Money for “education” sounds like a good idea, but:
1) IMO, even if the USA produces great engineers, the powers that be will find excuses to import workers to replace them, or ship the jobs overseas. And since students know that, more of them will go into other fields, like law, and again IMO, we don’t need more lawyers.
2) As another poster pointed out, universities have replaced History with “Herstory,” various ethnic studies, etc. Not entirely, but IMO, to a disturbing extent.
3) Two words: William Ayers.
The pattern has been clear for 30 years: the more money made available to “help pay” for education, the higher the education costs. Our tuitions have gone from about $12k when I first got here 23 years ago to almost $30k. You’ll find that the amount of “student aid” has increased almost exactly proportionally.