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. |