Average Debt
According to the 2020 Graduation Questionnaire survey by the Association of American Medical Colleges, medical students who graduated in 2020 (and reported educational debt) had a median debt of:
- $200,000 (nationwide)
- $207,625 (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) | 13.5 | 26.6 |
| $1 to $49,999 | 8.5 | 5.4 |
| $50,000 to $99,999 | 2.8 | 6.1 |
| $100,000 to $149,999 | 11.3 | 8.2 |
| $150,000 to $199,999 | 18.4 | 13.7 |
| $200,000 to $299,999 | 39.0 | 25.1 |
| $300,000 to $399,999 | 5.7 | 11.2 |
| $400,000 to $499,999 | 0.0 | 2.9 |
| $500,000 or more | 0.7 | 0.9 |