Mapping Your Future logo

South Dakota among states with the lowest student loan balance

Green dollar sign with graduation cap in a field on a sunny day.

February 4, 2021

South Dakota is among the states with the lowest student loan balances, ranking 48th among the 50 states and the District of Columbia, according to a report released by AdvisorSmith.

The average student loan balance held by South Dakota residents is $30,946.07. North Dakota has the lowest average balance at $28,402.37 and Washington, D.C. is the highest at $54,982.82

In addition, the AdvisorSmith study looked at the percentage of the population that have student loans. In that case, South Dakota ranked 22nd with 13 percent of the state’s population having student loans. Washington, D.C. ranked first in the percentage of population with student loans at 16 percent and Hawaii was the lowest at 8 percent.

 Events for Counselors

Waverly/South Shore School Financial Aid Night

Monday, October 25 at 7:00 PM CST
Online Meeting
Host: Beth Ziehmer

More Info


Viborg-Hurley High School Financial Aid Night

Tuesday, October 26 at 6:00 PM CST
Online Meeting
Host: Beth Ziehmer

More Info


Iroquois High School Financial Aid Night

Tuesday, October 26 at 6:30 PM CST
Online Meeting
Host: Beth Ziehmer

More Info