Sadly, this is what happens when you 'marketise' a university education.
This is what happens when you try to run a business, acting like a business, pretending to be charity and run by academics who don't understand business.
Yup.
Once upon a time, Polytechnics did something different to unis, to a large extent. A prime example was 'the sandwich course', much praised by employers in tech and engineering subjects. You also had Teacher Training Colleges, Schools of Nursing, Colleges of Further Education, etc. You also had Techs as an alternative to sixth form. And you had to be 8 'O' level and 3xC + 'A' level graded to get into a uni.
Now the Techs have dropped that 'shameful' word from their names; and all the rest have become unis.
Of course you're going to get a pretty big difference in a uni that'll take DEU at 'A' level (or even a cobble together of NVQs and 'turning up for work for a couple of years'...), and another that won't look at anything less than A star, A star, A.
But let's not fool ourselves, caught up as we have been in the concept that it's a dereliction of aspiration to attend any HE institution that isn't called 'a uni'.
And in the meantime, many of our young people have been sold a big, expensive pup.
You can shriek snobbery about a cold, dispassionate analysis of the worth of certain 'degrees', in terms of benefitting that student; or the tax-payer who will ultimately be paying for that degree as the student will never earn enough to do so, but it's a reality that some unis are Mickey Mouse, and ditto some degrees.
BBC article
My DS2 is heading to a London ex-poly in Sept to do an arts related subject. He absolutely shouldn't need a degree to get a foot into the professional door, but all the employers are complicit in demanding degrees, for a look-in; all of us are complicit is 'allowing' our DC to clock up £50k debts to get entry into firms who should be providing solid in-house training and block release to college.
Quite a few unis need to fail, but I have every sympathy for those students and innocent employees inevitably caught up in that. And yes, some of the unis in financial difficulties may be RG, dazzled by the Chinese yen into building every flashier baubles to attract them.
But the VC can shove her £250k pa salary.....