Original post by ClickItBackMore like 'please please stop telling everybody in the world that any degree, no matter what it is, is of enough value to to make up for £27k+ in debt and the opportunity cost of 3 years without apprenticeship/work, and having me subsidise these people who will inevitably graduate with said degree and struggle to find a job they believe is commensurate with their qualification, eventually settling for signing on or a non-graduate job with little to no chance in either case of them ever returning the subsidy to me or my children'.
More generally: I think higher education is broken. The system was somewhat better when there were fewer universities and A Levels were harder, but tertiary education was free: it imposed a natural cap, by ability, on those who went on to further study. Such a system is also a far better setup for social mobility than the current system - back then, they didn't take as much account of background and went by 'grades are grades', but nowadays there is plenty of data available for universities to set differing entry criteria by family income, school type, whatever they please. As long as it is objectively shown that an AAA private schooler whose parents are on 100k+ performs equivalently on a degree to a BBB comp schooler whose parents are on 20k-, and the entry criteria are made to match this, then I would be in total support of such a system.
Nowadays, though, the supply side of higher education is gradually being marketised but the government has created a distortion on the demand side by a) providing extremely generous financing and b) not providing enough other options to develop a career post-A Level. This leads to the situation outlined above where students happily take degrees in courses that give them minimal employment prospects, to the detriment of both the individuals and government finances.
And in response to one of your other posts, while there does appear on the face of it an inefficiency in teaching archaic but 'tough' subjects (e.g. Classics) at the traditional universities vs a more revelant, practical course (e.g. Business & Management) at an ex-poly, the fact remains that the fomer is more employable than the latter. As such, many graduate employers are essentially saying that degree content is of little use to them and all they want is high academic intellect as signalled by completing a tough degree at a top university. Of course if they are simply interested in that metric then there is no need to have degrees at all, save for particular careers which directly build on degree level material and academia. Again, then, this suggests a drastic slimming of tertiary education to only include courses which cater for those particular careers/academia, if we are trying to aim for any sort of efficiency.
The alternative is to completely marketise both sides of the equation, i.e. have as many universities as they like offering whatever degrees they like with whatever entry criteria and standards they like, but also remove government funding entirely from higher education (perhaps save for the subset of degrees identified above). This will no doubt lead to most higher education spots being taken up by dumb but rich students, and may end up perpetuating significantly reduced social mobility. Hence I prefer the alternative of free but significantly narrowed, and also strongly/objectively background-adjusted, education.