Going to college? Here’s what you should know about student loans

By ADRIANA MORGA
Associated Press

NEW YORK (AP) — If you’re heading to college or starting to think about where you’d like to apply, you’re probably considering options for funding your education. If you need to borrow money to pursue your dreams, you are far from alone. According to the Federal Reserve, 30% of all U.S. adults said they incurred at least some debt for their education. Additionally, borrowers owe a collective $1.77 trillion in student loan debt, including federal and private loans. If you’re a high school senior or a college student, you’ll want to apply for federal student loans through the Free Application for Federal Student Aid, also known as FAFSA.