I think £7,000 is ridiculous. It was ridiculous for me to pay £3,000 a year as a student; I had less than ten hours' worth of contact time a week, and just 20 weeks of tuition. Even taking off a thousand pounds for administration, that's £100 per lecture. Everyone should have the opportunity to go to university, but perhaps if they educated us properly in schools, not everyone would have to get a degree to compete for a dwindling number of jobs. I feel sorry for those who study vocational degrees and will never see a return on their investment. I feel equally sorry for those who would have liked to study purely for the pursuit of knowledge. Apparently, knowledge is a luxury reserved for those with rich parents.
Eek! Just read university tuition fees are going up to £6k, some as high as £9k!! http://tinyurl.com/2388q6g
As for the jobs thing, as an MA student, I'm definitely worried about the jobs climate.