Seems to work well in the UK. Fees are set by the government and the government provides the loans. Private Uni's can set their own price but the government loa

Seems to work well in the UK. Fees are set by the government and the government provides the loans. Private Uni's can set their own price but the government loan will only only fund about £6k (£3k less than the public Uni fee). Because of this, many private Uni's set their fees at £6k and then make their money on international students.