8/13/2019 MN MeasuresInfographic 2014

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MINNESOTA MEASURESMINNESOTA MEASURESA REPORT ON HIGHER EDUCATION PERFORMANCE

To advance the promise of higher education to all Minnesotans and provide the critical information that

guides higher education decisions. Minnesota Office of Higher Education

8PRICE OFPOSTSECONDARYIN MINNESOTAEstimated netprice increased asincome increasedfor studentsattendingMinnesota publicand privateinstitutions.

NET

PRICE

INCOME

13 38% OF UNDERGRADUATESENROLLED AT COMMUNITYOR TECH COLLEGESThese studentsmove morequickly to theworkforce.

38%

2014

2002 2012

INCREASED

50%

AWARDSEARNED

14 MINNESOTANS AREEDUCATED!

4 MINNESOTA RANKSHIGH IN PERCENT OFPOPULATION WITHA DEGREEMinnesota ranks2nd in the nationwith the percentageof the populationage 25 to 44 earningan associate degreeor higher.

Massachusetts 55%

Minnesota 51%

WHAT IS COLLEGE?

College is the avenue to training and experience after high school requiredfor careers. Most jobs and careers require training after high school.2

1-2 Years 2-3 Years 2-3 Years 4-6 Years 6-8 Years 6-8 Years 8-10 Years

$54,756BACHELORS

DEGREE

AccountantArchitect

Computer EngineerTeacher

$37,388APPRENTICESHIP

Auto TechnicianCarpenterElectrician

Fire Fighter

$37,388DIPLOMA

Computer TechnicianMassage TherapistMedical Assistant

Truck Driver

$39,936ASSOCIATE

DEGREE

Dental HygienistEngineeringTechnician

Legal AssistantParamedic

$65,676MASTERSDEGREE

LibrarianPhysician AssistantSchool CounselorSchool Principal

$86,580PROFESSIONAL

DEGREE

DentistLawyer

PharmacistVeterinarian

$80,652DOCTORAL

DEGREE

College ProfessorPhysical Therapist

PsychologistSchool Superintendent

MINNESOTA OFFERS A VARIETY OF COLLEGEEDUCATION OPTIONS30,027 Minnesota high school graduates attended120 Minnesota postsecondary institutions.

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COMMUNITY ANDTECHNICAL SCHOOLS 38%

STATE UNIVERSITIES 20%

UNIVERSITY OF MINNESOTA 19%

PRIVATE NOT-FOR-PROFIT 20%

PRIVATE FOR-PROFIT 3%

11EDUCATIONAL LOAN DEFAULT IS LOW

Minnesota students had lower defaultrates compared to students from thesame type of institution nationwide.

8.6% MINNESOTADEFAULT RATE

10.1% DEFAULTRATE FOR PEERSTATES

9 HOW DO STUDENTS PAYGrants: 71% of first-time, full-time undergraduates attendingMinnesota postsecondary institutions received grants andscholarships to help pay the price of attendance.

Loans:64% of first-time, full-time undergraduates receivedstudent loans from federal, state or private sources averaging$7,388.

71%GRANTS

64%LOANS

5 WHO HAS A DEGREE?Minnesotans age 25 and older, whohave an associate degree or higher.

WHITE ASIAN BLACK

44% 50% 28%

HISPANIC21%

AMERICANINDIAN

18%

7 WHERE DO MINNESOTAS HIGH SCHOOLGRADUATES GO TO COLLEGE?70% chose to stay in Minnesota, 30%went out of state.Colleges in borderstates weretop choices.

MINNESOTA 70%

OUT OF STATE 30%

6 READY FOR COLLEGE:WHO IS PREPAREDFOR COLLEGE?Minnesota highschool ACT testtakers college readyin English, algebra,social science andbiology.

AMERICAN INDIAN15%

ASIAN25%

BLACK9%

HISPANIC20%

PACIFIC ISLANDER26%

TWO OR MORE RACES31%

WHITE43%

ALL STUDENTS39%

10 EDUCATIONAL LOAN DEBT INMINNESOTA IS HIGHAverage student debt per borrowerincreased 33%. Minnesota has maintainedhigher than average debt levels whencompared with the nation.

AVERAGE DEBT LEVELNATIONWIDE

HIGHER THAN AVERAGEDEBT LEVEL IN MINNESOTA

12 EMPLOYMENT OF MINNESOTA GRADSMost graduates were employedin Minnesota one year after graduation.

73%EMPLOYED

This information, and more, can be found on OHEs website: www.ohe.state.mn.us/pdf/MinnesotaMeasures2014.pdf

The number of academic awardsearned annually by Minnesota postsecondarystudents increased 50% over the past decade.

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70%

70% of Minnesotans age 25-64started or completed college.

CollegeEducated