“Data from the U.S. Department of Education shows that an increasing number of students in South Dakota and across the nation are defaulting on their federal loans after completing college,” reports Capital Journal. “The Federal Reserve Bank of Minneapolis District, which includes the states of South Dakota, North Dakota, Montana, Minnesota, part of Wisconsin and the Upper Peninsula of Michigan, all have rates below the national average, but each state is following the national trend with steadily rising default rates.”

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