Far more 18 year olds go to University nowadays than in the past. The Government has decided (probably correctly) that taxpayers don't want to foot the bill for this huge increase in student numbers. There are two results of this policy:
1) Many students leave with huge debts which they will be paying off into their 30s.
2) There are lots of students who are as thick as a whale omelette.
Now you could argue that the economy needs more graduates. I'm happy with that if you mean Engineers, Chemists or Computer Scientists. But do we really need graduates with Mickey Mouse degrees in Media, Footballers Wifery and Celebrity Studies; or should we stop conning them into wasting three years amassing huge debts, before discovering that they can only get a job in a call centre?