You might like to revisit that debt figure.
Most Universities are charging £9k a year and providing as little as 10 hours per week (or even less in some cases) contact time.
Most students are now leaving University with between 40-50k of debt.
The system is broken.
Far, far too many kids pushed towards University when they really shouldn't have been, many to take Degrees which are proving fairly useless and of no interest to Employers.
Governments (of both colours) are to blame - Major for scrapping Polys and converting them into Unis, and the Blair Govt...