Currently student loan repayments are taken from your salery every month however they are not knocked off the balance of the loan until the end of the year. Therefore paying a full year of interest on the full balance which had gradually been paid off. This adds hundereds of pounds of unnecessary interest. The payment should be deducted monthly as it is paid.

http://petitions.pm.gov.uk/Student-loans/


i have signed this

why should the government charge excess interest when you pay each month from wages. how bizarre