The idea that a university education is a requirement for anyone wanting a career that guarantees a comfortable lifestyle is relatively new - a post WWII development.
Demand for healthcare has also risen as western populations have aged and more conditions have become treatable. Sixty years ago there were many more health problems that you couldn't spend money on if you wanted to, because they were incurably fatal. Now a significant number of those conditions have become chronic complaints that patients can spend decades paying to treat.
I don't know how much of the cost increase in education and healthcare can be attributed to increased demand, but it seems like it must be part of the answer.
So it's relatively not so much to be within €8k per year for degree level study.
We do have 4 year MEng-s though (same length as many MPhys, MChem, MSc).
1GBP is about 1.1EUR currently (!).