Yes

The average university student will graduate with £40-50k worth of debt from their studies, that will take 9% of their income over £25k for a period of 30-40 years. If the university course is worth so little in terms of either societal good ( eg nursing) or gainful employment that they will not pay any or little of their loan back that cost will then be met by the tax payer. Then in effect the tax payer is paying for substandard courses leading to vast potential and productivity losses. Tax payers money must be spent wisely and not subsidising poor quality services.