<p>All colleges have expenditures. Yes, I know that. However, NYU is paying off all their properties, most of which are in the village (the third most expensive zip code in NYC), which means that each building is costing a fortune yearly. There are 43,000 students (which I realize a few schools have) however, most schools that are this size either have (1) state funding or (2) much larger endowments (e.g. UM). Compared to other top colleges, we have a small endowment. Compared to other top colleges, our expenses are most likely astronomical. Most other colleges in cities have already paid off their buildings. NYU has only just recently purchased all of their buildings, which are still being paid off. So yes, all the expenditures I listed are relevant. I would think everything that costs money would be relevant to an expenditure, since ya’ know… It’s an expenditure?</p>