by our College Data Analytics TeamThis page focuses on the debt students take on to attend Mayo Clinic College of Medicine and Science— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Mayo Clinic School of Medicine specifically, 0% of first-year students take on loan debt.
For undergraduates overall at Mayo Clinic School of Medicine, 11% use federal student loans to help pay for their education, averaging $7,497 a year.
At a steady annual pace, that totals around $14,994 over two years and about $29,988 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 11% |
| Average federal loan per year | $7,497 |
| Undergraduates with a federal loan | 32 |
| Total federal loans (one year) | $239,890 |
Graduating and withdrawing students at Mayo Clinic School of Medicine carry a median federal debt of $9,066 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,066 |
| Students who completed (graduates) | $10,500 |
| Students who withdrew | $7,170 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Mayo Clinic School of Medicine.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,000 |
| 25th percentile | $5,532 |
| 75th percentile | $12,500 |
| 90th percentile (highest-debt students) | $20,000 |
How wide this percentile range is tells you how much borrowing varies across students at Mayo Clinic School of Medicine.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Mayo Clinic School of Medicine.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 81 | $17,610 |
Federal data lets us separate Stafford borrowers from the rest at Mayo Clinic School of Medicine.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 40 | $19,320 |
| No Stafford loan this year | 41 | $15,700 |
The indicators below describe what the typical debt costs to pay back at Mayo Clinic School of Medicine.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Mayo Clinic School of Medicine is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0.7% |
| Borrowers in the cohort | 140 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $12,500 |
| High income | $7,348 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,798 |
| Continuing-generation students | $10,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,000 |
| Independent students | $12,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Mayo Clinic School of Medicine.
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Did You Know?
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.