Write off all Plan 1 student loans after 25 years, not when someone turns 65 — 133 signatures. Status: open.
We think that the Plan 1 student loan rules are deeply unfair. If someone started university after Sep 2006, and debt is wiped after 25 years. Start just weeks earlier, and you're trapped paying until age 65. We call on the government to standardise the rules: wipe all Plan 1 loans after 25 years.
We call for equal Treatment for student loan borrowers. In our view, the UK student loan system uses an arbitrary date 1 September 2006 to penalise older Plan 1 graduates. Those starting university after this date have debt wiped 25 years after graduation. Those starting just weeks earlier are trapped paying until age 65, some carrying debt for 40+ years. We therefore call on the Government to standardise the rules: write off all remaining debt 25 years after graduation. Stop punishing older graduates with a lifetime financial penalty based on the calendar
View this petition on the official UK Parliament website