If you are borrowing a student loan, it is important to have a basic understanding of how interest accumulates, as well as the concept of interest capitalization. The initial principal is the total ...

Marni Rose McFall is a Newsweek reporter based in London, U.K. Her focus is on internet trends, U.S. politics and popular culture. She has covered fashion, culture, art and music extensively.

A new bipartisan proposal in Congress aims to slash interest rates on federal student loans to just 2%, a dramatic drop from the 6% to 9% rates that most borrowers have today. The bill ...

The federal student loan interest rate will be 6.53% for undergraduate students, up from 5.5% for the current year.The interest rate has not been that high on any undergraduate loans since the ...