Scrap interest on all student loan repayments
We are calling on the government to remove interest from student loan repayments. Graduates are charged interest of up to 3% above inflation, meaning they repay far more than borrowed. This creates a ‘graduate tax’, leaving many in debt for 30 yrs & making this far more expensive than original cost.
Signatures
12
signatures
Government response threshold (10,000) · 12/10,000
Debate threshold (100,000) · 12/100,000
- 10 MAR 2026Petition rejectedduplicate
You may wish to sign the following petition, which calls for similar action: Abolish interest charges on student loans https://petition.parliament.uk/petitions/756832
- 04 FEB 2026Petition created
Background
Student loan interest means graduates often repay far more than they originally borrowed. With interest charged at up to 3% above inflation (currently around 7% total), a typical 3-year degree costing ~£27,000 can grow to over £40,000 in real debt before repayment even begins. Many people remain in debt for 30 years despite regular payments. Removing interest would make repayments fairer and reduce long-term financial strain.