Do not apply changes to terms & conditions to existing student loan agreements

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Do not apply changes to terms & conditions to existing student loan agreements

Petition Details

The government must not retroactively change the terms and conditions of existing students’ loans.

Additional Information

The repayment threshold (presently £27,295), the rate of repayment (presently 9%), the terms of the interest rate (RPI plus 3%) or anything else, shouldn't be changed contrary to students’ best interests.

If you go to a bank and get a loan, the terms of the loan are agreed at the beginning of the loan and the bank can't change those terms to suit itself after the contracts have been signed. So why should the government be able to change the terms of student loans at the expense of students?

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