That explosion plot is pretty bad. No y axis. Unclear if it includes tuition and loans (which are paid or owed by students). Loans are ~50% of "ED appropriations", and only ~$21 million was distributed to students in 2021. But in the plot is looks like spending was around 150 billion (hard to say with no y axis) but ~50% was loans? And the source is just a vague Dept of Ed, with a link at the very bottom of the page to every single table published by the Dept of Ed, so have fun checking the source.

I'm not criticizing your take, although I suspect teachers might lose more than their lunch, just pointing out how terrible the plot is.