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)
  • $189,000 (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 (%)
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