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Reduce the interest on student loans and put a cap on the interest.

Submitted on Monday 30th December 2024

Rejected on Thursday 20th February 2025

Current status: Rejected

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

Petition Action

Reduce the interest on student loans and put a cap on the interest.

Petition Details

Place a cap on the interest that student loans companies can place on student loans. This should be applied to new and old student loans.

Additional Information

The interest on some student loans is extortionate which means that those who require loans are amassing huge depts. People will be charged for long periods of their lives, often paying back far more than they ever borrowed.
Higher education should be accessible to all without the worry of being charge extortionate amounts for the rest of their lives.


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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're not sure exactly what you'd like the Government or Parliament to do. There is also already a cap in place on the interest rate on student loans.

You could start a new petition explaining clearly what you would like the Government or Parliament to do.

Have your say on this petition!

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13.59.123.68 Sat, 22 Feb 2025 15:23:15 +0000