Do you expect the money to go to people that need it? I see administration costs taking most of it for themselves, the US department of education is spent mostly on administrative matters that do not go to teachers students or anything that helps education.
The two solutions are about accountability and prevent bloat. One idea is a cryptocurrency or other ledger that prevents skimming.
My favored solution is a negative income tax, making below a certain amount entitled you to recieve cash when you file taxes. It doesn’t go through the cycle of government workers slicing the pie before expecting them to give it back but with more money, it keeps it in your pockets, rewards tax filing and will help the neediest people, creative or not, and also anyone who is down on their luck.