Abolish interest charges on student loans

Summary

Cancel interest charges on all student loans. We believe placing this burden on the backs of those that want to succeed in life is abhorrent and short-sighted. These charges penalise our brightest and best, the very people that contribute the most to society. Charging interest on student loans burdens graduates with growing debt, often £50k+ while many never fully repay due to income-contingent terms. We believe that abolishing interest would make higher education truly accessible, without a lifelong financial penalty and also boost social mobility and productivity by freeing young people from debt drag. Education benefits society; taxpayers already subsidise it—we want to remove this unfair tax on ambition.

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