Average Cumulative Student Loan Debt 2009-2010
Institution | Number of Degree Recipients | Number with Loans | Average Cumulative Student Loan Debt for Those with Loans* | Percent with Loans | Number of Borrowers in Default | Two-Year Cohort Default Rate | 4-Year Graduation Rate | 6-Year Graduation Rate | Number Receiving Federal Pell Grants | Percent Receiving Federal Pell Grants | |||
MnSCU 4-Year Universities | |||||||||||||
Bemidji State University | 719 | 537 | $22,185 | 75% | 63 | 5.8% | 27% | 50% | 1,440 | 30% | |||
Metropolitan State University | 1,499 | 873 | $21,161 | 58% | 96 | 5.8% | 4% | 26% | 1,910 | 29% | |||
Minnesota State University-Mankato | 2,212 | 1,619 | $25,426 | 73% | 152 | 4.8% | 20% | 49% | 3,417 | 26% | |||
Minnesota State University-Moorhead | 1,229 | 953 | $26,871 | 78% | 67 | 3.6% | 18% | 42% | 2,017 | 29% | |||
Saint Cloud State University | 2,330 | 1,657 | $24,837 | 71% | 165 | 5.0% | 19% | 47% | 3,931 | 24% | |||
Southwest State University | 492 | 346 | $22,472 | 70% | 56 | 6.7% | 19% | 39% | 902 | 14% | |||
Winona State University | 1,433 | 1,006 | $27,217 | 70% | 47 | 2.5% | 25% | 54% | 1,749 | 22% | |||
MnSCU 4-Year Universities-Totals | 9,914 | 6,991 | $24,813 | 71% | 646 | 5.0% | 15,366 | 25% | |||||
University of Minnesota | |||||||||||||
University of Minnesota-Crookston | 190 | 150 | $23,673 | 79% | 18 | 5.0% | 22% | 37% | 443 | 19% | |||
University of Minnesota-Duluth | 1,725 | 1,311 | $29,056 | 76% | 55 | 2.4% | 26% | 54% | 2,158 | 21% | |||
University of Minnesota-Morris | 296 | 213 | $23,435 | 72% | 19 | 5.1% | 54% | 66% | 505 | 30% | |||
University of Minnesota-Twin Cities | 6,758 | 4,325 | $26,363 | 64% | 190 | 2.2% | 46% | 66% | 6,923 | 21% | |||
University of Minnesota-Totals | 8,969 | 5,999 | $26,727 | 67% | 282 | 2.6% | 10,029 | 21% | |||||
Private Not-for-Profit Institutions | |||||||||||||
Augsburg College | 627 | 502 | $24,408 | 80% | 43 | 4.3% | 37% | 56% | 960 | 31% | |||
Bethany Lutheran College | 137 | 111 | $26,519 | 81% | 6 | 3.7% | 72% | 78% | 244 | 38% | |||
Bethel University | 839 | 611 | $29,858 | 73% | 28 | 2.3% | 65% | 75% | 827 | 24% | |||
Carleton College | 497 | 219 | $19,436 | 44% | 3 | 1.1% | 90% | 93% | 250 | 12% | |||
College of St. Benedict | 486 | 345 | $34,708 | 71% | 6 | 1.3% | 79% | 84% | 414 | 20% | |||
College of St. Scholastica | 712 | 534 | $34,664 | 75% | 37 | 3.7% | 57% | 66% | 811 | 29% | |||
Concordia College - Moorhead | 532 | 420 | $32,271 | 79% | 12 | 1.8% | 63% | 68% | 642 | 23% | |||
Concordia University - St. Paul | 420 | 391 | $36,295 | 93% | 50 | 5.0% | 33% | 50% | 527 | 29% | |||
College of Visual Arts | 16 | 13 | $34,093 | 83% | 1 | 1.6% | 29% | 34% | 77 | 41% | |||
Crown College | 226 | 174 | $24,953 | 77% | 13 | 3.4% | 39% | 53% | 482 | 45% | |||
Dunwoody College of Technology | 32 | 29 | $10,784 | 90% | 91 | 11.9% | NA | NA | 941 | 61% | |||
Gustavus Adolphus College | 586 | 416 | $26,720 | 83% | 9 | 1.6% | 81% | 83% | 475 | 19% | |||
Hamline University | 437 | 337 | $36,299 | 77% | 48 | 3.6% | 62% | 72% | 563 | 29% | |||
Macalaster College | 468 | 322 | $19,649 | 69% | 3 | 0.9% | 84% | 87% | 279 | 14% | |||
Martin Luther College | 133 | 94 | $18,415 | 71% | 1 | 0.6% | 45% | 71% | 230 | 30% | |||
Minneapolis College of Art and Design | 136 | 118 | $38,335 | 87% | 11 | 5.2% | 53% | 59% | 217 | 33% | |||
North Central University | 202 | 162 | $27,689 | 80% | 13 | 3.8% | 13% | 40% | 448 | 36% | |||
Northwestern College | 561 | 460 | $20,506 | 82% | 20 | 2.7% | 49% | 68% | 826 | 28% | |||
St. Catherine University | 523 | 429 | $33,610 | 82% | 56 | 4.4% | 37% | 58% | 1,395 | 37% | |||
St. John's University | 429 | 283 | $30,705 | 66% | 7 | 2.0% | 73% | 83% | 316 | 16% | |||
St. Marys University of Minnesota | 229 | 172 | $30,237 | 75% | 33 | 2.2% | 51% | 59% | 462 | 22% | |||
St. Olaf College | 716 | 465 | $26,115 | 65% | 10 | 1.8% | 83% | 86% | 459 | 15% | |||
University of St. Thomas | 1,289 | 864 | $32,619 | 67% | 46 | 2.1% | 57% | 72% | 1,125 | 18% | |||
Totals -Not-For-Profit Institutions- Bachelor's Degrees | 10,233 | 7,471 | $29,125 | 73% | |||||||||
Private For-Profit Institutions | |||||||||||||
Academy College | 17 | 15 | $32,804 | 88% | 18 | 17.6% | 25% | 50% | 115 | 56% | |||
Argosy University** | 15 | 14 | $45,454 | 95% | 1,124 | 8.2% | 33% | 632 | 42% | ||||
Art Institutes International Minnesota | 247 | 227 | $55,203 | 92% | 77 | 8.3% | 32% | 51% | 886 | 44% | |||
Brown College | 191 | 185 | $50,534 | 97% | 58 | 8.5% | 21% | 28% | 667 | 56% | |||
Capella University (Minnesota residents for cum. debt) | 92 | 58 | $22,835 | 63% | 903 | 7.0% | 0% | 0% | 4,767 | 57% | |||
DeVry University-Minnesota** | 35 | 30 | $36,818 | 87% | 4,361 | 13.3% | 50% | 50% | 200 | 49% | |||
Globe University | 45 | 43 | $44,824 | 96% | 121 | 10.3% | 19% | 19% | 724 | 54% | |||
Herzing University-Minneapolis** | 3 | 3 | $22,815 | 100% | 307 | 8.7% | 73% | 176 | 54% | ||||
ITT Technical Institute-Eden Prairie** | 24 | 22 | $47,319 | 90% | 7,127 | 16.5% | 7% | 21% | 372 | 55% | |||
McNally Smith College of Music | 62 | 43 | $47,550 | 70% | 18 | 7.6% | 38% | 46% | 222 | 33% | |||
Minnesota School of Business | 312 | 287 | $45,244 | 92% | 270 | 8.0% | 19% | 3,420 | 53% | ||||
National American University-Minnesota** | 56 | 55 | $49,507 | 98% | 523 | 15.6% | 8% | 902 | 69% | ||||
Rasmussen Colleges-Minnesota | 120 | 113 | $41,551 | 94% | 833 | 11.0% | 39% | 3,723 | 62% | ||||
University of Phoenix-Minneapolis/St. Paul** | 76 | 59 | $31,805 | 78% | 41,148 | 17.9% | 1% | 7% | 207 | 51% | |||
Totals - For-Profit Institutions- Bachelor's Degrees | 1,295 | 1,155 | $45,079 | 89% |
*Average student loan debt incurred at the institution for those with loans. Includes loans from federal, state, private and institution sources. Debt is the amount known to the postsecondary institution.
**Default rates are for a national chain that includes institutions in Minnesota
Sources of data:
Data reported to OHE in fall 2012 by the University of MN, MnSCU, MN Private Colleges and individual non-profit and for-profit institutions:
Integrated Postsecondary Education Data System (IPEDS):
Federal Cohort Default Rate Database, 2010