Minnesota ranks fifth in the nation for student debt, and fourth for its proportion of students shouldering college debt loads.
Seventy percent of Minnesota college students graduated last year with at least some debt. The average debt load for a state college student that year was $30,894.
The latest numbers, released Thursday by the Project for Student Debt, are similar to those in surveys done by Minnesota officials and come as state leaders consider another round of tuition freezes for state colleges and universities.
"I think it's crazy, and I think it's too bad the state of Minnesota doesn't invest more in higher education," said Kari Cooper, 22, who graduated in May from Bemidji State University and is chair of the Minnesota State University Student Association. She said she had $48,000 in student debt.
"Students are coming out of college with this astronomical amount of debt, and it's pushing them back in terms of buying a home, getting married, starting a family," she said.
The national study, issued by the Institute for College Access and Success in Oakland, Calif., said student debt continues to rise nationwide, with most of the high-debt states in the Northeast and Midwest.
Concern about college debt persuaded the Minnesota Legislature to make a deal with the state's public college leaders to freeze tuition at the undergraduate level for the Minnesota State Colleges and Universities system and the University of Minnesota, said Rep. Gene Pelowski, DFL-Winona, chair of the higher education finance and policy committee.
"The numbers are appalling," he said. "The data is why we focused all our resources on freezing tuition" and beginning to deal with student debt.