Making the path to go to a university more accessible is admirable. Entrenching this hiring practice with policy designed to enforce its implications on universities was always ill-conceived and the consequences have mostly been negative, creating a class of permanent debtors, turning universities into dysfunctional and corrupt quasi-businesses, and not really causing a significant de-stratification of job opportunities on balance at all
E.G.: More expensive vocational programs that haven't been subsidized, selecting among universities for especially "prestigious" (read "class-signaling") ones, baking cultural assumptions of the upper classes into the expectations surrounding "professionalism" in the interview process, etc