The faces of college debt

University of Minnesota Duluth is one of the most expensive colleges in the country, according to a recent analysis cited by the UMD Statesman.

Between 2010 and 2012, the U.S. Department of Education’s College Affordability and Transparency Center ranked UMD within the top twenty most expensive four-year public institutions in the nation for net cost. This puts UMD just below universities like Penn State and higher than other Minnesota universities like St. Cloud State.

The total annual cost to attend UMD is $20,476 for Minnesota residents. This includes tuition, housing, books, and living expenses. The net cost is what students are expected to pay each year. This is the cost after the student is awarded any grants or state money, if they are eligible for it.

It’s a big deal for the region because Duluth is a middle-income community and there aren’t enough scholarships available.

The editor-in-chief of the paper, Anne Kunkel Christianson, wrote the article last month, and today posted this video adding faces to the problem.

(h/t: Chris Julin)

  • Jay Sieling

    The UMD headline was an eye-catcher for me. My daughter has been there the past three years and chose it because of it’s affordability and the program track she sought (early admission to medical school – she starts next fall!) The information in the article is a little haphazard and misleading. UMD does make the list of High Net Price for at $16539 but that was 2009-2010 prices. According to the OHE, UMD’s Average Net Price for 2010-2011 was $16018. It decreased by more than $500! The Twin Cities Campus, on the other hand saw an INCREASE of over $1000 in Average Net Price to $16019 for 2010-2011. The rest of the points in the student article are valid and interesting. UMD ranks on the low end of medium for costs according to the OHE College Scorecard. Twin Cities is only $1 different, but families borrow more to attend: $19110 vs $18754 for UMD. It amounts to a $4 per month payment difference given a ten year payback plan.
    The Calculators and Scorecards at the OHE website offer a wealth of information for making comparisons. But it isn’t always apples to apples. The cost of living off campus or on campus varies greatly from location to location and isn’t always readily reported accurately. Sometimes it is estimated and sometimes it is reported as ‘equal’.