Email the Department for Education: scrap interest on student loans!

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Please email the Department for Education and demand they commit to scrapping interest on student loans.

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Subject:

Dear (cc ),

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I am writing to you concerning the eye-watering interest levels that people are being charged on their student loans. I am one of almost 20,000 people who have signed the growing campaign to scrap all interest on student loans to give people the chance to pay off their student debt.

Together we have been sharing our experiences of high interest rates, which found that 87% of people are more likely to support a political party that commits to removing student loan interest. You can read all the findings here: https://bit.ly/studentloanreportppr

High interest levels on already extortionate university fees are unfair and lock graduates into cycles of debt.

Here’s why former students are supporting this campaign:

”I began earning a good wage in 2022. My debt before working was just over £58,000. After a year of working and a pay increase, I checked again and owed around £57,600. I'm never going to be able to pay off this loan. When I took out the loan I was told the interest rate was 1.5% - I was never told this could change and had no alternative options to pay for university. I lose a substantial amount each month and with the cost of living, things only get more difficult.“

"As a self-employed person, my student loan debt hugely impacts my tax bill each year which is so hard to put money aside for already given the cost of living.”

Please commit to scrapping interest on student loans ahead of the General Election.

Kind regards

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