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 vs. nationwide
| 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 |