It's worth reading about what is happening to the British tertiary education system through Crooked Timber. A sample quote:
If you see universities overwhelmingly through the optic of access to labour-market advantage and you think that social justice is about opportunities for this, then a scheme that loads the costs onto the direct beneficiaries can start to look plausible. In my view, a conception of social justice that confines itself to equalizing opportunties to get a better position in a system of radically unequal outcome is a radically deficient conception. A scheme where higher educatation conferred fewer differential benefits because fewer such benefits existed would be a superior one.