Your question requires a really long answer, and to be honest, my physiology is a bit rusty and I haven't finished that part of my content review yet, so I will answer what I can.
The water in the body is made up of Intracellular fluid (ICF - fluid inside of cells) and Extracellular fluid (ECF - fluid NOT inside of cells). OK so far pretty basic. Interstitial fluid is a type of ECF. It bathes the cells and represents their external environment. When the sodium potassium pump is working (which is always) it is pumping 3 sodium ions into the interstitial fluid, and 2 potassium ions into the ICF.
So when the heart undergoes systole, the ventricles of the heart are contracting. The right ventricle pumps blood through the pulmonary (lung) circuit and the left ventricle pumps blood through the systemic (rest of the body) circuit. [The blood itself is majority (~55%) plasma. Plasma is another type of ECF.] The lymphatic system is another circuit that runs parallel to the blood. The 2 are only connected at the Thoracic duct (left lymph duct) and the Right lymph duct, where these 2 ducts dump into the venous system. The lymph system deals with transferring absorbed dietary fat from the digestive system to the circulatory system, returning fluid and proteins to the circulatory system, and acting as a filter working with the immune system.
OK while I was typing this, Czarcasm posted a pretty good description of the lymphatic system, so let me describe hydrostatic pressure and osmotic pressure. Notice how Czarcasm pointed out that the circulation goes from Arteries, (to arterioles), to capillaries, (to venules), to veins. Between the transition from arteries to veins there exists a transition in direction of net pressures (which occurs in the capillaries because this is the point where arterial system becomes venous). On the arterial side (and the venous side) we have 2 types of pressures: Hydrostatic pressure and Colloid osmotic pressure. Colloid osmotic pressure is also called Oncotic pressure, or even just Osmotic pressure. Osmotic pressure is created by the presence of large proteins in the blood. There aren't a bunch of large proteins in the interstitial fluid, so the Oncotic pressure pulls fluid into the circulatory system (you might recall your basic biology lab experiment with the Osmosis and Diffusion through a dialysis bag). The hydrostatic pressure can be thought of as the pressure exerted by the force of blood flowing through the circulatory system. This means that the Hydrostatic pressure pushes fluid out of the circulatory system.
So, recap: Hydrostatic pushes fluid out of the arteries and veins, and Oncotic pulls fluid in. On the arterial side, the hydrostatic pressure exceeds the Oncotic pressure, so you have a net flow of fluid and nutrients out of the artery and the arterial side of the capillary beds. On the venous side, there is less hydrostatic pressure because fluid has left circulation, and now Oncotic pressure exceeds hydrostatic. This causes fluid to be picked up from the interstitial fluid. When you see alcoholics with giant bellies, this is called ascites. A lot of these guys (or gals) will have poor liver function. The liver is the main site of plasma protein synthesis, which means that they have less proteins in their plasma. This means that they have less Oncotic pressure. This means that they pull less fluid out of the interstitial fluid, and it accumulates, causing ascites (a type of edema). Same thing with those poor starving little kids from Africa that they used to have on TV (the ones with the big pot bellies). They have a low protein diet and this causes them to have a low Oncotic pressure. The net result is that their hydrostatic pressure exceeds their Oncotic, and fluid accumulates. Congestive heart failure works similarly and can result in peripheral edema. You probably don't need that much info on circulatory pressures for the MCAT, but I find it pretty interesting and once you become a doctor, a lot of these patients will be your bread and butter anyway.
Edit: Since a picture is worth a thousand words, and since I just learned how to upload pictures on here, here ya go:
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