No. It's a Sybil attack on subsidy to help ppl of different means equally make room for education in their lives. No one is "making money" unless they are committing fraud. They are being put on an equal playing field -- the subsidies are seemingly directed at the individual, but are terraforming [of the field] in nature, not for enrichment of the individual.
I was able to get educated with full focus on that task, because my family prioritised saving for my education. I want others, without such privilege, to have access to such opportunity.
If you choose to frame it also that "your parents paid you to consume free education", then so be it. But let's not pretend the state is doing something strange or against its core mission here