Subject Predicate Object
68ZXqJWz
a
Resource
External thing
UK Government and Parliament thing
E-petition
UK Government and Parliament e-petition
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external identifier
264526
UK Government and Parliament Id
264526
e-petition UK Government and Parliament Id
264526
action
Remove interest payments from student loans whilst they are studying.
background
Student loan fees are problematic themselves, the interest incurred from them is an even stronger issue totalling up to "the UK Retail Price Index (RPI) plus 3%." This is a large percentage when you consider students have no possible way of paying back loans whilst they study.
additional details
The issue of student loan write-offs has plagued the government and a recent Office for National Statistics' decision to include them in the government deficit shows how problematic they have become. Whilst it is not a final way of dealing with the issue removing the interest whilst studying can help to decrease these write-offs. In Norway, for example, student loans do not incur interest whilst studying which helps students ensure they do not have to worry about extreme repayments.
created at
2019-06-12T00:21:39.969000+00:00
updated at
2019-11-06T00:01:14.551000+00:00
closed at
2019-11-06T00:01:00.000000+00:00
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