Average Debt
According to the 2022 Graduation Questionnaire survey by the Association of American Medical Colleges, medical students who graduated in 2022 (and reported educational debt) had a median debt of:
- $200,000 (nationwide)
- $189,000Â (University of Minnesota Medical School)
Figures include both premedical and medical school debt and are broken out in more detail below.
Indebtedness: Minnesota
Debt Level | Minnesota (%) |
No debt ($0) | 23.1 |
$1 to $49,999 | 6.3 |
$50,000 to $99,999 | 8.1 |
$100,000 to $149,999 | 8.1 |
$150,000 to $199,999 | 20.6 |
$200,000 to $299,999 | 26.9 |
$300,000 to $399,999 | 5.6 |
$400,000 to $499,999 | 1.3 |
$500,000 or more | 0 |