Average Debt

According to the 2023 Graduation Questionnaire survey by the Association of American Medical Colleges, medical students who graduated in 2023 (and reported educational debt) had a median debt of:

  • $200,000 (nationwide)
  • $200,000 (University of Minnesota Medical School)

Figures include both premedical and medical school debt and are broken out in more detail below.

Indebtedness: Minnesota vs. All Medical Schools

Debt Level Minnesota (%) All Medical Schools (%)
No debt ($0) 18.9 32.6
$1 to $49,999 3.0 4.2
$50,000 to $99,999 7.6 5.9
$100,000 to $149,999 15.2 9.1
$150,000 to $199,999 12.1 13.3
$200,000 to $299,999 41.7 24.3
$300,000 to $399,999 1.5 8.8
$400,000 or more 0.0 1.8
The upper reportable limit was $600,000.   Â