Updated: May 10 | Posted: May 8
Owing $10,000 to Hamline isn't necessarily worse than owing it to St. Thomas. But some Minnesota schools, on average, saddle their borrowing students with more loan debt than others.
Minnesota students had the fifth highest per-borrower average debt in the country, according to LendEDU, a consumer-finance website that recently analyzed 2017 student loan data.
The Minnesota Private College Council disputes the LendEDU analysis' methodology. The council says, per its own analysis, that Minnesota ranks ninth in the nation for per-graduate average debt, rather than fifth. In addition, schools self-report this data, so it's not comprehensive of all the state's schools.
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• Earlier: Minnesota is a leader in student debt
The site's analysis contains a trove of information on Minnesota colleges and universities, including those whose money-borrowing students left with the most debt, per 2017 figures:
School name | Average debt per borrower (2017)| Location | Private/public
1) The College of St. Scholastica | $41,133 | Duluth | Private
2) University of St. Thomas | $40,983 | St. Paul | Private
3) Saint Mary's University of Minnesota | $39,917 | Winona | Private
4) St. Catherine University | $38,199 | St. Paul | Private
5) Augsburg University | $38,176 | Minneapolis | Private
6) Bethel University | $36,990 | St. Paul | Private
7) Hamline University | $34,935 | St. Paul | Private
8) Concordia University | $34,686 | St. Paul| Private
9) Crown College | $34,147 | St. Bonifacius | Private
10) Winona State University| $33,873 | Winona | Public