Some of the public funds come by way of Pell Grants. What's so terrible about poor kids getting a top-tier education?
Other mechanisms are research grants. You don't think it's in the public's interest to incentivize graduate students at top institutions to do socially beneficial research?
Help me understand what your objection is to federal policy, and what you wish federal policy were instead.
You indicated a problem with the way federal funds are spent. What section of what federal statute should be changed? In what way should it be changed?
It's an important point to keep in mind I think.