending on when you started studying. Someone finishing studying at 21 could be paying the loan 1 back for upto 44 years when they reach 65. Therefore a maximum amount of years should be applied in line with plan 2. Similarly, the income thresholds should align. In terms of equality impact females are statistically more likely to work part-time, particularly if they are a mother, therefore will be disproportionately impacted by the current rules. It is likely many will face the prospect of paying student loans to retirement. Additionally, the people most likely to have needed the maximum loans are those with less money to begin with so the current policy disadvantages those from poorer backgrounds.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

Petitions need to call on the Government or Parliament to take a specific action.

We understand that you want the same terms to apply to people with students loans on Plan 1 or Plan 2, but we're not sure exactly what terms you want to apply to repayment of these loans.

You could start a new petition explaining clearly what terms you want to apply to repayment of these loans.

Have your say on this petition!

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