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 and click on speeches and writing.


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