Well don't let that get in the way Eynon of a good, old-fashioned "What are these moochers doing, thinking they're entitled to a higher education from the state?" line of nonsense.
When you dismantle your nation's education system and its availability you can expect to be left behind as the world moves forward. Not just intellectually (and boy are we heading there now) but economically, strategically, socially--pretty much everywhere.
But that said, the state providing education (or just loans for it) and the state massively profiting from it are two different things. The latter is particularly perverse.