To better understand student debt in Minnesota, the Minnesota Office of Higher Education gathers information on cumulative student loan debt from Minnesota degree-granting institutions. This data details the number of students with loans by institution, the cumulative student loan debt incurred at that institution, and the percentage of students with loans for the 2011-12 to 2015-16 academic years.
Key findings from this data collection include:
Cumulative student loan debt refers to the total debt incurred while a student attends a specific institution. Debt incurred from previous institutions is not included. Cumulative debt is only reported for students that completed a certificate or degree at the given institution. The debt figures include debt from federal, state and private sources that is known to the institutions. In addition, students with no debt are not included in the median.