Also there are certain people who take courses in university that will never help them get a job and will do nothing but piss away their parents money.
That's the free-choice of the student to make. All good students will study which course they'd like to take and work availability beforehand. People who don't shouldn't have signed on to University in the first place.
Here in Australia, we have Government loans for students which you pay off when you reach a certain tax threshold. Outside of students not being able to pay the debt back, it's a much better system since it shouldn't affect you until you're in a position to pay the debt off anyway.
At least Military School will beat some sense into them.
Exactly my loving problem. It's a system designed to treat people like animals and won't actually net you any skills outside of "here's how to beat the stuff out of somebody" and "here's how to answer to authority you little bitch".