13 percent of borrowers at 2-year colleges in South Dakota default on student loans

At Western Dakota Technical Institute, 23 percent of borrowers who started repaying student loans in 2014 defaulted on those loans by the end of 2016, according to the latest disclosure from the U.S. Department of Education.

The data includes two-year public colleges. The Federal Student Aid Office compiles data on schools receiving federal student aid who entered repayment on selected federal loans in the given fiscal year and defaulted before the end of the second fiscal year.

In total, four two-year institutions based in South Dakota reported 3,037 students entered repayment on student loans in 2014. And 408 – or 13.48 percent, above the national rate of 11.5 percent – defaulted on those loans

South Dakota 2-year schools with highest default rates

RankSchoolCityNumber of Borrowers in RepayNumber of Borrowers in DefaultDefault Rate (%)
1Western Dakota Technical Institute                               Rapid City          62714322.8
2Southeast Technical Institute                                    Sioux Falls         1,28715512.0
3Mitchell Technical Institute                                     Mitchell            4424710.6
4Lake Area Technical Institute                                    Watertown           681639.2
Source: U.S. Department of Education Federal Student Aid Office

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