Students continue to rely on loans to finance their postsecondary education. The Office of Higher Education surveyed Minnesota postsecondary institutions to collect data on cumulative student loan debt on graduates over the past three years. The report [ Appendix ] includes cumulative median debt for students receiving sub-baccalaureate certificates, associate degrees, bachelor's degrees, master's degrees, doctorates and first-professional degrees in Minnesota by institution.
Median Debt Among Minnesota Graduates by Degree Type, 2012-2015
Source: Minnesota Office of Higher Education
Cumulative student loan debt refers to the total debt a student incurred while attending and graduating from the same institution to complete a certificate or degree. The debt figures include debt from federal, state and private sources that is known to the institution while the student was in attendance. Any debt incurred from any previous institution attendance, if not the graduating institution, is not included. For students completing graduate degrees (master's level or higher) debt data was only reported for their graduate degree, and did not include any undergraduate debt they may have incurred. Students who had no debt are not included in the median.
This report provides data on median debt. Median is the value for which half of borrowers borrowed more and half borrowed less. Many reports on student debt use average debt, rather than median debt.
Related Information in Minnesota Measures