University is one element of Higher Education (the continuation of study post the age of 18).
There is no set path to take and there are all types of degrees, diplomas and full or part time courses. Discuss with them what they would like to do – maybe it’s completing a degree course at the local college or looking into degree and higher apprenticeships where they can earn money and experience on the job but earn a degree at the same time.
If your young person does decide to undertake a degree and accept a student loan, the way the loan is structured means that the amount they pay back is based on how much they earn after they graduate. They will not pay back what they cannot afford and it is unlikely they will pay back the full amount.