University isn't a homogeneous experience. The graduate who got mediocre grades, went to a mediocre university and drank their way through a degree isn't going to have the same exit prospects as someone who made the most of being at a higher education institution.
Is Newcastle something that's considered to be a 'mediocre' university?
I think that I should aim high and reap the rewards. University looks like the way to go for me, a more prestigious and more fulfilling environment where I have time and space to decide where I want to go. I suppose a more respected university is always going to be a more respected university, in all walks of life. I might want to go into Finance or banking and I think that's more of a possibility with a solid degree from a good university, than a vocational degree from a mediocre one.
Also, the student loan is probably one of the best and only legitimate reasons to take out a loan, is it not? It's not as though I'm going to be taking out a loan to go on a holiday, or to buy myself a new TV, my education is priority and so I don't think you can have a better reason for taking out a loan. It's also a low-interest loan that gets paid as if it were tax.
Obviously, financially, the Apprenticeship seems to be the best solution (at least in the short term), but I have no need to rush off and start work, I would rather build a stronger academic background and keep all the doors open, finance, tech start ups, whatever, I don't want to do D&T only to find out that it won't pass through the HR filters of the large firms and whatnot.
Either option seems quite attractive and I have been progressed onto the Interview stages of the CapGemini Apprenticeship scheme so I believe that If I don't make the grades for Uni, entering the apprenticeship would be the next best thing. I'm not going to deny the offer, should they offer me it, as it does look good and a much better option than if I were to just enter and pay for a lesser Uni. What would be the best of both worlds though, would be to do a Sponsored degree, as in the company pays for my course and I sign a contract to work with them for 'x' number of years afterwards. Cap used to do this beforehand, but replaced it with the Apprenticeship instead. Do you think that I should bother asking them about a sponsored degree, as they had done it before so obviously it brought value to their company, or do you think I should just leave it as it is?

^ Would give me the flexibility and the stronger academic background that I would want, so it really is the best of both worlds
Also for more info on what I mean by a sponsored degree, see here -
http://www.ncl.ac.uk/sage/study/undergrad/sevcon/index.htm