2022 Best Value Colleges for Medicine in Minnesota (With Aid)

When it comes to choosing a college, students have a lot of options - but not all of them are good. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Value Medicine Schools in Minnesota For Those Getting Aid” ranking is part of that endeavor.

Medicine is the 54th most popular major in the country with 27,562 degrees awarded in 2019-2020. In 2017-2018, medicine graduates who were awarded their degree in 2015-2017, earned an average of $54,795 and had an average of $169,628 in loans still to pay off.

Across Minnesota, there were 248 medicine graduates with average earnings and debt of $55,400 and $132,131 respectively.

This year’s “Best Value Medicine Schools in Minnesota For Those Getting Aid” ranking analyzed 2 colleges that offered a degree in medicine. The schools that top this list are recognized because they have great medicine programs and cost less that schools of similar quality.

When determining these rankings, we looked at things such as overall quality of the medicine program at the school and the cost to attend the school once aid has been awarded. Check out our ranking methodology for more information.

More Ways to Rank Medicine Schools

Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Medicine Schools in Minnesota For Those Getting Aid” list, to help you choose the best school for you.

We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. Go ahead and give it a try, or bookmark the link so you can check it out later.

Best Value Medicine Schools in Minnesota For Those Getting Aid

The colleges and universities below are the best for minnesota medicine students with aid.

Top 2 Best Value Colleges for Medicine in Minnesota (With Aid)

#1

Mayo Clinic School of Medicine

Rochester, Minnesota

#1 in overall quality

$80,720 Average Early-Career Earnings

Out of the 2 schools in the Best Value Medicine Schools in Minnesota For Those Getting Aid that were part of this year’s ranking, Mayo Clinic School of Medicine landed the #1 spot on the list. Mayo Clinic School of Medicine is located in Rochester, Minnesota and, has a small student population. In 2019-2020, this school awarded 49 ’s medicine degrees to qualified students.

Mayo Clinic School of Medicine did well in our major quality rankings, too. It placed #1 on our “Best Medicine Schools in Minnesota” list.

With a student-to-faculty ratio of 4 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. The low student loan default rate of 0.5% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.

Read full report on Medicine at Mayo Clinic School of Medicine

#2

University of Minnesota - Twin Cities

Minneapolis, Minnesota

#2 in overall quality

$17,740 Average Net Price

$45,406 Average Early-Career Earnings

Out of the 2 schools in the Best Value Medicine Schools in Minnesota For Those Getting Aid that were part of this year’s ranking, University of Minnesota - Twin Cities landed the #2 spot on the list. Minneapolis, Minnesota is the setting for this large institution of higher learning. The public school handed out ’s medicine degrees to 199 students in 2019-2020.

UMN Twin Cities not only placed well in this ranking. It is also #2 on our “Best Medicine Schools in Minnesota” list. It costs about $17,740 for Minnesota Medicine students with aid per year to attend UMN Twin Cities.

Students who start out at the school are likely to stick around. The freshman retention rate is 93%. The student loan default rate at the school is 2.2%, which is quite low when compared to the national default rate of 10.1%.

Read more about Medicine at UMN Twin Cities

• Best Value Colleges for Medicine in the Plains States Region (With Aid)
• Best Value Colleges for Medicine (With Aid)

Notes and References

References

• The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
• Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
• Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.

Read more about our data sources and methodologies

Footnotes

• *Average salary, average net price, and average tuition and fees are for the top schools only.
• Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.

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