Submitted by Jordan Reed on Friday 13th February 2026
Published on Friday 20th March 2026
Current status: Open
Open until: Sunday 20th September 2026
Current Signatures: 36
(count is updated approximately hourly)
Relevant Departments
Tagged with
balance ~ Careers ~ Contributions ~ Debt ~ Ensure ~ Face ~ Fairness ~ Fairs ~ Families ~ Fixed ~ Growing ~ Interest rates ~ Loan ~ Origin ~ plan ~ Plan 2 ~ Profiteering ~ RISE ~ student loans ~ system
Introduce a Fixed Cap on Total Interest for Pre-Existing Plan 2 Student Loans.
Introduce a fixed cap on total interest for all pre-existing Plan 2 student loans, ensuring borrowers cannot accumulate debt that far exceeds their original loan, and repayments can meaningfully reduce the balance instead of it growing indefinitely.
Plan 2 graduates face escalating debt due to high RPI-linked interest rates.
The current system punishes ambition. Interest accrues faster than repayments, disproportionately penalising those whose earnings rise later in their careers.
Students and their families were not given enough information.
With the government now projected to make a net profit from these loans, this system is clearly excessive. A fixed cap would ensure fairness while preserving graduate contributions.
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 04:21:51 +0100
