05/02/2014 08:46 GMT | Updated 05/04/2014 06:59 BST

Letter: Why We Are Fighting the Student Debt Sell Off

This week we are stepping up our campaign to stop the government's plan to privatise our student loans through a national week of protests, rallies and creative direct action which will sweep across more than 50 university and college campuses in the biggest wave of opposition to the plans yet.

As a secret report for the government has confirmed, to ensure the student loan book is profitable for private companies the cap on interest for repayments would need to be increased. This means graduates would effectively face a retrospective hike in the cost of their tuition fees.

The sell-off of student loans is just the latest major assault on education, following the tripling of tuition fees, the scrapping of Education Maintenance Allowance and an austerity agenda which is hitting the living standards of students hard, especially through rising rents.

We are building a movement on campuses across the country to stop this grossly unfair and unjust policy. This week's national week of action co-ordinated by the Student Assembly Against Austerity will see a major escalation of the student fight back against this latest government attack on our education.

Aaron Kiely, NUS Black Students' Officer

Hannah Ellen Clare, University of Liverpool & Young Greens North Co-convenor

Marienna Pope-Weidmann, Student Assembly Against Austerity

Barbara Ntumy, NUS Women's Committee

Matt Stanley, NUS LGBT Committee & NUS National Executive

Clifford Fleming, Co-Chair National Young Greens & University of Manchester SU Campaigns and Citizenship Officer

Fiona Edwards, Student Broad Left & Student Assembly Against Austerity

Sam Dathi, Counterfire Students

Tom Costerton, SOAS Student Assembly Against Austerity

Rosie Rawle, Union of University of East Anglia Students Communications Officer

Marianna Musset, Leeds University Union Political and Campaigning Representative

Charlotte Bennett, Midkent College Students' Union Women's Officer

Miguel Costa Matos, University of Warwick Undergraduate Social Sciences Faculty Representative

Ben Hayes, Goldsmiths College Student Assembly Against Austerity

Piers Telemacque, Bradford College Students' Union President

Umar Rafiques, Bradford College Students' Union Vice President

Kate Hurford, Goldsmiths College Students' Union Black Students' Officer

Richard Cullent, University of Bradford Union Secretary Treasurer

Laura Vrabie, University of Kent

William Pinkney-Baird, Durham University Students Against Austerity

Nathan Pettefar, London Metropolitan University Student Assembly Against Austerity

James Elliott, Oxford University Students' Union Disabilities Officer

Lily Waring, Gloucestershire Students Against the Student Debt Sell Off

Dan Kiddle, Brighton Students Against Debt

Hannah Billing, LSE

Joey Davison, LSE

Josiah Mortimer, York University & Young Greens National Committee

Emmeline Wilcox, Queen Mary University Student Assembly Against Austerity

Kate Connelly, Queen Mary University Student Assembly Against Austerity

Carlus Hudson, Exeter University

Alex Falconer, Falmouth University Assembly Against Austerity

Kylie Noble, Queen University Belfast Young Greens Chair

Joe Wait, Manchester College

George Venizelos, Essex University Students' Union Participation and Involvement Officer

Areeb Ullah, Kings College London Students' Union Vice President of Academic Affairs

Simon Roscoe Blevins, Sheffield University

Amber Homes, Institute of Education Students' Union President of Education and Student Experience

Jonaya Bailey, Oldham Sixth Form College

Penelope Bielckus, Bath University

Harry Taylor, University of Derby

Laura Ager, University of Salford

Joe Haslam, Lancaster and Morecambe College

Mostafa Rajaai, University of the Arts Students' Union Culture and Diversity Officer

Tomáš Tengely-Evans, University of Cardiff

Laura Grossmann, Sussex University Stop Privatisation

Izzy Nicol, Sussex University Stop Privatisation

Lara Samuel, Sussex University Stop Privatisation

Dan Kennedy, Sussex University Stop Privatisation

Lewis Nielsen, Sussex University Stop Privatisation

Amber Rose- Dewey, Sussex University Stop Privatisation

Abbie Manning, Sussex University Stop Privatisation

Alice Bone-Connaughton, Sussex University Stop Privatisation

Holly Righley Lewenstein, Sussex University Stop Privatisation

Max O'Donnell-Savarge, Sussex University Stop Privatisation

Adriano Merola Merotta, Sussex University Stop Privatisation

Matilda Lawrence-Jubb, Sussex University Stop Privatisation

Billie Turner, Sussex University Stop Privatisation

Kay Michelsen, Sussex University Stop Privatisation

Matt Houghton, Sussex University Stop Privatisation

George Marchbank, Sussex University Stop Privatisation

Antonia Blumenstock, Sussex University Stop Privatisation