Overview. The Department of Education spends about $30 billion a year on subsidies for higher education. The bulk of that funding goes toward student aid programs, with the balance going toward grants to educational institutions.ote that the figures for loans are the net amount of federal support, based on assumptions about loan repayments. The gross amount of loans is much largerâin fiscal 2008, the gross amount of loans was $110 billion. In recent years, Congress has expanded subsidies for higher education.
Loading the player... A tax credit is an amount of money a taxpayer is able to subtract from taxes owed to the government. The value of a tax credit depends on the nature of the credit, and certain types of tax credits are granted to individuals or businesses in specific locations, classifications or industries.
Property Transfer Tax is a land registration tax payable when an application is made at any Land Title Office in British Columbia to register changes to a certificate of title. Property Transfer Tax is payable on the fair market value of the property being transferred.