The authors also consider the impact that future interest rate increases may have on these debt loads and provide separate estimates of how debt levels would grow under differing circumstances.
The PBO report said earlier budget costings tended to underestimate the true cost of student debt because they did not include estimates of doubtful debt and the cost of the government paying interest on borrowings to pay for student loans.
Indeed, a few years ago, estimates of its debt ranged from tens to hundreds of millions of dollars.
24: The average debt, in thousands of dollars, of college students who took out loans and graduated last year, according to Mark Kantrowitz, publisher of FinAid and Fastweb, who has compiled the estimates of student debt.
"In the coming years, a lot of people will still be paying off their student loans when it's time for their kids to go to college," said Mark Kantrowitz, the publisher of FinAid.org and Fastweb.com, who has compiled the estimates of student debt, including federal and private loans.
With estimates of bad debt on the books of financial institutions running into the trillions, it's unclear whether all the governments in the world have enough money to fill this gigantic hole, even if they kept the printing presses rolling from now until the 2010 Super Bowl.
The data examined in this review indicate that estimates of oxygen debt and its metabolic correlates should be included in studies of experimental shock and in the management of patients suffering from hemorrhagic shock.
There are more serious questions about the future of Dubai Holding, with an estimated $12 billion of debt.
But it does point to where future battle lines will be drawn.The city, which filed for bankruptcy last year, has an estimated $18 billion of debt and has seen its population fall by more than half since 1950.
