EdPaysMN - Education Pays for Minnesota

Student Loan Debt

Cumulative student loan debt refers to the total debt incurred while a student attends a specific institution. Specifically, the debt figures include debt from federal, state and private sources that is known to the institution while the student was in attendance. Cumulative debt is only reported for students that completed a subbaccalaureate certificate or degree at the given institution. Debt incurred from previous institutions is not included. Additionally, students with no debt are not included in the median. Student loan debt has become a growing issue of concern not just nationally, but in Minnesota as well. Borrowing for postsecondary education nationally has increased by 89 percent over a 10-year time period from 2004 to 2014. During this same time period, there was a 77 percent increase in the average balance size of borrowers. Locally, Minnesota ranked fifth in the nation in average student debt, while ranking third in the percentage of students holding debt (70 percent).

Identify the percentage of graduates with student loans and their median cumulative student loan debt by degree level, institution type, and institution. The data are divided into three heat map colors based on quartiles allowing the user to graphically sort the data.

 



Legend:
               < 25th Percentile
               >= 25th Percentile and <= 75th Percentile
               > 75th Percentile
Data shown in the below heat map is for the academic year 2014/15.
Institutions Graduates with Loans Median Cumulative Student Loan Debt
Argosy University/Twin Cities 0.975 97.5 % Bottom quartile   46563 $46,563 Bottom quartile  
Augsburg College 0.735340729 73.5 % Mid-range   27000 $27,000 Mid-range  
Bemidji State University 0.770833333 77.1 % Mid-range   24314 $24,314 Top quartile  
Bethany Lutheran College 0.885416667 88.5 % Bottom quartile   28000 $28,000 Mid-range  
Bethel University 0.765661253 76.6 % Mid-range   26350 $26,350 Mid-range  
Carleton College 0.406570842 40.7 % Top quartile   19000 $19,000 Top quartile  
College of Saint Benedict 0.730688935 73.1 % Mid-range   29456 $29,456 Mid-range  
College of Saint Scholastica 0.79004329 79.0 % Mid-range   29500 $29,500 Mid-range  
Concordia College 0.764705882 76.5 % Mid-range   15500 $15,500 Top quartile  
Concordia University-St. Paul 0.805996473 80.6 % Mid-range   25000 $25,000 Mid-range  
Crown College 0.77540107 77.5 % Mid-range   28500 $28,500 Mid-range  
Dunwoody College of Technology 0.894736842 89.5 % Bottom quartile   35500 $35,500 Bottom quartile  
Gustavus Adolphus College 0.676948052 67.7 % Top quartile   27000 $27,000 Mid-range  
Hamline University 0.845652174 84.6 % Bottom quartile   26794 $26,794 Mid-range  
Herzing University 0.970588235 97.1 % Bottom quartile   45294 $45,294 Bottom quartile  
Macalester College 0.685057471 68.5 % Top quartile   20364 $20,364 Top quartile  
Martin Luther College 0.693430657 69.3 % Top quartile   25157 $25,157 Mid-range  
McNally Smith College of Music 0.383333333 38.3 % Top quartile   16863 $16,863 Top quartile  
Metropolitan State University 0.675925926 67.6 % Top quartile   19280 $19,280 Top quartile  
Minneapolis College of Art and Design 0.84 84.0 % Mid-range   28500 $28,500 Mid-range  
Minnesota State University Moorhead 0.746898263 74.7 % Mid-range   26229 $26,229 Mid-range  
Minnesota State University, Mankato 0.721550646 72.2 % Mid-range   26654 $26,654 Mid-range  
National American University (Roseville) 0.927536232 92.8 % Bottom quartile   57500 $57,500 Bottom quartile  
North Central University 0.846153846 84.6 % Bottom quartile   30438 $30,438 Bottom quartile  
Oak Hills Christian College 0.777777778 77.8 % Mid-range   16512 $16,512 Top quartile  
Presentation College (Fairmont) 1 100.0 % Bottom quartile   40242 $40,242 Bottom quartile  
Rasmussen College-Minnesota* 0.883534137 88.4 % Bottom quartile   36318 $36,318 Bottom quartile  
Saint John's University 0.709677419 71.0 % Mid-range   28850 $28,850 Mid-range  
Saint Mary's University of Minnesota 0.746741155 74.7 % Mid-range   24748 $24,748 Mid-range  
Southwest Minnesota State University 0.802816901 80.3 % Mid-range   25788 $25,788 Mid-range  
St. Catherine University 0.842192691 84.2 % Bottom quartile   35790 $35,790 Bottom quartile  
St. Cloud State University 0.752610077 75.3 % Mid-range   27085.5 $27,086 Mid-range  
St. Olaf College 0.569875776 57.0 % Top quartile   27000 $27,000 Mid-range  
University of Minnesota Crookston 0.735660848 73.6 % Mid-range   22928 $22,928 Top quartile  
University of Minnesota Duluth 0.753027909 75.3 % Mid-range   26756 $26,756 Mid-range  
University of Minnesota Morris 0.606951872 60.7 % Top quartile   23910 $23,910 Top quartile  
University of Minnesota Rochester 0.825688073 82.6 % Mid-range   24740 $24,740 Mid-range  
University of Minnesota Twin Cities 0.600379301 60.0 % Top quartile   24000 $24,000 Top quartile  
University of Northwestern - St. Paul 0.793721973 79.4 % Mid-range   33238 $33,238 Bottom quartile  
University of St. Thomas 0.671005061 67.1 % Top quartile   29500 $29,500 Mid-range  
Winona State University 0.751257686 75.1 % Mid-range   27821 $27,821 Mid-range  
Source: Minnesota Higher Office of Education
Note:
* Institution provides combined data for multiple campuses in different cities which may be located in another planning region than shown.