No, you subsidize people doing poorly paid but highly educated work in fields like public health work, education, and non-profits. You also subsidize people getting the basic education required for many jobs.
Many jobs do not require the "basic education" that a college degree provides - a HS education is entirely sufficient, and was widely regarded as such even as late as a few decades ago. It's a wasteful credential-chasing arms race, and the more we keep subsidizing it the worse it will get for everyone involved.
Much like welfare and food subsidies in my view its morally unacceptable when you start judging an individual's worthiness rather than their need.