The National Union of Students has begun a petition against the privatisation of student debt. The University of Exeter Students’ Guild has backed the campaign, encouraging students to sign the petition.
Last year, the government sold off £890m worth of debt to private investors, dating from between 1990 and 1998. Although it was stated that interest rates would not increase, students fear they may have to make further payments sooner than expected.
The announcement has caused concern amongst students who feel they will have to pay even more towards their university education, following the increase of student tuition fees up to £9,000 in 2010.
The NUS petition appeals to George Osborne and Danny Alexander, chief secretary to the treasury, to stop the student loan book sell off.
The petition currently has over 300 signatures. To sign it, click here.
Rachel Gelormini, Online News Editor