The most valuable education is at the primary level (0 to 10 years old); then secondary (to 18); and tertiary education hardly has any effect whatsoever.
By the point you're an adult, you aren't being "moulded" into anything, you're merely acquiring particular useful bits of knowledge that only have value if you're going to use them.
What we have now is people spending tens of thousands to avoid earning money for several years; and thereby avoiding acquiring useful skills.
And this is an economic catastrophe which burdens everyone in society and grossly misdirects public funds.
I would be very supportive of an 12mo "generic higher learning skills" programmes being deployed at this scale. ie., something closer to a teenager-to-gradscheme transition programme which could include higher-level generic maths, writing, humanities, etc. skills.
However what we have now is a gigantic tulip-style bubble that needs bursting or else we will continue to needlessly in-debt the next generations of people.
The emperor really has no clothes on: your* degree really was a waste of money....
(* perhaps less so for HN readers )