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Graduate Debt

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:

  • Fewer students, across all award types, are borrowing to finance their postsecondary education.
  • Student debt increases as award type increases.
  • At the associate and bachelor's degree types, students graduating from for-profit institutions borrow more, on average, than students at public and private non-profit institutions.
  • Debt amounts for undergraduate awards declined while debt amounts for graduate awards increased.
  • Minnesota's default rate continues to stay below the national default rate.
  • States with high educational attainment also have lower default rates.

About Cumulative Debt Data

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.