This is mostly a problem of the Anglo-Saxon world. In continental Europe, for the most part, at least AFAIK, publicly owned universities are harder to get in, h

This is mostly a problem of the Anglo-Saxon world. In continental Europe, for the most part, at least AFAIK, publicly owned universities are harder to get in, harder to get a degree from, and valued much more in the job market. The upside is that the education is subsidized by the government to the point of being roughly that expensive. I.e. one enrolls in a privately-owned, for-profit universities if they have the money, but don't want to work their arse off to get a degree, or don't have good enough grades from the secondary education to qualify for public unis.