Submitted on Wednesday 20th October 2021
Rejected on Monday 25th October 2021
Current status: Rejected
Rejection code: duplicate (see below for details)
Do not reduce the Student Loan repayment threshold from £27,295.
The Student loan repayment threshold is currently set at £27,295 for students having borrowed from 2012 to pay University fees and living costs.
It has been proposed to reduce the repayment threshold to £23,000, and repayment increased to 40 years meaning lower earners repaying sooner and longer.
By lowering the Student loan repayment threshold, the lower earning population will once again be the people hardest hit. This coupled with the rising cost of living, and National Insurance increase as of April 2022 will result in a substantial reduction in take home wages.
Current rates are 9% over threshold.
For example, repayment on £30,000 would increase to £630 per year from £243.45 per year.
Those previously below the threshold could see hundreds per year now taken from their pay.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
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.
You may wish to sign this petition calling for the same action:
Do not reduce earnings threshold for student loan repayments!
petition.parliament.uk/petitions/597911
13.58.151.231 Tue, 23 Apr 2024 10:16:10 +0100
