Reduce the interest on student loans and put a cap on the interest.
Place a cap on the interest that student loans companies can place on student loans. This should be applied to new and old student loans.
Signatures
6
signatures
Government response threshold (10,000) · 6/10,000
Debate threshold (100,000) · 6/100,000
- 20 FEB 2025Petition rejectedno-action
Petitions need to call on the Government or Parliament to take a specific action. We're not sure exactly what you'd like the Government or Parliament to do. There is also already a cap in place on the interest rate on student loans. You could start a new petition explaining clearly what you would like the Government or Parliament to do.
- 30 DEC 2024Petition created
Background
The interest on some student loans is extortionate which means that those who require loans are amassing huge depts. People will be charged for long periods of their lives, often paying back far more than they ever borrowed.
Higher education should be accessible to all without the worry of being charge extortionate amounts for the rest of their lives.