Average Debt
According to the 2021 Graduation Questionnaire survey by the Association of American Medical Colleges, medical students who graduated in 2021 (and reported educational debt) had a median debt of:
- $203,000 (nationwide)
- $197,000 (University of Minnesota Medical School)
Figures include both premedical and medical school debt and are broken out in more detail below.
Indebtedness: Minnesota vs. nationwide
| Debt Level | Minnesota (%) | All Medical Schools (%) |
| No debt ($0) | 11.2 | 27.2 |
| $1 to $49,999 | 5.3 | 6.0 |
| $50,000 to $99,999 | 10.1 | 6.2 |
| $100,000 to $149,999 | 11.8 | 8.9 |
| $150,000 to $199,999 | 15.4 | 13.1 |
| $200,000 to $299,999 | 40.8 | 24.3 |
| $300,000 to $399,999 | 4.1 | 10.6 |
| $400,000 to $499,999 | 0.6 | 2.7 |
| $500,000 or more | 0.6 | 1.0 |