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Make the student loan system fairer for young people

Submitted on Tuesday 10th February 2026

Rejected on Thursday 19th March 2026

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Make the student loan system fairer for young people

Petition Details

Reverse the upcoming Plan 2 repayment threshold freeze, and restore it to the level it would be if it had risen each year with earnings growth as promised. Set student loan interest rates at CPI inflation, and reduce the repayment rate from 9% to 5%.

Additional Information

Successive governments have made retrospective changes to the Plan 2 loan terms. Repeated threshold freezes alongside high interest rates for Plan 2 loans mean many will pay back far more than they borrowed. These proposed changes will remove the unfair above-inflation interest as well as helping to address the high marginal tax rates which are disincentivising young people. The changes will also give young people more ability to invest into the economy and their futures.


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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.

We already have a number of petitions open on aspects of this same issue which you may wish to look at and perhaps sign:

petition.parliament.uk/petitions/759316

petition.parliament.uk/petitions/759293

petition.parliament.uk/petitions/759969

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