Rachel Reeves: stop pushing graduates deeper into debt
Today, ministers face the Treasury Committee inquiry into student loans. MPs have already been told graduates are treated as "cash cows" to fund older people's lifestyles. [1] Now is the moment to make student loan reform impossible to ignore. Can you sign and help push this petition to 50,000 signatures?
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Rachel Reeves: stop pushing graduates deeper into debt
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Here is what Organise members told the government:
- 64% say the government changing loan terms has seriously damaged trust in public institutions
- 76% didn't fully understand what they were signing when they took out their loans
- 91% say student loans should be completely interest-free
- 93% say the government should not be able to change loan terms once taken out
The government has already moved once. The 6% interest cap happened because of campaigns like this one. [2] But a cap is not a fix. Interest is still accruing. The repayment threshold is still frozen at £29,385 until 2030. Graduates are still watching their balances grow while making monthly payments.
The expert who led the 2019 government review told the Committee he felt "outrage" at retrospective changes to loan terms, comparing the situation to PPI and car finance mis-selling. [1] Ministers face the Committee tomorrow. Every signature tells them graduates are still watching.
Stand alongside a graduate fighting for justice. It takes just a second to sign:
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Rachel Reeves: stop pushing graduates deeper into debt
View the petition
Here is what one of the graduates who started this petition shared:
"Interest rates have been raised retrospectively, repayment thresholds frozen, and the goalposts moved, leaving people paying more and owing more, often for decades. People are delaying having children, giving up on buying a home, turning down promotions, or leaving public service jobs. All while being told this is 'working as intended'.
We're calling on the government to stop gaslighting graduates and act, starting by scrapping interest on student loans and raising the repayment threshold so people can actually afford to live."
The Committee session is tomorrow. The evidence is in. A petition with tens of thousands of names tells ministers that graduates are watching, and will not go quietly.
Thanks for taking action,
Roxy, Bex and the Organise team
PS. Did you know you can run your own petition, snap poll, question or open letter with Organise? Learn more and get started now: organise.network/organiser
PPS. If you would like to add or update your workplace details please go here: organise.network/workplace
NOTES:
[1] The Guardian, Debt-ridden graduates seen as ‘cash cows’ to fund older people’s lifestyles, MPs told, theguardian.com/money/2026/jun…
[2] City AM, ‘Frightening’: Middle-earning grads could end up paying nearly triple the student loan they took out, cityam.com/frightening-middle-…