Addressing Student Debt
Advocating for new models to reduce the student debt burden for POCI students
Ensuring critical student consumer protections while working to demystify student debt is essential if Minnesota wants to ensure racial equity in college access and reduce the disproportionate debt POCI students face.
According to the nonprofit Student Borrower Protection Center, there are 775,300 student-loan borrowers in Minnesota with a collective $29.1 billion in student-loan debt, for an average student-loan debt load of about $37,500 per borrower.
Minnesotans rank fourth in country in average student loan debt per state resident, according to statistics from the Federal Reserve Bank of New York. Minnesotans owe about $6,280 for every man, woman, and child in the state.
What to know about student debt and racial inequities
Achieving the Dream defines “supports” as the cohesive suite of services that help students address the academic and nonacademic factors vital to success.
Holistic student supports embody an intentional focus on the types of services (not just the number of services), the ways in which those services are delivered, and how students connect to the services