You have to look at the debt itself:
Was the money (debt) spent on something that generates income? Such as more suites, seats, ect.
Or was the money (debt) spent on something that looks nice and shiny? (not a problem if you are oregon, osu, texas) like a practice facility.
Can that debt eventually help pay itself off? Practice facilities=no, More seats or suites=yes.
Even though interest rates are low, 1% on $50,000,000 is still A LOT of money, and I doubt all of that debt is financed that low. It takes A LOT of donations each year just to cover the interest on that amount. Not to mention our economy sucks.
Currie is correct when he says non revenue items will be paid for with private donations (minimal debt) because all they do is get more expensive each year that they are not paid off.
So if you want us to look elite...pony up some cash!
