From an outsiders (AU) perspective, it sounds very depressing for youngsters - massive student loans and then you need to jump on the mortgage treadmill (unless you're lucky).
It almost sounds to the point where individual students could pay for personal tutors with the amount of cash they're spending* (or borrowing then spending). Someone over there must be making bank on this... I guess the banks.
Edit: As in, if you took 100 ComSci students each paying $30k a year (or whatever it is), $3,000,000 should get you some pretty good educators for the year i.e. can the game be taken back from the uni's, and education started afresh with a new organisation?