The thing is though, private education systems has shown to produce cost explosion as education is a needed thing and no one is controlling the costs. State financed education has a much better cost control. Like they don't build insanely expensive stadiums or put a grand piano in the cafeteria (seen this at a US university).
Seeing as how many people waste time and money at university, I think it is good that they either waste their own or their parents' money.
Probably a better system would be where the top 20% of universities are national and free (with competitive entry) and the rest is private.