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.
DEFINITION of 'Residential Rental Property'. A type of property that derives more than 80% of its revenue from dwelling units. Residential rental property uses the 27.5 year modified accelerated cost recovery system (MACRS) schedule for depreciation. Income from residential rental property is passive income.