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End the Plan 2 threshold freeze and review unfair interest rates

Submitted on Wednesday 4th February 2026

Rejected on Thursday 12th March 2026

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

End the Plan 2 threshold freeze and review unfair interest rates

Petition Details

The Government should end the Plan 2 repayment threshold freeze immediately and review the whole post‑2012 loan system. Interest rules should be changed so balances don’t keep rising while borrowers make regular repayments, ensuring a fairer and more sustainable system.

Additional Information

The Plan 2 system is fundamentally unfair. The repayment threshold freeze forces graduates to pay more each year during a cost of living crisis, while high interest rates make balances grow even when people repay. It’s placing huge pressure on a generation already struggling to build secure futures, delaying milestones like saving, housing and stability. Ending the freeze and reviewing the system is urgently needed.


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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 this petition which calls for a similar action: petition.parliament.uk/petitions/759316


You may also wish to sign this petition: petition.parliament.uk/petitions/759293

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