This petition is now closed, as its deadline has passed.
We the undersigned petition the Prime Minister to Abolish outstanding student loans, if the student has been unable to pay back the load due to illness or low-income. More details
Submitted by Gregor Gonnella – Deadline to sign up by: 12 March 2008 – Signatures: 59
If after 15 years of leaving university the student has not managed to pay back his student loan, due to illness or low-income. The goverment should abolish the loan. This would be inorder to give the student a chance to "get back on their feet" without a huge loan over there head.
It can only prove as a hinderance to the person to have a huge loan, that was taken out as a balance of working as a graduate after leaving university.
In Norway they attempted Student Loans and then abolished them, the generation that had Student Loans were later termed "The Lost Generation".
The loan is taken out on account that once you earn over a certain amount, you are in a position to pay back the loan. If the person is not able to do this due to illness of low income, the loan is left acrewing interest.
Gregor Gonnella, the Petition Creator, joined by: