Blair wanted to increase access - or at least used that as an excuse to introduce tuition fees and loans to cover them (£1k back then and would only “increase with inflation”. Thanks, Tony /s
It wasn’t the great equaliser it was spun as, because of course it wasn’t about increasing access (working class kids used to be awarded grants, not given loans - actually everyone was given a grant, I know someone whose family are very well off, he went to Cambridge and unbelievably was given a grant) and as ever, affluent kids just had their fees and living costs paid by their parents, whilst poorer kids got to take on a load of debt and work their way through to supplement the loan (which will then impact on their ability to buy a house further down the line.) It was always about getting rid of free university education.
We still need to increase access to those who would struggle financially, or for whom uni isn’t on their radar because historically it’s not what people in their family do. Social mobility has stalled in the last couple of decades.
With more people attending, the value of some degrees was diminished over time (and some offerings and establishments were never valuable in the first place.)
People are slowly wising up; I see more apprentice schemes than a few years ago. Although lots of entry level jobs still by default require a degree, I hope this lessens over the next decade or so. Anecdotally, a couple of friends have bright kids who have chosen apprenticeships over uni; one in engineering, one in cyber security so decent career paths. If my own kids want to go to uni I will support their choice but will also show other options.
I think companies are short sighted in expecting a degree for every role; especially these days when people often switch careers.
I don’t have one (no choice, had to leave home) and have worked my way up to my current job; my partner has a lowly HND and again, earns very well in a senior role advising other companies. A degree is not the be all and end all.