In my school we had a visitor to come and speak to us about student finance - top end of the bracket at £9000, you only pay when you start earning over £21,000; even so, the percentage calculated shows that if you're earning around that threshold, you only pay approximately £30 a month. For careers totalling approx £50,000 pa, the payment gets to around £200-400 a month or something like that. Basically they take a percentage based on what you earn. And it gets cleared after 30 years.
Going around university open days this year, it feels like there is a much stronger focus on job prospects - I took notice of a much greater range of courses that have a compulsory placement year, and a more pragmatic outreach initiative to get students involved with work experience. An evident advocacy of involvement in university life as well, in societies, groups, projects. It feels like there is more recognition of the fact that employability is an outstanding issue for many grads, so there is more being done about it.
As far as the usefulness of uni courses goes - I've read that employers seek the skills gained in university, rather than the content of the course itself, and here I am talking about careers and jobs that don't require a specific degree. So long as you're able to convey that you know how to behave in a professional environment (reason for a lot of emphasis on work experience), work under pressure, be able to analyse and understand complicated data, research, present, and work in a team --- with the prestige of universities, this experience is performed in the fields of higher thinking, so individuals graduate as intelligent people who are, given the right guidance, also approachable in a work situation. Worded differently (since I'm tired and probably not making sense), universities provide an environment which stretches people's fields of thought and so uses this knowledge gained as a medium to apply to various workplace skills.
For example, a philosophy student enters the realms of Philosophy - the sea of knowledge to collect buckets from is vast. While they learn about philosophy with all their appetite for information about that topic, it is the university's job nowadays to provide an experience in which they learn how to use that information critically, to argue their point in an appropriate manner, to persuade correctness, to view sources and assess their reliability, to make comparisons, connections and conclusions, etc. The philosophy itself is just a medium, but the skills are applicable. The agenda nowadays is to establish a necessity to step back and realise what these skills actually are so that they are something you can talk about in a job interview, as well as to point out what's missing so that it can be covered in external opportunities like work experience or extracurricular undertakings.
There's a lot of jumbled stigmas, so these are the main points I got from some of what I know about universities nowadays.