MINNEAPOLIS (WCCO) – A new survey shows a lot of Minnesota college students are graduating with a lot of debt.
Minnesota ranks fifth in the nation for student debt.READ MORE: 5 St. Cloud Bank Employees Unharmed After Hourslong Hostage Ordeal; Ray Reco McNeary In Custody
On average, they owe more than $30,000.READ MORE: How Much Is A Mother's Work Worth?
About 77 percent of last year’s graduates had at least some debt when they finished college.MORE NEWS: COVID Restrictions: Walz To End Capacity Restrictions By May 28, Mask Mandate By July 1
The Minnesota Office of Higher Education said the state’s high college participation rate is part of the reason for the large amount of debt.