Just three years ago, the median debt held by a public college or university was $87 million.

More recently, it has been used to pay down the portion of the national debt held by the public.

It can spend the money or reduce the part of the national debt held by the public.

That, at least, is the hope of those who hold Iraqi debt.

At the same time, the Government is paying more interest on the debt held by foreign investors.

Nervous investors, however, might not want to hold such debt.

The debt held by the public is currently $3.4 trillion.

Be sure to mark it "gift to reduce the debt held by the public."

So far, the federal government has used surplus funds to reduce its debt held by the public.

The total debt held by individuals and households is $3.4 trillion today, higher than ever.