CHART: Student Costs for 2-Year Degree (Associate Degree)

  • Graphic by: DAVE BRAUNGER
  • Updated: May 31, 2013 - 5:14 PM

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   3-Year Graduation and Transfer Rate   Number Receiving Federal Pell Grants  Percent Receiving Federal Pell Grants
MnSCU 2-Year Colleges
Alexandria Technical and Community College 405 271 $13,993 67%   55 8.6%   64%   821 32%
Anoka-Ramsey Community College 760 361 $14,177 48%   164 9.7%   58%   2,314 25%
Anoka Technical College 177 113 $13,900 64%   80 11.6%   49%   845 34%
Central Lakes College 509 298 $13,235 59%   141 14.0%   62%   1,596 38%
Century College 894 505 $14,636 56%   300 11.9%   43%   3,869 37%
Dakota County Technical College 351 212 $14,179 60%   84 10.5%   54%   936 26%
Fond du Lac Tribal and Community College 214 147 $15,677 69%   66 18.5%   41%   687 30%
Hennepin Technical College 575 296 $13,465 51%   174 12.3%   45%   2,212 35%
Hibbing Community College 253 166 $13,437 66%   103 17.6%   52%   842 53%
Inver Hills Community College 670 368 $15,392 55%   95 7.9%   45%   1,532 25%
Itasca Community College 204 118 $12,139 58%   47 13.9%   62%   526 44%
Lake Superior College 609 438 $15,339 72%   127 9.4%   53%   1,641 34%
Mesabi Range Community and Technical College 179 85 $12,712 47%   98 21.2%   60%   680 39%
Minneapolis Community and Technical College 831 514 $17,785 62%   388 14.1%   35%   4,927 46%
Minnesota State College - Southeast Technical 209 147 $14,548 70%   80 9.7%   52%   1,038 41%
Minnesota State Community and Technical College 911 685 $15,736 75%   303 10.8%   54%   2,487 37%
Minnesota West Community and Technical College 322 234 $14,469 73%   86 10.6%   58%   1,122 35%
Normandale Community College 979 488 $13,282 50%   184 9.0%   59%   2,703 27%
North Hennepin Community College 736 411 $14,080 56%   145 8.8%   47%   2,521 34%
Northland community and Technical College 584 474 $16,883 81%   178 13.6%   49%   1,498 35%
Northwest Technical College - Bemidji 140 114 $16,405 81%   65 13.3%   61%   592 39%
Pine Technical College 35 16 $17,212 46%   29 14.7%   56%   423 43%
Rainy River Community College 45 16 $8,521 36%   17 16.1%   75%   123 36%
Ridgewater College 508 363 $15,025 71%   145 11.5%   57%   1,617 37%
Riverland Community College 335 219 $16,058 65%   213 12.3%   58%   1,143 30%
Rochester Community and Technical College 825 486 $13,211 59%   174 10.4%   45%   2,009 32%
Saint Cloud Technical and Community College 454 310 $12,097 68%   96 8.2%   62%   1,740 39%
Saint Paul College 389 260 $14,917 67%   257 15.9%   48%   2,967 49%
South Central College 381 272 $15,385 71%   107 11.4%   44%   1,349 33%
Vermillion Community College 133 94 $15,861 71%   44 20.5%   66%   228 32%
Total - MnSCU 2-Year Colleges 13,617 8,481 $14,731 62%   4,045 12.3%   53%   46,988 36%
                         
Private Not-for-Profit Institutions
Bethel University 16 9 $23,751 56%   28 2.3%   N/A   827 24%
Concordia University - St. Paul 2 1 $17,958 50%   50 5.0%   N/A   527 29%
Crown College 14 13 $15,447 93%   13 3.4%   N/A   482 45%
Dunwoody College of Technology 405 356 $9,829 88%   91 11.9%   40%   941 61%
North Central University 11 11 $20,059 100%   13 3.8%   N/A   448 36%
Northwestern College 27 14 $14,874 53%   20 2.7%   N/A   826 28%
Saint Catherine's University 209 190 $22,946 91%   56 4.4%   N/A   1,395 37%
Total - Private Not For-Profit Institutions- Associate Degrees 684 595 $14,680 87%                
                         
Private For-Profit Institutions
Academy College 14 11 $19,803 77%   18 17.6%   43%   115 56%
Argosy University 299 284 $32,206 95%   1,124 8.2%   33%   632 42%
Art Institutes International Minnesota 63 57 $36,099 90%   77 8.3%   39%   886 44%
Brown College 149 142 $27,146 95%   58 8.5%   48%   667 56%
DeVry University-Minnesota** 4 4 $24,402 100%   4,361 13.3%   50%   200 49%
Duluth Business University 61 58 $14,974 95%   32 12.5%   34%   255 70%
Globe University 113 98 $30,108 87%   121 10.3%   49%   724 54%
Herzing University-Minneapolis** 45 41 $31,180 91%   307 8.7%   73%   176 54%
Institute of Production and Recording 127 100 $32,521 79%   11 8.6%   61%   117 30%
ITT Technical Institute-Eden Prairie** 150 138 $29,114 92%   7,127 16.5%   17%   372 55%
Le Cordon Bleu - Minneapolis/Saint Paul** 321 266 $11,331 83%   89 14.0%   63%   761 53%
McNally Smith College of Music 63 54 $31,692 85%   18 7.6%   47%   222 33%
Minneapolis Business College 113 110 $18,616 97%   12 4.0%   89%   291 81%
Minnesota School of Business 821 747 $28,281 91%   270 8.0%   34%   3,420 53%
National American University-Minnesota** 76 73 $36,017 96%   523 15.6%   10%   902 69%
Rasmussen Colleges-Minnesota 1,099 1,022 $27,411 93%   833 11.0%   43%   3,723 62%
Total - Private For-Profit Institutions -Associate Degrees 3,518 3,204 $26,921 91%                
   

*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:

  • Number of associate degree recipients
  • Cumulative student loan debt
  • Percent with loans

Integrated Postsecondary Education Data System (IPEDS):

  • Number of associate degree recipients
  • Graduation and Transfer Rates - 2010. For for-profit institutions, the rates are the percent of students in a cohort who graduate within 150% of normal time. Few institutions report transfer rates.
  • Number of federal Pell Grant recipients and percent receiving Pell Grants, 2010

Federal Cohort Default Rate Database, 2010

  • Default rates include all federal Stafford Loan borrowers who were due to begin repayment in federal Fiscal Year 2010 and defaulted in that year or the next year. The rates include students who dropped out and those who received degrees other than associate degrees.