Submitted by Philip Wharton on Wednesday 4th February 2026
Published on Tuesday 10th March 2026
Current status: Open
Open until: Thursday 10th September 2026
Current Signatures: 159
(count is updated approximately hourly)
Align Plan 2 student loan interest rates with Plan 5 (RPI only).
We call on the government to remove the +3% 'real' interest rate from Plan 2 loans and cap interest at RPI, as is the case for students who started after 2023.
Plan 2 graduates are the only cohort charged interest above inflation, creating an unfair 'middle-earner trap' where balances grow despite regular repayments. Furthermore, the government has frozen the Plan 2 threshold at £29,385 until 2030. As wages rise with inflation, this acts as a stealth tax. We ask that the threshold also be adjusted annually in line with the Retail Price Index (RPI).
If you want to sign this petition (as opposed to merely discuss it), you need to do that on the government's e-Petitions website.
216.73.216.219 Thu, 04 Jun 2026 02:44:28 +0100
