For immediate release
Student Assembly Against Austerity Press Release
Students to hold national day of action to stop the privatisation of student debt
Student activists will tomorrow (Wednesday 20 November) join a national day of action to protest against the government’s plans to privatise the student loan book.
Student campaigners will be building opposition to the government’s intentions to sell off student debt to private companies before the next general election, which has caused widespread concern on campuses that this will lead to an increase in the financial burdens placed on students and graduates.
A secret report for the government has revealed that in order to make sure the student loan book is profitable for private companies the cap on interest for repayments would need to be increased or removed all together.
Actions will take place on 25 campuses across Britain, including open air rallies, creative stunts, direct action and mass petitioning demanding that MPs pledge to oppose the student debt sell off.
Aaron Kiely, NUS Black Students’ Officer and spokesperson for the Student Assembly Against Austerity which is co-ordinating the national day of action said:
“The government’s plan to sell off the student loan book to private companies is the latest outrageous attack on students and education. We are clear that privatisation of student debt will lead to higher interest rates and a higher burden of debt placed upon graduates. It is essentially a retrospective hike in tuition fees.
“We are determined to build a mass movement on every campus in the UK to stop the government in its tracks and the protests happening on campuses across the country on Wednesday 20 November are just the start of this campaign.”
"It's amazing to see so many different campuses unite for this coming day of action. The only way we're going to defeat the government's cruel and cynical austerity programme is by building a broad, national movement that it can't ignore."
Please find the full details of the 25 local actions taking place on the official Student Assembly Against Austerity facebook event here.
In a speech to Parliament on 27 June 2013, Chief Secretary to the Treasury, Danny Alexander, announced the government’s plans to privatise the student loan book:
As part of the day of action students will be targeting MPs, demanding they sign the Early Day Motion in Parliament opposing the privatisation of student loan book.
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Twitter: @thestudentassem | #StopTheSellOff