I did a degree at a normal university, in my early 20s, and although it had its merits I think it was overall an overrated experience.
For this reason I find it hard to recommend to my own children to follow that path. Except for the sciences and vocational courses like law, medicine etc. Or if you have a have a total passion for your subject (I didn't, I just wandered into mine).
The fact that you could leave university at age 21+ with over £40K debts is also a killer for me.
Yet everyone talks about going to university, schools encourage it, and its almost seen as a rite of passage.
Am interested in others' thoughts on this and what you hope for your children.