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VP62 – No alteration of student loan terms! Watch

  • View Poll Results: Do you agree with this petition?
    As many are of the opinion, Aye
    50.00%
    On the contrary, No
    18.18%
    Abstain
    31.82%

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    VP62 – No alteration of student loan terms!
    No alteration of student loan terms!

    This petition calls for the Government to scrap plans to alter the repayment terms for student loans taken out by those starting courses in 2012 or later, in particular the plan to freeze the income threshold from which repayments are calculated at £21,000 rather than increase it with inflation as was previously announced.

    It is patently unfair to alter the terms of a loan that has already been agreed: a practice criticised by prominent figures offering financial advice such as Martin Lewis MBE, and which would be patently illegal if attempted by a commercial firm. In addition, it is effectively acting as a tax increase on middle-class graduates, which will hamper economic growth at what remains a fragile time for the economy. It is time to stop this immoral and illogical idea from progressing any further.
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    Abstain - I oppose the unilateral changing of terms of an already active loan, however I'd rather start paying more off now whilst I don't have a family so that the interest doesn't become too large and bite me in the arse at a later stage.
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    Could you change my accidental Nay to an Abstain please?
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    (Original post by The Financier)
    Could you change my accidental Nay to an Abstain please?
    One No has been changed to an Abstain for seat 12.
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    One postal Abstention has been added for seat 8 (adam9317).

    One postal No has been added for seat 13 (jennywenny for Lime-man).
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    Ayes to the right: 22
    Noes to the left: 8
    Abstentions: 14

    The Ayes have it! The Ayes have it! Unlock!

    Turnout: 88%
 
 
 
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