I think the social life and the experience of living on your own while studying are very valuable. I live in a rural area atm, and wouldn't be able to find a decent job while living at home. Moving to uni accomodation is pretty much the most affordable way for me to move out and build a decent career for myself.
Then of course there's also the degree itself, which gives you a lot of valuable skills for high-paying jobs.(assuming you do a decent degree) I'm going to be doing Computer Science, which will be a big boost to my plans to become a software engineer. Yes, I know, I could do it independently, but it's not so easy when you're living in a rural area and have to work in a stressful retail job while you're trying to study.(if I left education, I'd have to work full time, and considering my feet are screwed up; doing a job where I'm on my feet all day full time would be incredibly stressful and painful)
I also just enjoy academic learning, and I want to keep enjoying the experience for as long as I can.
Oh and I very much doubt that we're suddenly going to be asked to pay the debt early in a decade's time like some people are worrying about, so I'm not at all panicked about the debt. Obviously though, I will be saving up after uni to pay off the debt. I'm not going to just pretend it doesn't exist.
On the other hand, I do think unis need to provide better service. I've heard about this nonsense of tutors refusing to remark work if a student contests a grade, on the basis that the student is unqualified to comment on the way that their work is graded. Technically, the student is paying ridiculous amounts of money for the uni's services, even on a loan, so surely the unis should be able to spare a small amount of their time to maintain quality control.(as in, making sure that the grading is done thoroughly to a high standard)
It's certainly not good value if you end up getting screwed over because a tutor didn't mark your work properly and failed you, so you never get the qualification that you paid the uni to help you attain.