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.
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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.