What is the future of education in this country?

[haele]

8. Also colleges and Universities that get government grants for research.

Those are going to be slashed also. Investing for Innovation purposes is not something that's immediately profitable.
Most corporations (unless they're strictly local) don't care about an educated workforce or quality of life. They can always drop underperforming goods, services, or locations and move on to "greener fields". Their duty is to their Corporate profits and stockholders.
Businesses will, because businesses tend to be locally owned and managed, even if that business is part of a corporation. Businesses will understand that a well educated workforce, vendors, and a surrounding community with decent wages will support the sustainable revenue that business requires.

The Billionaires aren't trying to run this country like a business. They're trying to run it like a Corporation, and they're the C-suite. And their investors, their "Stockholders" are other Foreign Corporate Organizations, including Governments, that can pay to play.