🎓 Student Loan Calculators South Dakota

South Dakota Student Loan Repayment Calculator

Calculate student loan payments in South Dakota. Compare standard, IDR, and forgiveness plans. See total cost with no state income tax.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

South Dakota Quick Facts

None Income Tax Rate

1.31% Property Tax Rate

$63,920 Median Income

92.6 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Student loan repayment calculator for South Dakota residents. Standard repayment uses fixed amortization. Income-Driven Repayment (IDR) estimate is 10% of discretionary income (income above 225% of federal poverty level). South Dakota has no state income tax, so student loan interest deductions only apply federally. Federal student loan interest deduction: up to $2,500/year if income qualifies.

Key State Information

South Dakota student loan facts: Median income $63,920 | Cost of living index: 92.6 | No state income tax — more income available for loan payments. Average student debt nationally: ~$37,000.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Federal Student Aid, Census Bureau

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

What are student loan repayment options in South Dakota?

South Dakota residents can use federal repayment plans: Standard (10 years fixed), Graduated, Extended, and Income-Driven (SAVE, PAYE, IBR, ICR). Since South Dakota has no state income tax, more of your income is available for loan payments. PSLF is available for qualifying public service workers after 120 payments.

How much is the average student loan payment in South Dakota?

Based on the national average debt of $37,000 at 5.5% interest, the standard monthly payment is about $401/month over 10 years. In South Dakota, with a median income of $63,920, this represents about 8% of median household income.