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:
- $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. 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 |