Learn how add-on interest increases loan costs compared to simple interest. Discover the formula, examples, and its implications for borrowers.

Experts at Carleton acknowledged calculating add-on interest isn’t as prevalent as it once was with finance companies and other lenders using simple-interest calculations more often nowadays. However, ...

Federal student loan rates are fixed and set by a formula created by Congress that changes annually. For the 2025-2026 academic year, Direct undergraduate loans have a rate of 6.39%. Private student ...

Learn about per diem interest, how it's calculated, its role in loans like mortgages, and why it's essential for borrowers to understand before closing a loan.

WASHINGTON, DC - JULY 04: U.S. President Donald Trump, joined by Republican lawmakers, signs the One, Big Beautiful Bill Act into law on the South Lawn of the White House on July 04, 2025 in ...

A new rule proposed on April 18 could change how Thrift Savings Plan-based loans are repaid under reamortization terms. The Federal Retirement Thrift Investment Board, which governs the federal ...