Because how you spend your time is different when you need to work for a living and when you do not. If that's not transparent, this can't really be discussed. Spending 4 years and $300,000 is "fine" if you have a trust fund and "extremely stupid without a return-on-investment" if you don't.

Because the poor will suffer tremendously if they are ill equipped for the job market. If we want to have education have a strong humanistic focus then we should start by changing society in other places. Or we'll get unemployed and suffering well rounded human beings.

Regardless, at the moment education does not seem to be doing great on either the humanistic or "pragmatic" axis.