Don't be sorry. It's true.
U of T's a horrible place to be LOL.
As a graduate of their engineering program, I can tell you right now that it's a cut-throat environment in there, and I don't see how anybody would be able to work a job that pays enough to cover tuition/books/food/etc., while maintaining the ludicrous workload and pressure that you're put under. Half of the TA's don't speak english and a good 2/3rds of the profs couldn't teach their way out of a paper hat. And I'm not even going to get into how inadequate my high school education was in preparing me for the material being covered in my first year of classes.
All that crap aside, I think part of the problem is that we've fostered a society that now demands a minimum of a university diploma in something. University is expensive and always has been. IMO, what's unfair is expecting that EVERYBODY needs to have a university eductaion in order to get work. That's just stupid and unsustainable in the long run.
Anyway, here's a related cracked.com article on the matter. It's pretty well written:
http://www.cracked.com/blog/5-ways-we-ruined-occupy-wall-street-generation/