AGH you are the worst kind of example of the nucleus of the problem.
You pay nothing, NOTHING until after uni. And then you will pay only IF you earn enough to pay it back. If you never earn over £21k - you don't pay it.
Get it? Now tell all your friends.
Are you special needs ? Who goes to University to limit them selfs to earning 21k.
You need to visit speakers corner section and really read into this properly to understand the real implications of this bill passed.
Typical scenario
That pakistani fella in the video, his dad probably is some mini cab driver, get **** wages, cant afford to pay for his son's travel, accommodation, food and books.
That grant that you mention , will probably just about cover his expenses and material needed to study.
Students from poor backgrounds used to take that £2700 grant, top it up with University Busary or part time work and pay off their SLC loan.
The free grant wasn't meant to be used in that way, but a lot of poor kids were using that method to pay their fees.
Another point, not all professions have high earning potentials.
for example teaching, average salary 21-24k and they reducing grant funding by 80%.
So how the hell is a NQT going to afford to budget and pay their debt with a 20-30k debt hanging over them.
Edit:
Well off families on the other hand have most likely saved up their children's child benefit money toward University education and can afford to pay for their children education with average high earner in household making 40-60k.
So basically government have given an ultimatum, study degrees that are useful and know you will get a return on your investment.
Study a **** degree like media etc and graduate, don't manage to find a job in your field, settle for 9-5 as estate agent.
You end up in a sticky situation, **** job and money and a uni debt hanging over you.
Because a lot of people graduate and don't make it career wise, because of over subscribed courses and **** Unversities