Remove Interest from UK Student Loans

Remove Interest from UK Student Loans — 9 signatures. Status: rejected.

Petition background

We call on Parliament to remove interest on UK student loans. In 2024–25, £15.2bn in interest was added while only £5bn was repaid — roughly 3x as much. Graduates enter repayment with average debts of around £53,000, and around 75% are expected to never repay in full.

Additional details

• Lower and middle earners often pay mainly interest, while high earners clear loans more quickly. In 2024–25, 67% of those repaying student loans added more interest than they paid, and 2.2m people now owe £50k+. • Repayments add 9% on top of tax and NI, pushing marginal rates towards 60%. The Times reports graduates typically need to earn ~£66k before reducing the balance. • Unlike other debts, student loans cannot be cleared through bankruptcy and are repaid via the tax system for 30+ years.

View this petition on the official UK Parliament website

Other UK Parliament petitions

Hold a referendum to bring the water industry into public ownership — 210,743 signatures
Legislate to ban FPNs and prosecutions related to school attendance — 134,749 signatures
Hold a UK-wide briefing on climate and nature risks — 123,685 signatures
Change surrogacy law to recognise intended parents from birth — 113,196 signatures
Support the Ceramics Industry and protect British manufacturing jobs and skills — 111,034 signatures
Remove sentence reductions for guilty pleas in controlling and coercive cases — 105,579 signatures
Fund NHS access to Omaveloxolone for patients with Friedreich's Ataxia — 102,177 signatures
Raise the personal tax allowance to £18,000 — 72,423 signatures

Browse UK petitions

UK Petition Tracker home