Should you be allowed to repay students loans more quickly?MoneySaving Poll Results

Souk

Poll started 08 February 2011:

Should you be allowed to repay students loans more quickly?

Under the new student loans system, students' repayments are set at 9% of everything earned above £21,000 (e.g. earn £22,000 repay £90 a year) upon leaving university, and some will pay commercial rates of interest.

The govt's currently discussing a ban / extra fees on repaying more quickly as otherwise loans would cost higher earners overpaying relatively less, and wouldn't meet the test of being 'progressive'.

Which of these is closest to your view?

Results

Allow overpayments but with early redemption penalties436 votes (7 %)
Ban overpayments so everyone has to repay at the same rate409 votes (6 %)
You should be allowed to pay more off student loans whenever you want5,721 votes (87 %)

                   6,566 votes received.

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