I’d rather employ people to sit around (or not) and study/do whatever productive thing they want than enforce otherwise not needed work.
Funny you mention study, because that's what people do in university and college, but in America they get a fat student loan when they graduate...
But how does that relate to a 440,000€/job/year subsidy? On paper it seems wasteful but I'm no expert in the economics of propping up the aluminium industry in Germany. Maybe it's a strategic move for national defence.