02/15/2011 03:26 pm ET | Updated May 25, 2011

What Does $659 Million In Debt Really Mean?

By the time Charlie Eisenhood graduates, he will be $20,000 in debt. The NYU Local editor-in-chief has it relatively easy, as the average NYU student incurs almost $35,000 in loans by graduation. My own debt is a little closer to the national average, just under $24,000. But as a collective body, all of NYU students' loans tally up to a shocking $659 million -- the largest student debt of any non-profit university in the country.

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