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"Subsided" means collapsed and fallen into a hole. I daresay there are schools so decrepit they might subside. There are probably many students who wish their schools had subsided.

However, you are probably thinking of "subsidised" which means "partly paid for by another". A subsidised private school might be one party funded by tuition fees and partly by government grants, or one where part of the funding is taken up by a corporation or church.

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Q: What is subsided schooling?
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