Personally I am not sure more hours teaching necessarily equates to a better university education, though. The main problem I find in my own students (all straight As at A-level, as we accept nothing lower) is that they are not used to independent reading. They get to university with the expectation that there will be a teacher on hand to tell them what they need to know, so they won't have to struggle with reading books or thinking things out for themselves.
What employers want otoh is independence, the ability to cope with material on your own.
I would doing those students a massive disservice if I delivered everything they needed to know through 30 hr/week lectures. And seminars are a pretty useless form of teaching unless students spend enough time studying on their own to actually have something to discuss when they get to the seminar.
What students need is a programme that has been carefully thought through: lectures that stimulate them to go off and do their own reading, seminars that help them to make sense of it and stimulate further reading.
Our students get around 12 of contact time/week and on top of that they can come and find me during my office hours. That leaves them 28 hours for reading and writing and preparing things to discuss with me. Seriously they need that time.
But a big problem with student fees is that many students have come to see an education as something that they have already paid for and that it is therefore up to somebody else to deliver. Whereas anyone who works in the field knows that an education is primarily about what you do for yourself, hopefully with expert support and guidance. It's a bit like employing an athletics coach: it may make all the differences to your chances in the Olympics but it won't get you out of doing the actual training. Lots of students these days seem to think that since they have already paid, it should be the coach doing the push-ups 