IMHO Outcome Based Funding is a better model for public education.

https://freopp.org/whitepapers/aligning-state-higher-educati...

As you might imagine this is favorable to STEM and unfavorable to the humanities. But I think that expensive private institutions are a better venue to educate students who are more insulated from economic disadvantage in disciplines with a low return on investment. It's a good thing to bias the opportunities of disadvantaged students in favor of greater earning capacity. In higher education, the lower the expected pay for a skill set, the more it should be treated as a luxury good.