GT athletic dept has amassed $229 million in debt

[zhavenor]

Question for our finance-knowledgeable folks: what is a 'non-level, back-loaded debt structure' exactly?

Not an expert but here is what I think it means. Non level mean the payments are not the same over the length of the loan. Back loaded means that the payments size increase over time or to say it a different way they will be paying more of the debt off, not just the interest of the loan, towards the end of the loan.

 

[GTFLETCH]

2014-15 Money..

GT came in at 42

Total Rev $77.2 M
Total Expenses $74.9M
Total Subsidy $7.2M

LINK
http://sports.usatoday.com/ncaa/finances/