USA Today – Matt Frankel
“Like any other type of loan, federal student loans eventually need to be repaid with interest. Federal student loans have fixed interest rates, meaning that they stay the same for the life of the loan, but the interest rates given to newly-originated student loans change from year to year. With that in mind, here’s a guide to the current student loan interest rates, how these and future student loan interest rates are determined, and how these are used to calculate the amount of interest you’ll actually pay.” (more)