Oddly enough, that's not quite a problem over here; though it can be in certain sectors. For example, if you study history but you can't find a job teaching, you're going to be looking for a long time.
However, we do have the benefit that university is extremely cheap here compared to other places. For 500-600 euros you've paid your year's tuition, no loans. It's also open to anyone, though naturally if you're a college dropout you might have to make up the difference and few find the time and energy to manage that while already doing the university course.
That's not too bad for university fees at all. I think I was paying 2 or 3 times that (all of which was deferred by the Aussie government), but I went back to my university site recently to see if they offered a post-grad by distance education in visual arts. The closest they have is a regular diploma, but they're so much more expensive than before.
This is what it says for the course (diploma of arts - it's a one year course full-time):
Approximate annual costs for your first year of study in this program are:
Study Mode Cost
Commonwealth supported AUD 6256
Domestic full fee paying AUD 17590
It's generally people who travel from outside the country who pay a larger amount, I think. I've noticed the same with universities over here. They charge more from people if they're from outside the EU.