16 percent of borrowers at 2-year colleges in Minnesota default on student loans

At St. Paul College, 25  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, 32 two-year institutions based in Minnesota reported 48,283 students entered repayment on student loans in 2014. And 6,764 – or 15.63 percent, above the national rate of 11.5 percent – defaulted on those loans

Minnesota 2-year schools with highest default rates

RankSchoolCityNumber of Borrowers in RepayNumber of Borrowers in DefaultDefault Rate (%)
1Saint Paul College - A Community & Technical College             St Paul             2,72067124.6
2Mesabi Range College                                             Virginia            45610222.3
3Fond Du Lac Tribal & Community College                           Cloquet             4389722.1
4Minneapolis Community And Technical College                      Minneapolis         3,71576820.6
5Hibbing Community College                                        Hibbing             61111819.3
6Pine Technical And Community College                             Pine City           3496719.1
7Lake Superior College                                            Duluth              1,67928216.7
8Minnesota West Community And Technical College                   Granite Falls       87714416.4
9Central Lakes College                                            Brainerd            1,21519916.3
10Itasca Community College                                         Grand Rapids        4597315.9
11North Hennepin Community College                                 Brooklyn Park       2,36136915.6
12Riverland Community College                                      Austin              95414915.6
13Minnesota State College Southeast                                Winona              97715015.3
14Minnesota State Community And Technical College                  Perham              2,77941915.0
15Northland Community And Technical College                        Thief River Falls   1,33719714.7
16Hennepin Technical College                                       Brooklyn Park       2,11731114.6
17Ridgewater College                                               Willmar             1,40920214.3
18Anoka Technical College                                          Anoka               88812614.1
19Rochester Community And Technical College                        Rochester           1,92227214.1
20Vermilion Community College                                      Ely                 2553614.1
21Century College                                                  White Bear Lake     3,30446514.0
22South Central College                                            North Mankato       1,24817514.0
23St. Cloud Technical And Community College                        St Cloud            1,84526014.0
24Northwest Technical College - Bemidji                            Bemidji             4195813.8
25Rainy River Community College                                    International Falls 901213.3
26Inver Hills Community College                                    Inver Grove Heights 1,64020812.6
27Dakota County Technical College                                  Rosemount           1,08313512.4
28Anoka-Ramsey Community College                                   Coon Rapids         2,41329512.2
29Normandale Community College                                     Bloomington         2,63229911.3
30Alexandria Technical And Community College                       Alexandria          8189211.2
31Minneapolis Business College                                     Roseville           205115.3
32Centerpoint Massage & Shiatsu Therapy School & Clinic            Minneapolis         6822.9
Source: U.S. Department of Education Federal Student Aid Office

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