Subject Predicate Object
2wBb1tmQ
a
Resource
External thing
UK Government and Parliament thing
E-petition
Rejected e-petition
UK Government and Parliament e-petition
e-petition has threshold attainment
MaeRogeR
e-petition has moderation
fNjX1Fpg
rejected e-petition has rejection
fNjX1Fpg
external identifier
230608
UK Government and Parliament Id
230608
e-petition UK Government and Parliament Id
230608
action
Make ALL Student Loan Repayments Tax Deductable (not just the interest).
background
Currently students can be required to pay up to £9,000 per year to pay for university courses. For a typical BA/BSc this would be £27,000 excluding the cost of living. They also pay a high 6% interest rate on these loans, i.e. over 5% higher than the bank of England base rate.
additional details
The argument for student loans is that a graduate earns more over their life, so needs to pay more. However they also pay more tax, so it seems unfair to charge them 6% interest and expect them to pay higher tax rates. For this reason I suggest that we make all student loan repayments, i.e. the interest AND capital repayments, tax deductible.
created at
2018-10-17T08:54:44.066000+00:00
updated at
2018-10-24T14:23:05.896000+00:00
fNjX1Fpg
rejection has rejected e-petition
2wBb1tmQ
moderation has e-petition
2wBb1tmQ
MaeRogeR
threshold attainment has e-petition
2wBb1tmQ