Yes it is a lot of money but for some reason people don't seem to take that into account. There is very little talk about university debts on this site. Especially as at the moment graduates are ending up with jobs which don't need a degree because of the lack of work going around.
I know a degree gives you more security for your future career as a pilot but I think it sets you back a few years not only because of the time spent in uni but because of the debts you have afterwards (in the UK), not ideal. However other countries might have fairer governments who help to fund your degree which makes it a much more attractive offer.