How Much Debt?

From Minnesota Alumni Magazine Fall 2014

For the University of Minnesota Class of 2013:

  • 37 percent finished debt free, 6 percentage points below the national average
  • Among all Twin Cities campus graduates—those with and those without debt—the per capita average debt was $16,500 after four years
  • The rate of default for U alumni is 3 percent, significantly below the national average
  • The first-year student retention rate is at about 91 percent, comparable to top-flight private schools. The difference in retention rate between students of color and others is 0.5 percent

- From University of Minnesota President Eric Kaler’s testimony to the United States Senate Committee on Health, Education, Labor and Pensions. For the full text of his remarks, go to www.umn.edu/president and click on speeches and writing.

MINNESOTA ALUMNI MAGAZINE, Fall2014

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