The government's university secretary John Denham has admitted that over the last 10 years, which is since his party came to power, over £500,000 has been paid out in grants, and non-repayable loans (what's the difference?) to inmates in clink. So the answer if you have children of university age is for them to commit an offence, for which they are likely to receive 3 years, then come out with a degree but no student debt.
Except that a report by Sir Ronnie Flanagan, for the Home Office, claims that the police are so under-resourced they are virtually useless, which we know anyway. So your kids will probably commit the crime but get away with it. You can't win can you?
And in true New Labour style they have now decided to 'plug the loophole'.