NJ; Many people such as you, (and I) received a free education, paid for by the older generation of taxpayers, when the standard of living was actually lower than it is now. The people griping about paying for young people now, and those who changed the rules in 1998 all had theirs free. Before the introduction of Tuition fees many women went to university at state expense, then married and brought up families, Would you consider their education was a 'waste'?
The better the education for everyone, and not just an elite few, the better and stronger will be the society. Scotland has it right and we should, if necessary, tighten our belts and follow suit.