The basic problem is simple: Give everyone $100 to pay for higher education and colleges will raise their prices by $100, negating the value of the aid. And inflation-adjusted aid--most of it federal--has certainly gone up, ballooning from $4,602 per undergraduate in 1990-91 to $12,455 in 2010-11..ata from the Federal Reserve Bank of New York shows that over the past decade, student loan debt has increased by 281 percent, from about $260 billion in the first quarter of 2004 to $990 billion in the first quarter of 2013 and is now higher than the country's collective credit card debt.
What is a 'Deferred Income Tax'. A deferred income tax is a liability recorded on the balance sheet that results from a difference in income recognition between tax laws and accounting methods. For this reason, the income tax payable for a company may not equate to the total tax expense reported.
For example, if a company carries forward a deferred tax asset of $100,000 and in the next reporting period has a taxable income of $500,000, it can use this deferred tax asset and reduce the taxable income to only $400,000.