This post has taken me ages, on and off, so sorry if it's crossed with loads of others, but:
'It is not about penalising the privileged - it's about giving opportunities to the under-privileged'.
Well, yes, easy to say, not so easy to do.
We already have almost 50% of young people going to university - many on A level grades of D and below, or with other 'alternatives' to A levels, that are taken by people not capable of passing A levels at all. And poor children have their fees paid for them, whilst others (who are very far from rich) do not. So we now have a truly two-tier system in higher education. This has been as a result of trying to 'open up' higher education to all, and trying to give educational and social mobility to working class and disadvantaged children.
It's like when GSCES were invented to do away with the two-tier GCE and CSE which disavantaged poorer children by showing them up in comparison tables. And what happened? They didn't achieve at GCSE compared to their middle class counterparts, and they made the government attainment targets look bad.
So then Foundation level GCSE's were invented, where it is much easier to achieve a C grade than in the higher level GCSE, but your certificate just says 'C' grade, not 'C' at Foundation level.
So now, teachers could work on getting non-academic children to C grade Foundation level in 5 subjects, so they could say they had hit the target of 5 A-C grades at GCSE. (And then it became necessary to bring in A* grades to distinguish between levels of brightness.)
But that still didn't work, so they invented other vocational courses at school that took up more curriculum time, and thus could be counted as 3 C grades (in things like Dance, and Beauty therapy, car maintenance) so the children who couldn't even manage a foundation level C grade could still say they had 5 A-C 'equivalents'.
So one boy I know is fond of saying he has 11 GCSEs at A-C grade. He doesn't. He has 3 or 4 foundation level grade Cs and a bunch of other stuff that has nothing to do with education, but that may or may not help him in securing skilled manual employment one day, or being able to do a 'street dance' turn at a Christmas party.
Meanwhile, thousands of children from poor and disadvantaged homes are still leaving the state education system unable to read and write properly....
But nothing really changes. The people taking 'good' degrees at 'good' universities will still get the 'good' jobs at the end of it all. And I'll bet most of them will be perceived to be from 'advantaged' backgrounds.
At least we knew that 25 years ago, if a child from a poor background went to uni, it was on a full grant, and in the knowledge that they were intellectually equal to the other students, even if they didn't feel socially 'equal'.
We have no hope of giving full grants to anyone ever again, because of the sheer numbers involved now. And we are giving false hope to thousands of mediocre students, year on year. But hey - so long as poor children are going, it's all fine.