End Student Loan Interest Fees
This petition had 124 supporters
Student Finance Companies are charging excessive interest rates on student loans, which are taken out by most students. This leads to doubling the average student debt 10 years after finishing uni. The interest rate is currently at 6.1% as of August 2017. This is financially crippling for most current students, and is higher than most bank loans. This needs to end, education shouldn't be costing this extortionate amount which will negatively affect future prospects of the average UK student.
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