Back then, (when ~8% went to university) everybody got a grant to cover university fees and living expenses. If your parents were poor they contributed nothing. Mine were middle class so I got the minimum and my parents were expected to make up the difference. They did, but some kids weren't so lucky.
That has all changed into a strangely complex mechanism; now tuition fees are significant.
I hoped and expected that it would encourage people to do "worthwhile" degrees that would help them later in life, but it hasn't worked out that way.
Agreed. One of my earliest memories is with train sets, and by 10 I was playing making electric gadgets and playing with electronics. I still have the Philips EE20 instruction manual somewhere, and probably a few of the components.
Let them have fun, and later they will realise that the maths allows them to have even more fun.