Well it benefits everyone to have as educated workforce as possible. Unfortunately university has become about delaying entering the workplace (in a lot of cases) while learning almost nothing useful. Domestically it was possibly the worst move labour made in government in my opinion, so hard to reverse the trend of university being the default. The whole system is designed to load debt onto kids and is mental really.
Part of the blame should be placed on further education itself. They shouldnt be offering some of the crappy courses that they do but like everyone else these days they cant resist going for the cash.