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Remove Interest from UK Student Loans

Submitted on Thursday 29th January 2026

Rejected on Thursday 5th March 2026

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Remove Interest from UK Student Loans

Petition Details

We call on Parliament to remove interest on UK student loans. In 2024–25, £15.2bn in interest was added while only £5bn was repaid — roughly 3x as much. Graduates enter repayment with average debts of around £53,000, and around 75% are expected to never repay in full.

Additional Information

• Lower and middle earners often pay mainly interest, while high earners clear loans more quickly. In 2024–25, 67% of those repaying student loans added more interest than they paid, and 2.2m people now owe £50k+.
• Repayments add 9% on top of tax and NI, pushing marginal rates towards 60%. The Times reports graduates typically need to earn ~£66k before reducing the balance.
• Unlike other debts, student loans cannot be cleared through bankruptcy and are repaid via the tax system for 30+ years.


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This petition was rejected

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 the following petition which calls for the same action:

Abolish interest charges on student loans
petition.parliament.uk/petitions/756832

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