I think fees are contributing more than people realise, or perhaps like to think. The bureaucrats who allowed the fee rise are particularly guilty of this in my opinion - "Tuition fees aren't to blame! It just happens to be a coincidence that applications have fallen for the two years the new fee rate has been in place!"
I have a (lunatic) friend studying medicine with an integrated degree also (so, 6 years compared to 5) and he's already considering doing a Masters afterwards. 7 years at university would equal a £63,000 bill for the education alone, not to mention living costs - the poor bugger's studying in London. He could easily wind up with a debt pushing the 100 grand mark. Which is crazy.
Now, this is quite a specific case, granted, and I know the argument "You don't pay it back until you're earning £21K or over", but one of the reasons for pursuing tertiary education is to break into that higher pay bracket.
Education is a right, not a privilege. The politicians who allowed the rise in fees went to university for free and have no clue what it's like to be landed with a debt of such magnitude so early on in your adult life. It's essentially a mortgage for your education.
Ultimately, it boils down to the fact that we are going to be paying tens of thousands of pounds for a degree which was previously free of charge, or very cheap. Which I think is completely unfair.
I'm still going to pursue a degree and hopefully a Masters after that because I want to go into a fairly specific field, and I know that tertiary education is going to be the only way for me to break into that. But I'm very uneasy about the fact that my degree is going to be terrible value for money compared to years gone by.
At the very least they could subsidise the more vocational degrees - medicine, dentistry, opthamology, paramedic science, etc.