Heh, a similar thing happened in Australia. If you recall my ancient (in Internet terms) post Art is a Threat, a point that I did not raise there, but probably could've squeezed its way in - several years ago, an Australian government that was facing mounting pressure from good, quality journalism announced that they would subsidise less of that degree for Australian students.
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Oh no, our society is getting too educated and calling us out for our flaws! Let's ruin the education system and the whole country!