End the Plan 2 threshold freeze and review unfair interest rates
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.
Signatures
21
signatures
Government response threshold (10,000) · 21/10,000
Debate threshold (100,000) · 21/100,000
- 12 MAR 2026Petition rejectedduplicate
You may wish to sign this petition which calls for a similar action: https://petition.parliament.uk/petitions/759316 You may also wish to sign this petition: https://petition.parliament.uk/petitions/759293
- 04 FEB 2026Petition created
Background
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.